Uzbekistan's Industrial Transformation Boosts Economy, Reduces Reliance on Cotton
Industrial policy played a crucial role in Uzbekistan's economic growth by shifting focus from cotton to manufacturing. The government supported heavy industries like automotive and chemicals, leading to self-sufficiency in grain and becoming a fuel exporter. Measures like tax incentives, state orders, and welcoming foreign investment helped in industrial restructuring. This success can guide other developing countries in achieving economic development through government intervention.