FORMATION OF PRODUCTION GROWTH POINTS ON THE BASIS OF MINERAL - RAW MATERIAL RESOURCES AS A FACTOR OF IMPROVEMENT OF THE TERRITORIAL STRUCTURE OF THE INDUSTRY OF THE REPUBLIC OF KARAKALPAKSTAN

Keywords: Point of Growth, Industry, Mineral-raw Material Resources, Economy, Structure, Territory, Region, Production

Abstract

The use of mineral resources plays an important role in the global economy. “As noted in the British newspaper“ Financial Times ”, this sector ranks 1st in the world in terms of capitalization of the largest companies, including mining itself (excluding oil and gas) - 5th place among global industries after the banking sector, oil and gas industry, pharmaceutical and computer industries"(Kondratyev, 2014). In the developed and rapidly developing countries of the world, industrial growth is achieved through the effective use of the local potential of natural resources, improvement of the structural composition of the industry. According to the World Bank, in 2018 the share of mineral resources in GDP was 0,9 percent in Canada, 3,5 percent in Australia and 2,5 percent in Brazil, while in Uzbekistan the figure was 12,3 percent (Saydaxmedov, 2020).

Many large scientific centers around the world are working on changing the methodology for the economic assessment of mineral resources, taking into account the regional economy, new economic geography, changes in the subjects of the institutional economy and the growth of knowledge that has occurred in recent years. Much attention is paid to the use of socio-economic indicators along with technical and economic indicators in assessing the mineral resource base. Consequently, due to the development of mineral resources, opportunities arise for creating new jobs, increasing the income of the population, introducing innovative ideas and technologies in practice, and creating a competitive environment in the economy. Therefore, the study of problems in this area in connection with the social sphere and institutions acquires the necessary scientific significance.

The article discusses the formation of points of production growth. The main directions of the formation of points of production growth based on mineral-raw material resources are being studied. The distribution of mineral-raw material resources by zones of Karakalpakstan is investigated. In addition, the article talks about the specific features of the formation of reference points of growth. The stages of the formation of growth support points based on the local mineral-raw material resources of Karakalpakstan in 2020-2030 are also considered.

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Author Biographies

Baxtiyar Ruzmetov, Urgench State University, 14, X.Alimjon str., Urgench, 220100, Uzbekistan

Professor, Doctor of Economic Sciences

Uktamjon Yeshimbetov, Nukus State Pedagogical Institute, 104, Seyitova str., Nukus, 230100, Uzbekistan

Senior lecturer, PhD in Economics

Kamoliddin Jabbarov, National University of Uzbekistan, 4, University str., Tashkent, 100174, Uzbekistan

Associate professor, PhD in Economics

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Published
2021-12-31
How to Cite
Ruzmetov, B., Yeshimbetov, U., & Jabbarov, K. (2021). FORMATION OF PRODUCTION GROWTH POINTS ON THE BASIS OF MINERAL - RAW MATERIAL RESOURCES AS A FACTOR OF IMPROVEMENT OF THE TERRITORIAL STRUCTURE OF THE INDUSTRY OF THE REPUBLIC OF KARAKALPAKSTAN. Social Economics, (62), 31-40. https://doi.org/10.26565/2524-2547-2021-62-03
Section
ECONOMICS