MUTATIONAL TRANSFORMATION OF THE FINANCIAL AND REAL SECTORS IN THE REPUBLIC OF UZBEKISTAN: INSTITUTIONAL ASYMMETRY AND DEVELOPMENT CHALLENGES
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Abstract
The sustainable interaction between the financial sector and the real sector is a critical prerequisite for long-term economic growth. In recent years, the Republic of Uzbekistan has experienced accelerated financial sector expansion alongside structural transformations in the real sector. This paper investigates the mutational transformation of financial–real sector relations, characterized by growing institutional asymmetry and functional divergence. Using an institutional and systemic analytical framework, the study identifies key mutation mechanisms, evaluates their economic implications, and proposes policy-oriented recommendations aimed at restoring functional balance and enhancing productive efficiency.
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References
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