UZBEKISTAN’S ROLE IN THE GLOBAL ECONOMY: PROSPECTS AND CHALLENGES OF THE CONSTRUCTION INDUSTRY
Abstract
The global economy of the 2020s has entered a period of structural realignment marked by technological innovation, sustainability imperatives, and shifting patterns of trade and investment. Within this context, emerging markets have taken on increasingly active roles in global value chains, industrial modernization, and green development. Uzbekistan—a rapidly reforming transition economy—has positioned the construction industry as a central pillar of its growth strategy. This paper examines Uzbekistan’s evolving place in the world economy, focusing on the economic, institutional, and technological dynamics of its construction sector. Drawing on data from the World Bank, IMF, UNCTAD, and Uzbekistan’s State Statistics Committee, it analyzes the interplay between domestic policy reforms, foreign investment, and sustainable development objectives. By integrating comparative perspectives from Turkey, Kazakhstan, and Poland, the paper aims to assess the country’s potential to become a regional leader in green and smart infrastructure development.
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