ECONOMIC DIVERSIFICATION AND POVERTY REDUCTION IN UZBEKISTAN
Abstract
Since gaining independence in 1991 and moving away from a centrally planned economy and toward a more market-oriented framework, Uzbekistan has made notable progress in reducing poverty. The main tactics and laws used by the Uzbek government to combat poverty are examined in this abstract, including infrastructure development, social welfare initiatives, and economic diversification. In order to generate jobs, the nation has concentrated on raising agricultural productivity, advancing education, and encouraging entrepreneurship. Furthermore, foreign investment and collaborations have been essential in promoting economic expansion. Notwithstanding obstacles like regional inequalities and the effects of worldwide economic volatility, Uzbekistan's dedication to eradicating poverty has resulted in quantifiable advancements in healthcare, education, and living standards. This article highlights the significance of inclusive economic growth and sustainable development strategies for the future while analyzing the current initiatives, achievements, and opportunities for further development in Uzbekistan's fight against poverty.
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About the Authors
List of references
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