Assessing anti-inflation policy in Uzbekistan ……………………….. 26
Conclusion……………………………………………………………….......... 33
List of used literature………………………………………………..……….. 35
Introduction
Given the deepening process of integration of our economy into the world economy and economic-financial system, there is no need to talk about the global financial crisis and its consequences. This effect is reflected in the sharp decline in world demand and prices in general, and in relation to important types of products exported by our country, as well as in the activities of leading export-oriented industries and related enterprises. This has a negative impact on the balanced and efficient development of our economy as a whole, creates many problems in the implementation of planned projects, the achievement of our goals.
Reducing inflation to 5 percent is the biggest challenge facing the government. This was stated by President Shavkat Mirziyoyev at a joint session of the Oliy Majlis on January 21, 2020. "Reducing inflation to 5 percent is the biggest issue," he said. People will not agree with us if we do not reduce inflation to 5% in the next five years. This is a very important, very sensitive issue that people who understand economics understand well.
For years, we ignored inflation. Everything was wrong. If you ask why, we have never considered prices. "
History has shown that this word is dangerous in every way.
Inflation is not only an increase in the price of goods and services in a particular market, it is a dangerous phenomenon for the economy as a whole. The economic meaning of the word inflation is to emission more money than the goods and services in circulation their values.
The end of inflation in the economy leads to an increase in commodity prices, the emergence of unsatisfied but partially repayable demand. This type of inflation is commonly referred to as classical inflation. Inflation has become a frequent trend in recent years, and its quality is changing.
The reason for this is that current inflation: firstly, to a steady rise in prices; secondly, it leads to the failure of the general economic mechanism as a result of violation of the law of money circulation.
The main cause of inflation in the twentieth century is not only the shortage of goods, but also the existence of crises in production and processing.
Current inflation is, firstly, a violation of the law of money circulation as a result of the demand for money exceeding the supply of goods; second; is characterized by an increase in the price of goods as a result of an increase in the share of production costs and, consequently, an increase in the money supply.
The main cause of inflation is the imbalance between different sectors of the national economy. This is primarily between savings and consumption, between supply and demand, between government revenues and expenditures, the money supply and household demand for cash imbalances between. Depending on the factors that cause inflation, its causes can be divided into internal and external causes.
Internal factors of inflation are divided into types related to monetary policy and economic activity.
External factors of inflation include crises in the world economy (raw materials, fuel, currency), the state's monetary policy, the state's illegal transactions with other countries, and so on.
In short, the general or continuous increase in the price of goods and services due to disproportions in the development of social production and the consequent violation of the law of money circulation, resulting in the devaluation of the currency, is called inflation.
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