ECONOMIC MODERNIZATION IS THE WAY AWAY DUMMY TO REAL ECONOMY

REFAT SEYTMURATOV

Abstract


The paper is dedicated to analysis of economic modernization on the base of innovations to reach high living standard on the ground productivity increasing. Resource productivity is the most important indicator of economic effectiveness. Economic modernization is the most effective way to productivity increasing and overcome the global financial-economic crisis, because it provides to construct real economy, but no dummy one. Moreover, key reason of the world financial-economic crisis is over reflection, but not overproduction.  

Keywords


Analysis, sustainable economic development, reform, modernization, innovation, investment,

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References


Karimov I., 2009. The Global Financial-Economic Crisis, Ways and Measures to Overcome it in the Conditions of Uzbekistan, Tashkent, Uzbekistan, pp. 21-22, 33. – 48 p.

Mankiw, N.Gregory, 1992. Macroeconomics, Harvard University, Worth Publishers Inc., New York.

Scott Sink, D., 1985. Productivity Management: Planning, Measurement and Evaluation, Control and Improvement. John Wiley & Sons, Inc. ISBN 0-471-89176-2, pp. 7-35.

Uzbekistan Statistic Outlook 2009, 2010, pp. 38-41.




DOI: http://dx.doi.org/10.12955/ejbe.v1i0.87

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