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Theoretical Approaches to Structural Modernization of the Economy and the Role of the Financial Sector

Year: 2026

Type: article

Abstract: The article examines theoretical approaches to structural modernization of the economy and reveals the key role of the financial sector in ensuring sustainable economic development. The main scientific concepts of modernization, including industrial, innovative, institutional, sustainable and digital approaches, are considered. Special attention is paid to the mechanisms of functioning of the financial sector as a source of investment resources and a tool for capital redistribution. It is proved that the banking system, the capital market and digital financial technologies are the most important drivers of structural transformation. The conclusion is made about the need for further development of the financial infrastructure to accelerate modernization processes.

Source: International Journal of Political Sciences and Economics

DOI: 10.5281/zenodo.20279514

Authors: Turabekova Feruza, Karimova A.M.

Language: English

Topic: Digital Transformation in Financial Services

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Decent work and economic growth

Open Access status: diamond

OpenAlex ID: W7161735883

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