Publication Details
Abstract
This research investigates the impact of Special Economic Zones (SEZs) on local economies, focusing on the case of Uzbekistan. SEZs are recognized as crucial instruments for fostering economic development by attracting foreign direct investment (FDI), creating jobs, boosting industrial growth, and promoting technology transfer. Uzbekistan, in its pursuit of economic diversification, has implemented several SEZs to enhance its industrial output and integrate more effectively into the global market. The study evaluates the economic contributions of these zones to local development, including job creation, technological innovation, and FDI influx. It also identifies the challenges that hinder the full potential of SEZs, such as infrastructure limitations, bureaucratic inefficiencies, and the need for further workforce development. The findings suggest that while SEZs have positively influenced local economies, addressing existing challenges could amplify their impact and further contribute to the country's economic growth.