Abstract

This article covers an analysis of socio-economic development of the Republic of Uzbekistan at the present time. The author reviews the main formation milestones for an independent state from 1991. He shows that the process was accompanied by a radical breakdown of the previous administrative command system, privatisation and demonopolisation, the introduction of various forms of market relations, and the creation of new industries. The author highlights, in particular, successful and unsuccessful attempts of the country’s leaders to raise the profile of the industrial sector of the economy and to make Uzbekistan an industrial state. The author sets a task to characterise the structure of Uzbekistan’s economy, to analyse indicators of gross domestic production, and to study the features of its development. The article discusses in detail the main parameters of the socio-economic situation in the country in 2018 – early 2020 and highlights the key factors contributing to the crisis trends in the economy of the Republic of Uzbekistan. According to the author, cyclical global crises and the coronavirus pandemic, as well as mass labour migration to neighbouring countries, should be recognised as key factors in that case. Special attention is paid to the analysis of various aspects of multifaceted cooperation between Russia and Uzbekistan and joint projects implemented in various sectors of the national economies of both countries. The author emphasises that a new impetus to these relations was given by Vladimir Putin’s state visit to Tashkent in October 2018.

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