Rationale for strategic prioritization of industries within the structure of Uzbekistan’s economy

This paper scrutinizes main determinants of competitiveness and sustainable growth of priority industries in Uzbekistan. In particular, it investigates issues of rationale for strategic prioritization of industries within the structure of national economy by touching upon effective mechanisms that lend support in attracting foreign direct investment into these industries. The author concludes that the main strategic goal of industrial development of Uzbekistan should be not only reaching high rates of growth in this sector, but it should also involve relevant steps to develop priority industries which requires more rational use of untapped natural resource wealth of the country, formation of its modern structure, and boosting the competitiveness of country’s manufacturing industries in world markets.

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