THE IMPACT OF EFFECTIVE UTILIZATION OF LABOR POTENTIAL ON THE SUSTAINABLE ECONOMIC DEVELOPMENT OF A REGION (A case study of the Khorezm region)
DOI:
https://doi.org/10.5281/zenodo.20770415Keywords:
labour potential, sustainable development, regional economy, employment, labour productivity, Khorezm region, employment policy, economic growth, human capital, labour resources.Abstract
This article examines the impact of the effective utilisation of labour potential on the sustainable
economic development of a region, using the Khorezm region of Uzbekistan as a case study. The study aims
to analyse the composition of labour resources, the level of employment, and labour productivity in the region,
as well as to identify existing problems.
The author substantiates the critical role of education quality, the vocational guidance system, and the
investment climate in developing labour potential. The research identifies a high dependence on agriculture
and a low level of employment in modern industrial sectors within the labour structure of the Khorezm region.
The results indicate that the effective management of labour potential has a direct positive impact on the growth
of regional gross regional product (GRP).
To address these problems, a comprehensive set of measures aimed at workforce training, the development
of the digital economy, and the promotion of small business is proposed. The scientific novelty of this research
lies in the quantitative assessment of the relationship between labour potential and sustainable development
specifically for the Khorezm region.
References
United Nations. Transforming Our World: The 2030 Agenda for Sustainable Development. – New York:
United Nations, 2015.
Sachs J. D. The Age of Sustainable Development. – New York: Columbia University Press, 2015. DOI:
https://doi.org/10.7312/sach17314.
Statistics Agency of the Republic of Uzbekistan. Statistical Compilation by Regions of the Republic of
Uzbekistan 2023. – Tashkent: Statistics Agency, 2024.
Ministry of Employment and Labor Relations. Results of the 2023 Labor Market Monitoring. – Tashkent:
Ministry of Employment Press, 2024.
Schultz T. W. Investment in Human Capital // The American Economic Review. – 1961. – Vol. 51, No. 1. –
P. 1–17.
Becker G. S. Human Capital: A Theoretical and Empirical Analysis, with Special Reference to Education.
– Chicago: University of Chicago Press, 1964.
Denison E. F. The Sources of Economic Growth in the United States and the Alternatives Before Us. – New
York: Committee for Economic Development, 1962.
Acemoglu D., Robinson J. A. Why Nations Fail: The Origins of Power, Prosperity, and Poverty. – New York:
Crown Publishers, 2012.
Lucas R. E. On the Mechanics of Economic Development // Journal of Monetary Economics. – 1988. – Vol.
, No. 1. – P. 3–42. DOI: https://doi.org/10.1016/0304-3932(88)90168-7.
Krugman P. Geography and Trade. – Cambridge: MIT Press, 1991.
Fujita M., Krugman P., Venables A. J. The Spatial Economy: Cities, Regions, and International Trade. –
Cambridge: MIT Press, 1999.
Iontsev V. A. International Migration of Population: Theory and History of Study. – Moscow: Moscow
University, 2019.
Ryazantsev S. V. Labor Migration in the CIS: Social and Economic Consequences. – Moscow: ISPI, 2020.
Vahobov A. V., Malikov T. S. Economic Reforms and the Labor Market in Uzbekistan. – Tashkent: Iqtisod-
Moliya Publishing House, 2021.
Shodmonov Sh. Sh., Alimov R. X. Problems of Ensuring Employment in the Regional Economy // Uzbekistan
Economic Journal. – 2022. – No. 3. – P. 45–58.
Jalolov N. X., Tursunov B. O. The Role of State Regulation in Labor Market Development. – Tashkent:
TSUE, 2020.
Haydarov A. R. Economic Mechanisms for Increasing Employment in Rural Areas (Based on the Regions
of Uzbekistan): Doctor of Economic Sciences (DSc) Dissertation. – Tashkent, 2023.
Yusupov B. M. Assessment of the Economic Potential of the Khorezm Region and Prospects for Its
Development // Economics and Innovative Technologies. – 2022. – No. 5. – P. 112–124.
Mirzaev O. T. Regional Manifestations of Hidden Unemployment and Measures to Reduce It // Uzbekistan
Labor Market Journal. – 2023. – No. 2. – P. 33–47.
Khorezm Regional Administration. Results of the Socio-Economic Development of the Khorezm Region in
– Urgench: Regional Administration Information Service, 2024.
Kholmatov D. M. Adapting the Education System to Labor Market Requirements in the Context of the
Transition to a Digital Economy // Pedagogy and Psychology. – 2022. – No. 4. – P. 67–79.
Abdullayev S. I. Socio-Economic Consequences of International Labor Migration from Uzbekistan //
Demography and Population Studies. – 2023. – No. 1. – P. 18–32.
World Bank. Uzbekistan: Labor Market Assessment and Skills Development. – Washington, D.C.: World
Bank Group, 2023.
Downloads
Published
Issue
Section
License
Copyright (c) 2026 ECONOSCITECH INTEGRATION
This work is licensed under a Creative Commons Attribution 4.0 International License.
