Central Asian Journal of Innovations on Tourism Management and Finance

Comprehensive Development Of Labor Resources In A Changing Environment

Boltaboev Dilmurod — Tue, 15 Jul 2025 03:29:41 +0000

The article thoroughly analyzes the theoretical foundations and practical mechanisms for the comprehensive development of labor resources in the context of a changing external environment. Globalization, digitalization, technological, and innovative changes occurring in contemporary economic systems are disrupting existing labor market balances and necessitating new approaches to labor resource development. From this perspective, the article comprehensively investigates the external and internal factors influencing the qualitative and quantitative development of labor resources, examining their interconnections through a systematic approach. Using Uzbekistan as a case study, the author scientifically analyzes specific challenges affecting labor resource development, such as vocational training levels, shortage of qualified personnel, interregional disparities, and labor market supply-demand imbalances. The article clearly identifies the causes and consequences of these issues and develops practical recommendations for effective labor resource management. The comprehensive measures proposed by the author aim to transform labor resources into high-quality human capital, enhance their competitiveness in the labor market, increase adaptability, and sustain economic stability. Additionally, the article provides specific proposals and recommendations for improving state policy, strengthening the regulatory framework, and developing practical mechanisms for comprehensive labor resource development. The article’s findings can serve as a theoretical and practical resource for state and local governance bodies, labor market stakeholders, and researchers in the field of economics.

Problems of Ensuring Profitability in Commercial Banks

Sheraliyev Abbos Kholmuminovich — Wed, 16 Jul 2025 14:21:34 +0000

Profitability is a key indicator of financial stability and sustainable growth for commercial banks. In the context of Uzbekistan’s ongoing financial sector reforms, maintaining a stable return on assets and net interest margin has become increasingly important. This article investigates the main challenges faced by commercial banks in achieving profitability, including the management of non-performing loans, the effectiveness of reserve provisioning, and the impact of interest income structures. By analyzing statistical data from both domestic and international banks, such as Asakabank, Aloqabank, and Bank of America, the study provides practical recommendations to improve credit portfolio quality, enhance risk management systems, and optimize income-expense ratios. The findings emphasize the need for strategic reforms that ensure the proportional growth of net profits and risk-weighted assets, while aligning with international standards for banking profitability.

Evaluating the Impact of Financial Technology on Banking Sector Performance An Applied Study of a Sample of Iraqi Banks

Balsam Hussain Raheef, Dr.Lawhedh Khaleel Ibrahim — Thu, 17 Jul 2025 21:55:33 +0000

The current research aims to demonstrate the impact of financial technology on Iraqi banks, with dimensions including digital financial services, cybersecurity, and financial innovation, and its effect on the performance of the banking sector, encompassing profitability, operational efficiency, financial stability, and growth. In a sector where keeping pace with technology is one of the most critical elements for its sustainability and success, the research is based on the main hypothesis that "there is a significant and statistically significant impact relationship of financial technology requirements on banking performance." The descriptive, historical, analytical, quantitative, and statistical methods were used, with the questionnaire serving as the primary data collection tool. The sample consisted of 75 individuals in positions such as authorized manager, deputy authorized manager, department director, section director, deputy section director, branch officer, and unit officer. The SPSS statistical program was employed to calculate the mean, standard deviation, coefficient of variation, F-test, R2 determination coefficient, X2 test, and T-test. These results emphasize the importance of banks adopting financial technology in all its dimensions to achieve better banking performance, with a particular focus on financial innovation as a key factor in enhancing competitiveness. The research is divided into four sections: The first section focuses on the research methodology, while the second section covers the fundamental concepts of the research. The third section is dedicated to analyzing the research results and testing its hypotheses, and the fourth section highlights the most important conclusions and recommendations derived from the research.

Financing Higher Education: Insights from Global Practices

Karlibaeva Gulshat — Fri, 18 Jul 2025 05:23:44 +0000

The financing of higher education has undergone significant transformation globally, shifting from predominantly public funding to diversified sources including private contributions and endowment funds. Countries such as the USA, UK, Canada, and Australia have established models combining public and extrabudgetary resources, influencing developing nations like Uzbekistan and Kazakhstan. Despite growing interest in financing reforms, limited comparative studies exist on the structural composition and strategic integration of endowment funds and extrabudgetary mechanisms in Central Asian contexts. This study aims to analyze international best practices in higher education financing, with a focus on endowment fund structures, budget allocation models, and the applicability of these frameworks in Uzbekistan. The research reveals that countries with strong endowment systems (e.g., Harvard, Yale, Stanford) leverage alumni donations and investment returns to cover up to 35% of their budgets. In comparison, Uzbekistan is transitioning toward financial autonomy and increased engagement with international donors, introducing dual education models and entrepreneurial finance mechanisms. The novelty of the study lies in its cross-country comparative perspective, highlighting the diversification of funding mechanisms, and proposing structured endowment strategies for Uzbekistan’s higher education sector. The findings underscore the strategic role of endowment funds in sustaining university innovation, quality, and autonomy. Policymakers in Uzbekistan and similar economies can benefit from adopting legal and institutional frameworks that facilitate endowment growth and financial independence in public universities.

Statistical And Mathematical Analysis Of Economic Efficiency Indicators

Umirova Gulmira Shodiboy Kizi — Fri, 18 Jul 2025 00:00:00 +0000

This article examines methods for assessing the level of economic efficiency and approaches to analyzing them. The main focus is on determining the level of economic efficiency of construction industry enterprises. The article analyzes the problems encountered in identifying these levels and provides suggestions for addressing them. The system of indicators used in evaluating the economic condition of construction enterprises is examined, and practical methods for determining efficiency are substantiated. As a result, scientific and methodological recommendations are developed to serve in increasing the level of efficiency. Additionally, the possibilities of using information systems in assessing economic efficiency are explored. The research findings are of significant importance in developing strategies to enhance economic efficiency for enterprises operating in the construction industry.

Mechanisms of Using Digital Monitoring and Real-Time Observation Systems in Improving The Methodology of Assessing Green Economy

Tashboyev Bekzod Bakhtiyorovich — Fri, 18 Jul 2025 22:49:50 +0000

The transition to a green economy has become a global imperative, with growing emphasis on sustainability, environmental protection, and the rational use of resources. Traditional statistical methods are increasingly inadequate for capturing real-time dynamics essential for assessing green economic growth. Uzbekistan has initiated reforms under the “Green Space” strategy, promoting ecological clusters, renewable energy, and sustainable practices. However, the country's methodology for evaluating green growth lacks integration of modern digital technologies. While many advanced economies apply IoT, AI, and GIS tools for green monitoring, Uzbekistan’s current systems remain in early developmental stages and require scientific substantiation and local adaptation. This study aims to develop a methodology for applying digital monitoring and real-time observation systems to assess green economic growth in Uzbekistan, drawing from international best practices. Analysis of pilot projects in regions such as Jizzakh, Kashkadarya, and Tashkent (2020–2024) revealed that digital monitoring increased water use efficiency by 12–18%, improved waste utilization by 25%, and enhanced environmental and economic efficiency by 1.4 times through reduced CO₂ emissions and biofertilizer production. The research proposes a comprehensive mechanism combining digital environmental monitoring, AI-based analysis, GIS visualization, and blockchain-secured data for real-time, transparent, and accurate assessment. Implementation of these systems will significantly enhance the reliability of green indicators, facilitate informed decision-making, and contribute to achieving Uzbekistan’s sustainable development goals through effective integration of public-private initiatives and digital infrastructure investment.

Analysis of The Economic Potential of Using Natural Tourist Resources in The Regions

Rabbimov Mukhriddin Musoqul Ugli — Fri, 18 Jul 2025 22:55:24 +0000

This article provides an in-depth analysis of the state of use of natural tourist resources in the Samarkand region and strategies for their effective development. The possibilities of developing ecotourism, health tourism and adventure tourism based on the existing ecological, geological, hydrological and landscape resources in the region are considered. Also, proposals are put forward based on strategic approaches developed on the basis of digital technologies, ecological balance and the principles of sustainable tourism. As a result of the analysis, it is necessary to create an econometric model necessary for predicting the tourist potential of the region and use the model to predict all indicators in the tourism sector of the region.

Analysis of the Factors Influencing the Development of Nostalgic Tourism in Samarkand

Asadova Aziza Olimjonovna — Sat, 19 Jul 2025 07:03:58 +0000

This study investigates the potential of developing nostalgic tourism in Samarkand by analyzing the socio-economic, historical, and emotional factors that influence this emerging tourism segment. Based on panel regression analysis covering data from 2016 to 2024 and 39 foreign countries, the study identifies key determinants of nostalgia-driven travel flows. Factors such as trade volume (imports and exports), population ties, unemployment levels, price sensitivity, service quality, historical colonial links, religious affiliation, and internet access all show significant influence. The findings suggest that countries with stronger economic and historical ties to Samarkand are more likely to generate higher volumes of nostalgic tourists. Moreover, practical recommendations include designing specialized travel routes, integrating digital platforms such as interactive maps and AR tools, and tailoring services to the emotional and cultural needs of the diaspora. This research contributes to the academic understanding of nostalgic tourism and provides strategic insights for sustainable destination development in Samarkand.

Management Systems of Organic Vegetable Enterprises in Uzbekistan: Characteristics, Challenges, and Modern Approaches

Gavkharoy N. Sadikova — Fri, 25 Jul 2025 15:39:56 +0000

This article provides a comprehensive analysis of the specific characteristics and contemporary approaches to the management systems of enterprises engaged in organic vegetable production. The research explores key aspects such as management principles, risk mitigation strategies, resource use efficiency, and environmental certification requirements, all examined through environmental, economic, and social lenses. The article compares organic and conventional management models—highlighting differences in strategic planning, financial operations, marketing practices, and risk reduction mechanisms—within the context of opportunities and challenges unique to Uzbekistan. Particular attention is given to innovative solutions for managing organic enterprises, including the implementation of agro-clusters, digital marketing, international certification systems, and environmental compliance, all of which are substantiated with practical evidence.