Vol. 1 No. 7 (2023): Economic development and analysis

This article examines the issues of digitalization of the medical sphere and foreign experience. The practice of digitalization of the healthcare system of the Republic of Uzbekistan and the experience of foreign countries in this area have been studied. Also, on the basis of statistical data, trends in the development of the country's medical sphere were analyzed and proposals and recommendations were developed for the effective organization of information digitalization processes at medical enterprises.

The article examines various opinions and views of scientists on the assessment of the tax burden fron the theoretical point of view, the author analyzes the indicator of the tax burden, the practice and procedure of taxation for individuals, its current stat. In addition, the author has developed scientific conclusions and proposals for assessing and distributing the level of the tax burden of taxpayers.

In this article, we measure the economic development of Italy and examine the factors that will influence it. For the research purposes we have selected several factors that have a great impact on economic growth. We take GDP per capita as a measure of a country's economic development. The purpose of this study is to examine the dynamic and long-term relationships between variables and GDP per capita.

This article explores the regulatory framework and legal aspects that constitute yhe basis for the evolution of digital lending in the banking sector. In current financial landscape, banks are increasingly using digital technologies to transform retail lending practices. This article explores the digital transformation of retail lending and the legal frameworks that will regulate it, protect consumer rights, and ensure the integrity of financial systems.

This article examines the practical tasks, factors, and economic success of effective personnel management, as well as the need to analyze personnel potential and apply current methods. It is designed to realize labor potential, develop personal abilities, provide people with satisfaction from work accomplished and public recognition of their achievements, and provide a comfortable environment. Personnel planning is also aimed at meeting the needs of production and ensuring the interests of employees and society as a whole. Today, more than ever, it is necessary to look for opportunities to harmonize market conditions and the interests of the company’s employee.

The article is devoted to the analysis of strategies and methods aimed at optimizing taxation within the framework of the digital economy. In the context of the rapidly developing digital market and the emergence of new forms of commercial activity, effective tax planning is becoming the main aspect of the state's financial stability. The article covers the use of digital technologies in the harmonization of tax legislation, data collection and analysis. Particular attention is paid to the development of effective tax collection mechanisms for digital transactions and services, which are the main factor for ensuring stable and predictable government revenues.

This article discusses the reforms implemented in our republic to improve the quality of education, organization of the educational process in accordance with the requirements of the time, the role of higher educational institutions in the educating qualified personnel, and the potential of student, the competence of professors and teachers, and issues such as the significance of foreign experience in the educational process.

Currently, one of the most important issues facing the field of higher education is improving the system of quality and assessment of education, as well as training competitive personnel. This situation determines the relevance of studying and analyzing the regulatory framework, which will allow reforming the higher education system, monitoring, evaluating and ensuring the quality of education in all aspects, both theoretically and practically. Accordingly, the article highlights such issues as the active participation of universities in the development of a science-based economy, innovative teaching methods, the establishment of an inextricable connection with the business sector, and the direct implementation of research work carried out at the university into production.

The Islamic finance industry resiliently grew by 17% in 2021, reaching nearly US$4 trillion in total assets. The growth was evident across sectors including Islamic banking, Sukuk, Islamic funds, and other financial institutions. Notably, Islamic banking, comprising 70% of assets, expanded due to government support, operational efficiency, and strong demand. Net income surged by 290%, while average return on assets also increased. The rise of fully digital Islamic banks globally and responses to the LIBOR transition, such as Malaysia's MYOR-i and Oman's Islamic money market instruments, highlighted industry innovation. Efforts to enhance sustainability, governance, knowledge, and awareness through the Islamic Finance Development Indicator (IFDI) underscore industry progress, positioning Islamic finance for continued growth and innovation.

This article examines interbank competition and its role in ensuring the stability of the country's banking system. In addition, the article analyzes the current state of interbank competition in our country and its specific trends, stability of the banking system and the factors influencing it. Relevant conclusions have been developed.

The article discusses free economic zones, which are considered the main factor in the socio-economic development of the country, their attractiveness and the organization of new high-tech industries, more active involvement of regions in the development of the production of competitive and export products. The focus on modern industrial products, production, and mechanical engineering have been studied as favorable conditions for the consistent development of free economic zones as the most important factor in expanding the attraction of foreign direct investment to ensure the rapid development of communications, road transport, social infrastructure and logistics services. In addition, the article analyzes such issues as the creation, especially of small businesses and private entrepreneurship, increasing export potential, strengthening diversification policies, the sustainability of the regional economy and the current situation in our country.

This article analyzes the general trend of hotel business development in Uzbekistan. At the same time, in the example of the Nadir Samarkand hotel located in the city of Samarkand, the problem of efficient distribution of resources was solved using the simplex method.

This article examines the multifaceted issues of non-performing loans in commercial banks, focusing on understanding their specific features, emphasizing important issues related to risk management in financial institutions. The study includes factors influencing the occurrence of problem loans, their economic indicators, the state of the credit market, characteristics of borrowers, as well as regulatory effects. In addition, the study examines the specific characteristics of problem loans, such as loan volume, type and collateral, and highlights the circumstances that distinguish them from loans. It also presents important approaches of commercial banks to develop effective strategies to reduce the risk of loan default.

Diversification of the structure of the economy in Uzbekistan and its competitiveness, consistent introduction of market mechanisms to all sectors of the economy, reduction of poverty and increase the well-being of the population,rapid development of the digital economy, transformation of state companies, ensuring sustainable economic growth by reducing the participation of the state in the economy constitute the priorities of economic reforms currently being carried out. Within the framework of these economic reforms, the definition of urgent tasks for “formation of a free competitive environment in the commodity and financial markets”, “popularization of the life insurance network and personal insurance among the population, their large-scale promotion and development of new types of life and personal insurance” is a theoretical analysis of insurance activities in the country- it indicates the need to carry out research work on improving the methodological and practical basis, increasing the level of salinity and quality of insurance services in the structure of financial services.

Gastronomy is a great asset in tourism. It is part of the culture and tradition of these countries. Good cuisine is fun for everyone, because everyone wants to taste good and tasty food. Many people travel only for gastronomic purposes. Food is a basic human need and it can be the main motivation in the decision to travel. Therefore, the study examined gastronomy and its role in tourism.

This research article examines the characteristics, status and role of regional banks, the reasons for their investment activity. The Asian Development Bank and its investment activities in Uzbekistan are presented as a case study. As a result of the research and analysis, proposals and recommendations were developed for the development of investment activities of regional banks.

The article reveals the problems of organizing statistical activities, ways to introduce modern technologies in this area, suggestions for improving the activities of the district statistics division based on information and communication technologies.

This article examines the relationship between economic growth and air pollution in Uzbekistan, which has achieved rapid economic development in recent years. Using data from 2000 to 2020, we used econometric methods to examine the impact of economic growth on air pollution. Our results show that economic growth has a positive and significant effect on air pollution in Uzbekistan, suggesting the existence of the Environmental Kuznets Curve (EKC) hypothesis. However, the relationship between economic growth and air pollution is not linear, and the tipping point at which economic growth begins to reduce air pollution is not yet clear in Uzbekistan. Our findings have important policy implications for the sustainable development of Uzbekistan's economy and the reduction of air pollution.

Corporate culture contributes to the long-term development and improvement of the efficiency of enterprise management, as well as determines the mission and long-term strategies of the company. Currently, in the world, along with modern models of corporate governance, the peculiarities of corporate culture as a separate sphere are being studied. The growing acceleration of the globalization process, the expansion of the scale and the development of integration between countries and companies require a broader and deeper study of corporate culture. Therefore, much attention is paid to this direction by scientists in the field of management. In this research paper, modern models of corporate culture and some of their aspects across the country and the company were analyzed.

This research article is aimed at determining the economic aspects of motor transport enterprises, income and profit, its types and profitability in motor transport enterprises. It examines various factors affecting profit formation such as operational efficiency, cost management and revenue optimization. In addition, it examines the indicators and methods used to evaluate the profitability of production in these enterprises, taking into account the financial and operational perspectives.

The article reveals the nature of tourist corridors and their importance in the development of the tourism industry. Some scientific views are accurately analyzed and the concept of a tourist corridor is clarified in this study paper. The types of tourist corridors have been identified and justified by their geographic coverage. There has been studied different world experiences and the need and importance of their organization is structurally emphasized.

Practice shows that public finance management is constantly evolving, the organizational and legal forms of budgetary institutions are changing, as well as the procedure for their financing and state support for commercial organizations is also developing. It is obvious that this, in turn, increases the urgency of the issue of improving the state financial control. This article presents an analysis of the current state of work carried out in the system of state financial control in order to reform the public finance sector and ensure the efficient and rational use of budget funds.

This article discusses the problems of the energy sector. Technologies in the energy sectors of the world, their achievements and shortcomings are highlighted on the basis of research by international organizations. The proposals and recommendations on the development of green energy sources in Uzbekistan are given.

In the article, the development of dualism in economic systems during the emergence of new relations of production and the state's policies and institutions during this period to ensure that they support and help new methods of production, dualism studied by several economists methodological problems specific to the financial system are studied. The author has studied how the dualistic financial system affects the emergence of crises and conflict situations in the economy, in particular, its negative impact on the stable improvement of product production, competitiveness and general economic well-being. The author has further strengthened his views on these relations with a comprehensive analysis of the financial literature, which is presented in the cross-section of countries and years. According to the results of the study, due to the review of the dualistic financial system, the authors consider important proposals for the existing problems of the economy. The article examines the economic relations of the formation, distribution and use of monetary funds in the dualistic financial system and emphasizes the effects of their use.

Gastronomy tourism, celebrated for its potential to showcase local culinary traditions and cultural diversity, faces a range of challenges that threaten its authenticity and sustainability. This article explores the multifaceted problems plaguing gastronomy tourism in Surkhandarya, ranging from overcommercialization and cultural appropriation to environmental sustainability concerns and economic disparities. Seasonality, supply chain issues, inadequate infrastructure, health and safety risks, and social impacts further compound these challenges. Nevertheless, there is a path forward, and this article offers a set of recommendations to address these issues and promote sustainable and responsible gastronomy tourism. By embracing these recommendations, the gastronomy tourism industry can not only overcome its problems but also thrive while preserving cultural heritage and benefiting local communities.

This article describes the essence, importance and theoretical foundations of international economic integration. In addition, the article presents the stages of development of international economic integration and its impact on the economy of countries are described.

This article discusses the ways of using Islamic banking services in commercial banks, analyzing their advantages and improving development prospects. The article also presents existing problems in the prospects for the development of methods of using Islamic banking services in the activities of commercial banks of the Republic of Uzbekistan, as well as the author’s approaches and proposals for eliminating them.

This article describes the future sources of financing of the target indicators in the implementation of the strategy of attracting foreign and domestic investments in our republic.

The study discusses the issues of encouraging the transition of informal businesses to the formal sector. Also, some features of the informal sector were studied, the advantages of the informal economy and recommendations on the transfer of informal business to the official one in Uzbekistan were formulated.

The article examines modern theoretical, methodological and practical aspects of sustainable development of regional agriculture. The patterns and principles of efficient production and market relations in agriculture are revealed, the trends in the development of regional agriculture are described on the basis of an economic and statistical analysis of the main indicators. Based on the identified trends in changes in the territory, directions for agricultural development have been determined. Proposals for the formation of directions and a mechanism for regulating the sustainability of agricultural development at the stage of economic modernization have been substantiated.

The article focuses on the study and analysis of articles written on the application of diversification of agricultural products in ensuring food security in developed and developing countries. Scientific articles and reports written in English on this topic have been selected and analyzed from the Google scholar platform, Scopus, and the journals included on the Web of Science database.

Analysis of the experience of foreign countries allows us to identify common trends and features that contribute to the successful development of regional economies and social structures. The study provides a basis for the development and implementation of effective strategies for the socio-economic development of national territories.

The paper, using the example of recent changes in the field of higher education in Uzbekistan, analyzes the main aspects of the procedures for financing higher education institutions during the period of massification of higher education observed throughout the world. Based on empirical analysis, the features of financing higher education during the period of massification are explained. The article reveals aspects that need to be paid attention to when financing higher educational institutions during the period of massification of higher education in Uzbekistan. Scientific conclusions and corresponding proposals are also provided for developing appropriate measures by evaluating them.

In this article, the nature, importance and theoretical foundations of the family takaful insurance system of Islamic finance are explained. Also, the periods of development of this system and its impact on the Malaysian economy are described.

The purpose of this article is to study the experience of the development of the Islamic financial system in Turkey, in particular, the history of the development of Islamic finance (participation finance), the formation of the infrastructure for the organization of Islamic financial services, the obstacles to the development of the Islamic financial system and the reforms carried out to overcome them, the development of this field is to examine the importance of contributing research institutions and analyze the practice of Islamic finance in the country. A quantitative approach has been used to achieve these goals. Moreover, directions of using Turkey's experience in Uzbekistan have been considered.

The article discusses the issues of increasing the socio-economic efficiency of the functioning of the dehkan market in the conditions of free economic management, taking into account the specific characteristics of the dehkan market to be analyzed and evaluated within the framework of active participation in the sphere of circulation, and also draws attention to the possibilities of the dehkan market for more effective regulation of commercial relations. the relationship between sellers and buyers of agricultural products, the most favorable conditions for the performance of these operations are given. taking into account current and strategic objectives.

Currently one of the important components and priority goals of the country's socio-economic policy management is the qualitative and effective socio-economic protection of the country's citizens. This article analyzes development of the insurance market, its role in our country, the activation of insurance processes, and the quality of insurance services, especially the state of insurance coverage by insurers, the position of insurance in the country, the insurance culture of the population and their trust in insurance and presents relevant proposals.

The article provides an in-depth study of best practices in the application of value added tax (VAT). Through an extensive literature review, case study analysis, and empirical evidence review, the research aims to identify and explain key principles that contribute to the effectiveness of VAT systems. The results of this study are intended to guide tax authorities and businesses in optimizing their approach to VAT.

The article is aimed at improving the monitoring and evaluation system to increase the effectiveness of tax incentives. At the end of the research work, the author formulated conclusions and suggestions.

This article justifies that the role of taxation, independent audit and internal control is important in improving the quality of financial reporting. Moreover, relevant conclusions have been developed at the end of the article.

The article discusses theoretical approaches to clusters, their necessity, as well as their positive and negative aspects using methods of system analysis and deduction, and also expresses the author’s position.

The article examines foreign and domestic literature to show the role of dividend policy of commercial banks in increasing the level of capitalization of banks and examines the advantages of a regular dividend policy. In particular, when studying the scientific views of researchers, a number of shortcomings and issues in the dividend policy of commercial banks were identified. Also, commercial banks are examined as active participants in the stock market, as well as financial data on dividends payout was investigated. Based on the research conducted, conclusions and practical recommendations have been formulated.

The article considers the methodological problems in determining the tax base for individuals. Explores the complexities facing tax authorities by analyzing legal frameworks, income classification, deductions and compliance. A comparative analysis of international standards and a look at future trends provide valuable insights for policymakers and tax professionals. To understand these problems, within the framework of the development of a fair and effective individual tax system, the researches of economists were studied, and conclusions and proposals were formulated.

This article covers large-scale reforms aimed at creating favorable conditions for conducting business activities in the country's tax spheres, and further strengthening the confidence of business circles. At the same time, some important reforms implemented in the tax system of Uzbekistan have been studied, and scientific and practical conclusions and proposals for the application of foreign experience in our country have been developed.

The article examines the issues of improving the performance of tax obligations through tax audits and draws conclusions at the end of the research.

The article analyzes the nature, tasks, functions and methods of strategic management accounting in economic entities. Scientific conclusions and proposals are given on the important aspects that determine the essence of strategic management accounting.

This article examines the efficiency indicators of receiving and processing state statistical reporting through the information system. The state of the processes for receiving and processing state statistical reporting was studied, along with this, a number of factors for the functional good functioning of the developed statistical information systems were studied, conclusions and proposals were developed.

This article discusses the issues of effective use of financial instruments to reduce the share of the shadow economy in the country in recent years, as well as the implementation of measures to eliminate conditions and violations that contribute to the secret economy, through the use of tax administration tools developed by tax authorities. In addition, the article analyzes the timely disclosure of tax evasion schemes, develops tax scientific and practical conclusions and proposals to reduce costs associated with ineffective methods of administration, further optimize the structure of tax authorities by centralizing individual functions, increase the efficiency of tax administration, conduct field research research and eliminate contradictions in legislation.

This article analyzes the volume of secondary trading in government securities by year. The problems associated with the development of government securities in our country are also described. At the same time, scientific and methodological proposals for the development of the government securities market are presented.

In this article, the auditing methods and procedures used in the internal audit of tangible assets in higher education institutions, in particular, the content of the inventory method used in this process, the characteristics of the inventory method, and the relevance of conducting research in this field are revealed. In the "discussion" part of the article, the opinions expressed by the economists who conducted scientific research on this topic, their scientific views, and the aspects of their opinions different from the author's scientific ideas are highlighted on the basis of theoretical opinions. In this, the sources reflecting the ideas of each economist who conducted research on the topic of the article are reflected in detail.

This article considers progress in the performance of the tasks specified in the Resolution No. 4611 of the President of the Republic of Uzbekistan dated February 24, 2020 "On additional measures for the transition to International Standards of Financial Reporting", and the implementation of curricula and programs in the field of "Accounting and auditing" in higher education according to international financial reporting standards. The work carried out on the coordination of IFRS, including the updated topics included in the program of the subject of "financial accounting", accreditation requirements are described. In addition to the achievements, there are proposals to accelerate the activities of professional organizations, to recommend methodological work based on the IFRS, to strengthen cooperation with practice, to involve practitioners in the development of case studies and sets of issues.

This article analyzes the implementation of the goals set in the development strategy of New Uzbekistan for 2022-2026 and the "UZBEKISTAN-2030" strategy. At the same time, analyzes are given about increasing the income of the population and reducing poverty, and achieving economic growth by equipping industrial enterprises with modern technologies.

This article describes the importance, necessity, essence and theoretical foundations of the development of private entrepreneurship based on public-private partnerships, as well as the scientific and theoretical methodology for the development of private entrepreneurship based on public-private partnerships in Brazil, China and South Africa.

The article studies formation of banking services, their role in the financial services market are theoretically studied in the article. Independent approaches to the scientific views of foreign and domestic scientists have been developed. Specific aspects of the innovative approach to the introduction of banking services are systematized. The principles that should be taken into account in the creation of banking services have been developed. Based on the principles, scientific proposals and recommendations aimed at the development of banking services have been developed.

Factors determining the well-being of the population are systematized in the article. Independent approaches have been developed in relation to the views of foreign scientists on tangible and intangible indicators that determine the well-being of life. In social protection of the population, the financial policy of the state and the priority aspects of its implementation were researched, and scientific recommendations aimed at its improvementhave been developed.

The article discusses the issues of the current state and problems of the activities of JSC Uzbekistan from the point of view of the formation and efficient use of financial resources, the requirements for the need for theoretical and methodological justification for the problems of diagnosing and classifying external and internal threats, principles, methods, mechanisms and tools for managing financial resources.

This article is devoted to the analysis of large-scale reforms inorganization of production activities at the enterprises of the silk industry, as well as the analysis of financial performance indicators.

This article discusses the problems of making adjustments to the value added tax base, including when returning goods in whole or in part, when changing the terms of the transaction, when changing prices, when the buyer uses a discount, when work is completed and when services are deferred. Based on the results of the study, appropriate proposals have been developed.

Due to government backing of the anti-financial crisis policy, state-owned enterprises successfully upheld their financial stability and navigated their way out of the crisis. We analyzed the crisis management abilities of specific state-owned companies in Uzbekistan, assessing the degree of financial strain they encountered. A new relative solvency model of Enyi was implemented to evaluate four strategically significant state enterprises operating in Uzbekistan.

The reforms being implemented today increase the responsibility of local governments for the timely financing of priority expenses and activities for the socio-economic development of regions, do not implement activities with unclear sources, and also contribute to the further tightening of budget discipline, budget revenues and expenditures. forecasts of its deficit, sources of financing the deficit. Requires improvement of information about the main directions of fiscal policy, analysis of macro-fiscal risks and public debt.

In this article, as a result of studying the foreign experience of the development of the tax consulting institute, the issues of improving the legal basis of the activity of tax consultants in our country were studied, the theoretical and organizational forms of tax consulting, legal organization and the importance of economic development were studied in depth. Also, the trend of the development of the tax consulting institute in our country and its current state were analyzed on the basis of accurate data.

This article examines the improvement of the calculation of direct taxes, its socio-economic significance, theoretical-legal issues and the opinions of economists. The calculation of direct taxes was analyzed and conclusions and proposals for improvement were developed.

This article covers the issues of organizing audit activities in the digital economy. It is also explained that there will be big changes in the theoretical issues of audit, its practice, method and auditing process in the conditions of digitization of the economy.

This article highlights the importance of accounting policies in the organization of accounting work and financial reporting in business entities. The article clarifies the goals set by the management of an economic entity when forming accounting policies. As a result of the study, recommendations were developed for the use of international financial reporting standards in the formation of accounting policies.

Selection of modern management personnel and assessment of leadership potential is one of the highest goals of our state, building a democratic state based on the rule of law, civil society, development and liberalization of various spheres of life. Today it is also a requirement that he pay attention to his teacher, spirituality and competence, as well as encourage increased public control over the activities of leadership personnel. Leadership cadres mobilize society, awaken existing creative forces in people, and develop socio-economic life.