INCREASING FINANCIAL LITERACY IN UZBEKISTAN SCHOOLS BASED ON THE EXPERIENCES OF FINLAND AND THE RUSSIAN FEDERATION
DOI:
https://doi.org/10.60078/3060-4842-2024-vol1-iss2-pp161-168Abstract
This article is dedicated to the consideration of important issues of increasing the level of financial literacy in the educational system of Uzbekistan, especially in school education, and to the study of advanced foreign experiences. In the article, the financial literacy programs of Finland and the Russian Federation are analyzed and ways of their adaptation to the conditions of Uzbekistan are studied. Emphasizing that financial literacy has a positive effect on the economic stability and well-being of the population, the research notes the need for public and private sector cooperation, the organization of special courses and training in educational institutions, as well as the use of modern technologies and interactive methods. Proposals and recommendations developed on the basis of the experiences of Finland and the Russian Federation are of great importance in the formation of practical programs aimed at increasing financial literacy in the school education system of Uzbekistan.
Keywords:
financial literacy financial literacy center school education economic sciences financial knowledge education system of Finland education system of the Russian FederationReferences
APEC (2019). Financial Education in Japan: Current State and Challenges. APEC Policy Support Unit.
Atkinson, A., & Messy, F. A. (2012). Measuring Financial Literacy: Results of the OECD / International Network on Financial Education (INFE) Pilot Study. OECD Working Papers on Finance, Insurance and Private Pensions.
Lusardi, A., & Mitchell, O. S. (2014). The Economic Importance of Financial Literacy: Theory and Evidence. Journal of Economic Literature.
Lusardi, A., Michaud, P. C., & Mitchell, O. S. (2017). Optimal Financial Knowledge and Wealth Inequality. Journal of Political Economy.
Mandell, L. (2008). Financial Literacy of High School Students. In Handbook of Consumer Finance Research. Springer.
OECD (2013). Financial Education in Schools. OECD Publishing.
OECD (2017). PISA 2015 Results (Volume IV): Students’ Financial Literacy. OECD Publishing.
OECD (2018). Financial Education in Schools. OECD Publishing.
Pana Kalmi (2022). The effects of game-based financial education: New survey evidence from lower-secondary school students in Finland. The Journal of Economic Education Volume 53, Issue 2.
World Bank (2014). Enhancing Financial Capability and Inclusion in Uzbekistan. World Bank Report.





