INSTITUTIONAL FOUNDATIONS OF THE TRANSFORMATIONAL MODEL OF THE DIGITAL ECONOMY UNDER GLOBALIZATION

Abruyeva Xilola Sherbekovna

GREEN ECONOMY AND DEVELOPMENT, 2026, vol. 4, issue 7, 541-550

Abstract: This study examines the institutional foundations of Uzbekistan’s digital economy transformationin the context of globalization. The findings indicate that infrastructural development, including expandedbroadband access and computer literacy initiatives, has significantly outpaced institutional and regulatoryreadiness, as reflected in the country’s relatively low position in international institutional-readiness indices.This imbalance increases transaction costs for market participants despite sustained public investment indigital development. The analysis also demonstrates that Uzbekistan has not fully adopted any single globalmodel of data governance and that similar patterns of institutional lag are characteristic of other post-Sovieteconomies.

Keywords: institutional economics; digital economy; digital transformation; globalization; Uzbekistan; regulatory quality; transaction costs. (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:teu:ged000:v:4:y:2026:i:7:id:11772

DOI: 10.5281/zenodo.21714696

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