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NECESSITY OF MODERNIZATION IN THE ECONOMIC SPHERES FOR INTEGRATION INTO THE WORLD COMMUNITY

Shaakramov K.K.Candidate of Economics, Associate Professor of the Department of the National Research University "Tashkent Institute of Irrigation and Agricultural Mechanization Engineers"
ABI

Abstract

The article deals with the issue of the need for modernization in the spheres of the economy for integration into the world community as a process in demand today. As is known, an important condition for accelerated development for countries is the modernization of society, the economy, the financial sector, and foreign economic activity. The experience of many developed countries is considered, where it proves that achieving the competitiveness of manufactured products and entering world markets can be ensured primarily through consistent reform, deepening structural transformations and diversification of the economy, advancing the development of new hightech enterprises and industries, accelerating modernization processes.

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