Integration of Uzbekistan into the international division of labor

Abstract

In the article, the author analyzes a broad range of actions directed to create the institutional bases for integration of national economy into the global investment market according to Uzbekistan’s five-area development strategy for 2017-2021. Significant changes in the monetary policy tools in providing and attracting liquidity are revealed; broad application of market mechanisms of setting interest rates by commercial banks, including on loans; increases in transparency of the carriedout monetary policy for informing the population on the used tools and the expected results. The expediency of deepening cooperation with international and foreign state financial institutions, the leading foreign companies and banks, ways to increase efficiency of foreign investments, is proved. Special attention is paid to improvement of foreign economic activities of enterprises, transition from stimulating innovations to economic growth that could be strategically solved through enhanced opportunities for innovative potential fulfillment, i.e. improving foreign trade activities and speeding up commercialization of innovations.