The formation of an effective system of economic management is the main goal of modern reforms in Uzbekistan

Abstract

Structural transformations in the economy of Uzbekistan require new methods of economic management, therefore the article examines the main directions of the country's actual economic development and suggests the ways of forming a new system of economic management. The author emphasizes the need to create a flexible system of economic management, providing for the reduction of state interference in the activities of economic entities. It is substantiated that another important direction of economic development is poverty reduction and employment growth. It is proposed to use institutional factors as a key element of economic development; with that, clear boundaries should be set when using administrative tools. Particular attention is paid to the country's main resource - accumulated human capital. A number of measures are proposed to create an up-to-date system favouring the reproduction of human capital.