Development Strategy of Uzbekistan: Modernization Versus Innovation?

K.Kh.Karimov
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K.Kh.Karimov: Westminster International University in Tashkent, Uzbekistan

International Journal of Innovation and Economic Development, 2020, vol. 6, issue 4, 46-53

Abstract: The article investigates the strategic management tools and economic – organizational mechanisms of the entrepreneurial structures of the Republic of Uzbekistan on the macro level. The research results revealed that for fulfilling the Strategy Actions it’s necessary to redirect the strategy from modernization to innovations, and also economical – organizational mechanisms of the entrepreneurial structures and systems as measures for their sustainable growth and innovative development. In this process transformation is the aim, innovative development is the tool, and effective and sustainable development of business structure and systems is asymptotic equilibrium. On the macro level, an optimal innovative level of business units was identified by formulating a mathematic equation. In the equation, the dependent variable is labour productivity, while independent variables include material and intellectual production factors.

Keywords: Innovation; Labour productivity; Sustainability; Structure; Entrepreneurship (search for similar items in EconPapers)
JEL-codes: M00 (search for similar items in EconPapers)
Date: 2020
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