REGIONAL ECONOMIC DIVERSIFICATION AS A KEY FACTOR OF SUSTAINABLE GROWTH

Authors

  • Ismatov Fazliddin Ibodovich Lecturer, Department of Economics Asia International University

Keywords:

regional economy, economic diversification, sustainable growth, structural transformation, economic stability, territorial development, institutional factors.

Abstract

This article provides a theoretical and practical analysis of the role of regional economic diversification in ensuring sustainable economic growth. In the context of global economic instability and high dependence of regions on specific sectors, balancing the economic structure emerges as a strategic necessity. The main objective of the study is to identify the relationship between the level of diversification and indicators of sustainable growth.

The research applies a systematic approach, structural-dynamic analysis, and evaluation methods based on economic concentration indicators. The results demonstrate that a balanced distribution of economic activity across sectors enhances regional resilience to external shocks, improves the investment climate, and establishes a solid foundation for long-term sustainable development. The article also substantiates priority directions for improving regional economic policy.

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References

President of the Republic of Uzbekistan. (2022). Development Strategy of New Uzbekistan for 2022–2026. Tashkent.

Statistics Agency of Uzbekistan. (2025). Socio-economic development indicators of the Republic of Uzbekistan. Tashkent. https://stat.uz

Ministry of Economy and Finance of Uzbekistan. (2024). Macroeconomic development analysis and forecasts. Tashkent.

World Bank. (2023). World Development Indicators. Washington, DC. https://data.worldbank.org

UNDP. (2022). Regional Development and Economic Diversification Report. New York.

Hesse, H. (2008). Export diversification and economic growth. Commission on Growth and Development Working Paper No. 21. World Bank.

Imbs, J., & Wacziarg, R. (2003). Stages of diversification. American Economic Review, 93(1), 63–86.

Frenken, K., Van Oort, F., & Verburg, T. (2007). Related variety, unrelated variety and regional economic growth. Regional Studies, 41(5), 685–697.

Herfindahl, O. C. (1950). Concentration in the steel industry. Columbia University.

Porter, M. E. (1998). Clusters and the new economics of competition. Harvard Business Review, 76(6), 77–90.

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Published

2026-02-27

How to Cite

Ismatov Fazliddin Ibodovich. (2026). REGIONAL ECONOMIC DIVERSIFICATION AS A KEY FACTOR OF SUSTAINABLE GROWTH. Journal of Applied Science and Social Science, 16(02), 1148–1451. Retrieved from https://www.internationaljournal.co.in/index.php/jasass/article/view/3524

Issue

Vol. 16 No. 02 (2026): Volume 16 Issue 02

Section

Articles

License

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