Publication Details
Abstract
This article examines the theoretical and practical aspects of improving market mechanisms aimed at ensuring the quality of economic growth in Uzbekistan. In the context of ongoing structural reforms and liberalization of the national economy, the emphasis is shifting from purely quantitative growth indicators to qualitative dimensions such as productivity, efficiency, innovation, competitiveness, and sustainable development. The study analyzes how market-based instruments—including competition policy, price liberalization, investment attraction, financial market development, and institutional reforms—contribute to improving the overall quality of economic growth. Particular attention is paid to the role of state regulation in creating an enabling environment for market mechanisms to function effectively. While market forces are essential for efficient resource allocation, the study highlights that institutional support, transparent governance, and macroeconomic stability remain crucial for preventing market failures and ensuring balanced development. The article also considers the influence of small and medium-sized enterprises (SMEs), foreign direct investment (FDI), and digital transformation as key drivers of qualitative economic growth in Uzbekistan. Furthermore, the research explores existing challenges such as imperfect competition, regional disparities, limited access to finance, and inefficiencies in institutional frameworks. Based on these findings, the paper proposes policy recommendations aimed at strengthening market institutions, enhancing financial intermediation, improving investment climate, and fostering innovation-driven growth. The results of the study indicate that the improvement of market mechanisms is a decisive factor in achieving sustainable and high-quality economic growth in Uzbekistan. Strengthening these mechanisms will allow the economy to transition toward a more diversified, resilient, and innovation-oriented development model.