Key Aspects of Innovation Process Intensification in Uzbekistan Industry

Abstract

The article studies the key ways of upgrading and modernizing industry in Uzbekistan - innovation processes taking place in manufacturing and selling goods and services. It was shown that raising the economic potential of the country, which was identified as a strategic line in the development of industrial forces and attaining public progress, can be provided not only on the basis of new investment into economy or setting-up new enterprises and works but also by rational and effective use of existing resources: labour, material, finance, natural, etc. The author analyzes figures of the efficiency of Uzbekistan industry innovation activity and puts forward ways of its intensification. It was shown that innovative enterprises of Uzbekistan differ greatly from enterprises in developed countries, which function in conditions of highly-competitive market saturated by high-quality products. Production in the republic lags behind in the sphere of international quality standards, which means that a bigger part of new products is new only on the home market. In order to raise products to global standards serious costs and efforts are necessary, which are unattainable for many enterprises.