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2022

INSTITUTIONAL ASPECTS OF SPECIALIZATION IN THE ECONOMIC INTEGRATION OF CENTRAL ASIAN COUNTRIES IN MODERN CONDITIONS

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Authors: Sadriddinov Manuchehr Islomiddinovich - Сandidate of Economic Sciences, Head of the Branch of the Institute of tourism, entrepreneurship and service in the city of Khujand Sughd region. Republic of Tajikistan, Khujand city

 

JOURNAL NUMBER: 2(61). YEAR OF ISSUE: 2022. LANGUAGE OF THE ARTICLE: Tajik

 

ANNOTATION

The article examines the theoretical and methodological aspects of economic integration based on institutional aspects. It is noted that economic integration, along with economic impact factors, can also be created on the basis of non-economic factors. As a mechanism for the implementation of economic integration, an institutional framework is proposed that will contribute to the formation and development of economic relations between the countries of Central Asia at the expense of institutional components, such as traditions, customs in society, norms of behavior, and thereby optimizes the economic activity of economic entities. The article also notes that the sustainable economic growth of the socio-economic situation of the economies of the Central Asian countries depends on the promotion of economic relations, the increase in productive forces, types of specialization, diversification of production, combination, cooperation and integration at the regional level. The main idea of the article is that the institutional support of economic integration at the regional level shows that in the space of the studied region, the activities of institutions, organizations, institutions, organizational and legal support of economic integration, state and interstate agencies and the institutional support system are not identical and the mechanism of managerial decision-making and cooperation differ.

 

 

KEY WORDS

institutionalism, economic integration, integration processes, regional economy, Central Asia, Republic of Tajikistan, economic potential.