The Transition from raw material into high value added production

Abstract

Market economy has always promoted specialization on particular sector, industry and production where the most efficiency can be achieved so that all participants could be better off. In this work, it is assumed that Uzbekistan is highly competent and has comparative advantage in the development of textile industry based on the factors that make up the manufacture of textiles. Every input necessary for textile production is analyzed, and impediments that are constraining the potential of the sector development are investigated. Through thorough consideration of major direct and indirect factors for processing cotton fiber into ready-made goods in order to make high value for the economy, it can be concluded that Uzbekistan possesses great potential for successful clothing industry providing the maintenance of proper opportunities, business climate and utmost measures.