KEY ASPECTS OF SERVICE SECTOR MODERNIZATION AND DIVERSIFICATION IN THE REPUBLIC OF UZBEKISTAN
Keywords:
service sector, modernization, diversification, digital transformation, service-oriented economy, innovative services, human capital, Republic of Uzbekistan.Abstract
The paper explores the distinctive characteristics and key challenges associated with the modernization and diversification of the service sector in the Republic of Uzbekistan amid ongoing structural economic reforms and digital transformation processes. It substantiates the increasing significance of the service sector as a major driver of sustainable economic development, job creation, and the strengthening of national competitiveness.
The study examines prevailing development trends in priority service segments, including tourism, financial and fintech services, information and communication technologies, transport, and logistics. It identifies major constraints to modernization, such as regional imbalances, infrastructure limitations, shortages in skilled human resources, and institutional obstacles.
Furthermore, the article outlines strategic directions for the comprehensive modernization and diversification of the service sector, emphasizing digitalization, the expansion of platform-based business models, institutional mechanisms to support innovation, and sustained investment in human capital.
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