Challenges of International Economic Relations in Assessing Uzbekistan’s Regional Development Disparities

Abstract

The article considers the indicators used in monitoring regional development disparities in the USA, China, Japan, the UK, the EU countries, as well as the specifics of regional policy to eliminate them. Summarizing foreign experience has helped to identify priority areas that should be taken into account when implementing programs to reduce disparities in the development of Uzbekistan’s regions. Methodological approaches to assessing the level of social and economic development of the regions of the republic are examined, and the differentiation of regions in 2018-2022 by the specific indicators of gross regional product, industrial output, investment in fixed assets, real aggregate income per capita are analyzed. Diagnostics of the factors of economic growth allowed to identify the main issues that negatively affect the level of development of depressed regions of Uzbekistan. In order to equalize the territorial structure of the republic’s economy, new mechanisms of regional development are considered, based on conditions, potential and opportunities, as well as further improvement of the business environment, improvement of the procedure for providing state support and increasing its effectiveness.