DRIVING ECONOMIC MODERNIZATION IN CENTRAL ASIA: THE STRATEGIC ROLE OF INNOVATIVE INVESTMENTS
DOI:
https://doi.org/10.65164/kv58e072Ключевые слова:
economic modernization, innovative investments, Central Asia, foreign direct investment, technology transfer, digital transformation, green economy, regional cooperation.Аннотация
This thesis examines the strategic role of innovative investments in driving economic modernization across the five Central Asian republics — Uzbekistan, Kazakhstan, Kyrgyzstan, Tajikistan, and Turkmenistan. Drawing on macroeconomic data and policy reforms implemented between 2020 and 2025, the paper analyses how innovation-oriented capital allocation has reshaped sectoral productivity, technology absorption, and export competitiveness in the region. The study argues that innovative investments — particularly those targeting digital infrastructure, renewable energy, advanced manufacturing, and human capital — constitute a critical lever for transforming the region's resource-dependent growth model into a more diversified, knowledge-based system. The paper concludes with policy recommendations for governments and multilateral partners aimed at strengthening absorptive capacity, regulatory quality, and regional cooperation mechanisms required to sustain innovation-led development.
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