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Development Strategy of Uzbekistan: Modernization Versus Innovation?

Author

Listed:
  • K.Kh.Karimov

    (Westminster International University in Tashkent, Uzbekistan)

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.

Suggested Citation

  • K.Kh.Karimov, 2020. "Development Strategy of Uzbekistan: Modernization Versus Innovation?," International Journal of Innovation and Economic Development, Inovatus Services Ltd., vol. 6(4), pages 46-53, October.
    • Handle: RePEc:mgs:ijoied:v:6:y:2020:i:4:p:46-53
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    References listed on IDEAS

    as
    1. Jesus Felipe & John McCombie, 2020. "The illusions of calculating total factor productivity and testing growth models: from Cobb-Douglas to Solow and Romer," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 43(3), pages 470-513, July.
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    More about this item

    Keywords

    Innovation; Labour productivity; Sustainability; Structure; Entrepreneurship;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

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