The Role Of Education And Human Capital Development In Uzbekistan's Economic Growth

Authors

  • Shoh-Jаkhon Khаmdаmov Associаte professor of the Internаtionаl school of Finаnce Technology and Science

Keywords:

Education, human capital development, economic growth, Uzbekistan, labor productivity, skills development

Abstract

This paper explores the critical role of education and human capital development in driving economic growth in Uzbekistan. As the country transitions to a more market-oriented economy, investments in education and skills development have become essential for enhancing labor productivity and fostering innovation. This study employs a mixed-methods approach, combining quantitative analysis of educational attainment, labor market outcomes, and economic indicators with qualitative insights from educators, policymakers, and industry leaders. The findings reveal that improvements in education quality and accessibility have significantly contributed to economic expansion, with higher levels of human capital correlating with increased GDP growth and productivity. However, challenges remain, including disparities in educational access, alignment of curricula with market demands, and the need for ongoing investment in vocational and higher education. The paper concludes by emphasizing the importance of strategic educational reforms and human capital investments to sustain Uzbekistan's economic growth and promote inclusive development. Recommendations for policymakers include enhancing educational infrastructure, improving teacher training, and fostering partnerships between educational institutions and the private sector to ensure that the workforce is equipped with the skills needed for the evolving economy.

References

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Published

2024-08-30

How to Cite

Khаmdаmov S.-J. (2024). The Role Of Education And Human Capital Development In Uzbekistan’s Economic Growth. American Journal of Management Practice, 1(3), 66–71. Retrieved from https://semantjournals.org/index.php/AJMP/article/view/130

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