Some Aspects Of Improving The Level Of Internal Balancing Of Uzbekistan

Alisher Jurakulovich Siddikov

doi:10.37547/tajmei/volume03issue06-11

Abstract

The article defines the essence of the economic categories "domestic savings" - "gross capital formation". Analyzed the dynamics of changes in the macro-proportions of the SNA "domestic savings" - "gross capital formation" and "gross national savings" in the national economy for 2010-2020, and developed effective proposals to improve the level of internal balancing of Uzbekistan in the near future.

Highlights

During the two centuries associated with the formation and development of the world industrial society, crises occurred in the economies of many countries, during which there was a sharp decline in production, an increase or shortage of goods in the markets, a fall or rise in prices, the destruction of the system of mutual settlements between economic entities, the crisis of commercial and industrial enterprises, the growth of unemployment, and other negative phenomena
It is worth mentioning that during the global economic crisis, the inflow of foreign investors into the economies of developing countries is sharply reduced.This is inextricably related to a decline in production in developing countries, rising inflation, and devaluation of the national currency, which leads to a sharp decline in the cost of capital of foreign investors and the decision to withdraw them
Summarizing the above analysis, it should be noted that in order to further increase the level of Uzbekistan's internal balance in ensuring a balanced state of macroeconomic ratios "domestic savings - gross capital formation" in the near future, it is necessary to carry out the following work

Summary

INTRODUCTION

During the two centuries associated with the formation and development of the world industrial society, crises occurred in the economies of many countries, during which there was a sharp decline in production, an increase (accumulation) or shortage of goods in the markets, a fall or rise in prices, the destruction of the system of mutual settlements between economic entities, the crisis of commercial and industrial enterprises, the growth of unemployment, and other negative phenomena. In the first period of empirical analysis, Uzbekistan was able to create the necessary investments for the national economy and acted as a creditor to the state in the world community, and in the second period, it acted as a debtor or borrower country, which formed part of gross capital formation at the expense of foreign capital (external debt) (1 diagram). The value of "net profit from property" amounted to 6,375.3 billion soums (1,244.9 million US dollars) with a negative value, which is equal to 2.1% of GDP This means that the income of foreign investment in the economy of Uzbekistan is much higher than the income of national factors from the outside world. Among the newly industrialized countries, India turned out to be the country with the strongest positive correlation between the above indicators, which was equal to 0.93

CONCLUSION

Findings

National Accounts: A Practical