CURRENT STATE AND CHALLENGES OF INNOVATIVE ECONOMY DEVELOPMENT IN UZBEKISTAN

Ismailov Mukhammadjan Bakhodir ugli

Authors

Ismailov Mukhammadjan Bakhodir ugli Author

Abstract

This article explores the current state of innovative economic development in Uzbekistan, examining the institutional, technological, and social aspects that influence its growth. The study highlights both achievements and existing challenges in fostering innovation-driven industries, entrepreneurship, and digital transformation. Key areas analyzed include the role of government policy in promoting innovation, the adoption of advanced technologies, and the impact of innovation on economic competitiveness. Barriers such as insufficient investment mechanisms, limited human capital, and low integration of scientific research into industrial production are also discussed. Through statistical analysis, case studies, and expert interviews, the study provides a comprehensive overview and proposes strategic measures to enhance innovation-led growth.

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