Foreign Experience In The Transformation Of The Chemical Industry And Its Practical Significance

This article explores the transformation of the chemical industry in developed nations and its implications for Uzbekistan. Despite extensive research on this subject, a knowledge gap exists in understanding how these transformations can be adapted to the Uzbek context. The study uses a comparative analysis of international case studies and Uzbekistan’s industrial policies, focusing on key metrics like asset profitability, innovation, and financial stability. Findings reveal that adopting international practices can significantly enhance efficiency and profitability in Uzbekistan's chemical sector. The results have critical implications for policymakers, highlighting strategies for integrating global expertise into domestic industry practices.

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Publication Details

Journal
American Journal of Economics and Business Management
Published
2024-09-13
DOI
https://doi.org/10.31150/ajebm.v7i9.2926
Primary Topic
Chemistry and Chemical Engineering
Type
article
Field-Weighted Citation Impact
0.00
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article

Foreign Experience In The Transformation Of The Chemical Industry And Its Practical Significance

Botir Sokhibov
American Journal of Economics and Business Management
Chemistry and Chemical Engineering
article

Foreign Experience In The Transformation Of The Chemical Industry And Its Practical Significance

Botir Sokhibov
article en

Abstract

This article explores the transformation of the chemical industry in developed nations and its implications for Uzbekistan. Despite extensive research on this subject, a knowledge gap exists in understanding how these transformations can be adapted to the Uzbek context. The study uses a comparative analysis of international case studies and Uzbekistan’s industrial policies, focusing on key metrics like asset profitability, innovation, and financial stability. Findings reveal that adopting international practices can significantly enhance efficiency and profitability in Uzbekistan's chemical sector. The results have critical implications for policymakers, highlighting strategies for integrating global expertise into domestic industry practices.

American Journal of Economics and Business ManagementVol. 7(9)
Association of State and Territorial Health Officials (US)
Openalex Percentile: Top 87%
Chemistry and Chemical Engineering
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