The COVID-19 pandemic that swept the globe in 2020 and triggered a global crisis is likely to radically change life around the world. In addition, the pandemic equally threatens countries with different economic situations and political systems and forces them to take security measures. The pandemic, which has completely disrupted the economic processes in the countries of the world, as well as its negative impact on strategies developed at the national level, now require a wide range of discussions, scientific and practical recommendations and political decisions.
Based on the foregoing and in pursuance of the Decree of the President of the Republic of Uzbekistan No.PD-5953 dated 03.02.2020 “On the State Program for the Implementation of the Strategy of Action in Five Priority Areas of Development of the Republic of Uzbekistan in 2017-2021 in the Year of Development of Science, Education and the Digital Economy”, Resolutions of the Cabinet of Ministers of the Republic of Uzbekistan No. 981-f of January 29, 2019 and No. 56-f of February 7, 2020 and Order of the Ministry of Higher and Secondary Specialized Education of the Republic of Uzbekistan No. 116 of February 13, 2020, in the Tashkent State Economic University on December 10-11, 2020, an international scientific online conference was held on the topic “Action strategy of the Republic of Uzbekistan: macroeconomic stability, investment activity and prospects for innovative development”.
The conference is a major international scientific event, the main goal of which is to develop scientific, methodological and practical proposals and recommendations for the implementation of advanced, modern approaches to the formation of a competitive environment, a new approach to economic sectors affected by the global pandemic.
Discussions at the conference were held in the following sections:
Strategy of actions in five priority directions of development of the Republic of Uzbekistan for 2017-2021 as an example of the responsibility of state policy;
Reducing the impact of the pandemic on the economy using electronic digital technologies in government and real sector organizations;
Increasing the number of jobs due to the rapid development of the private sector, ensuring healthy competition, doing business and a favorable investment climate;
Achievement of high rates of economic growth through liberalization of monetary and fiscal policy and diversification of the economy.
Based on the sections highlighted at the conference, the following important issues were discussed in detail.
Main issues discussed:
socio-economic trends and events in the world economy, their impact on the national economy;
human capital: ways to increase it and international calculation methods;
comprehensive and balanced socio-economic development of regions, effective and optimal use of their potential;
modernization and accelerated development of agriculture;
comprehensive targeted measures to liberalize the foreign exchange market;
carrying out economic policy in accordance with international standards, with the aim of liberalizing foreign trade and creating an effective market economy;
reducing government intervention in the economy, increasing the role and importance of the private sector in the economy.
The conference was attended by Deputy Prime Minister of the Republic of Uzbekistan for financial and economic issues and poverty reduction, heads of top organizations, such as the Ministry of Finance of the Republic of Uzbekistan, the Ministry of Innovative Development of the Republic of Uzbekistan, the Ministry of Economic Development and Poverty Reduction of the Republic of Uzbekistan, the Ministry of Employment and labor relations of the Republic of Uzbekistan, the Ministry of Higher and Secondary Specialized Education of the Republic of Uzbekistan, the State Tax Committee of the Republic of Uzbekistan, the Development Strategy Center, University rectors. Scientists, university leaders and experts from about 20 countries, including the USA, Germany, Russia, South Korea, Indonesia, Malaysia, Poland and Kazakhstan, also took part in the conference.
In turn, the conference served as a platform for the exchange of experience between leading experts.