A NEW STAGE IN THE APPLICATION OF MARKET MECHANISMS TO ENTREPRENEURIAL ACTIVITY

A NEW STAGE IN THE APPLICATION OF MARKET MECHANISMS TO ENTREPRENEURIAL ACTIVITY

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  • Ibrayim Maxkamov

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https://doi.org/10.5281/zenodo.17387135

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sector, cluster, global economy, innovation economy, cotton raw material producers, processing enterprises, entrepreneurship, specialization, employment, technopolis, technopark, integration, export, competitiveness

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This article examines the emerging stage in the application of market mechanisms to the activities of
entrepreneurial entities, focusing on the experience of economically developed foreign countries. It highlights how
cluster-based development models, which have demonstrated tangible positive outcomes in practice, play a crucial role
in ensuring sustainable economic growth and enhancing innovation-driven competitiveness. The growing significance of
clusters in the production of competitive goods is emphasized as a vital factor in achieving long-term economic stability.
Furthermore, the article provides a theoretical analysis of the characteristics and development patterns of cotton-textile
clusters established within Uzbekistan’s agricultural sector. In the context of intensified efforts to support small business
and private entrepreneurship, particular attention is given to how these clusters contribute to increasing value-added
production, improving employment opportunities, and strengthening integration between agricultural producers and
processing enterprises. The study also outlines the potential of such cluster structures to foster specialization, stimulate
technological modernization, and expand the export capacity of the national economy.

Биография автора

Ibrayim Maxkamov


Namangan State Technical University
Associate Professor of the Department of “Economic Theory”

Библиографические ссылки

Mirziyoyev, Sh. M. (2023, August 18). Speech at the Open Dialogue with Entrepreneurs of Uzbekistan. Tashkent:

Presidential Press Service of the Republic of Uzbekistan.

Presidential Decree of the Republic of Uzbekistan No. PF–193. (2023, November 10). On measures to improve the

system of financial support for small and medium-sized businesses. Tashkent.

Presidential Decree of the Republic of Uzbekistan. (2025, January 17). On consistent continuation of applying market

mechanisms in cotton production and sales. Tashkent.

Porter, M. E. (1998). Clusters and the New Economics of Competition. Harvard Business Review, 76(6), 77–90.

Ganiev, B., & Mukhamedov, A. Cluster Policy in Uzbekistan: Challenges and Prospects for Agricultural Modernization.

Journal of Central Asian Studies, 18(2), 45–59. 2021.

Khudayberdiev, O. Methodological Aspects of Market Mechanisms in the Development of Entrepreneurship in

Uzbekistan. Economic Bulletin of Namangan Institute of Engineering and Technology, 3(1), 56–68. 2024.

Abdurakhmanov, Q. H., & Yuldashev, M. M. Innovative Approaches to the Development of Agricultural Clusters in

Uzbekistan. Economics and Education, 33(4), 72–83. 2022

Karimov, A. A., & Turaev, B. B. The Role of Cluster Policy in Enhancing the Efficiency of Agro-Industrial Production in

Uzbekistan. Journal of Economic Research and Reform, 4(2), 45–59. 2022

Загрузки

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2025-10-01
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