THE ROLE OF INDUSTRIAL POLICY IN ENHANCING EXPORT POTENTIAL: STRATEGIC APPROACHES AND THE EXPERIENCE OF UZBEKISTAN

Industrial policy serves as a cornerstone for economic transformation in developing countries, offering a deliberate framework through which governments can guide structural change, nurture competitive industries, and integrate more deeply into global value chains. In the context of globalization—where technological innovation, shifting consumer preferences, and complex trade relationships continually reshape market access—relying solely on market forces often leaves rising economies vulnerable to commodity price volatility and external shocks. For Uzbekistan, with its rich historical legacy as a Silk Road crossroads and abundant natural endowments, an astutely crafted industrial policy has become the vehicle for moving beyond traditional raw material exports toward higher value manufactured goods.