Investigating the effect of economic training in education system in line with globalization in the formation of socio-economic policies

Economic Annals-XXI: Volume 215, Issue (5-6), Pages: 4-9

Citation information
Berdiyarov, B., Shaynazarov, R., Mirzaaxmedov, K., Jo’rayev, O., Boltaev, A., & Nabiyev, M. (2025). Investigating the effect of economic training in education system in line with globalization in the formation of socio-economic policies. Economic Annals-XXI, 215(5-6), 4-9. doi: https://doi.org/10.21003/ea.V215-01

Bakhriddin Berdiyarov
D.Sc. (Economics),
National University of Uzbekistan named after Mirzo Ulugbek
4 Vuzgorodok Str., Tashkent, 100174, Uzbekistan
bahriddin.bfa@gmail.com
ORCID ID: https://orcid.org/0000-0001-8591-6840

Ravshan Shaynazarov
PhD (IT),
Department of Information Systems and Technologies,
Karshi State Technical University
17/51 Etirof Str., Karshi, 180100, Uzbekistan
ravshan16d19sh@gmail.com
ORCID ID: https://orcid.org/0009-0007-5302-1736

Kamoliddin Mirzaaxmedov
D.Sc. (Politics),
National University of Uzbekistan named after Mirzo Ulugbek
4 Vuzgorodok Str., Tashkent, 100174, Uzbekistan
k.siyosatshunos@gmail.com
ORCID ID: https://orcid.org/0009-0009-5736-4415

O’tkirjon Jo’rayev
MA (Education),
Department of Psychology,
Faculty of Social Sciences,
Termez State University
43 Barkamol Avlod Str., Termiz, 190111, Uzbekistan
jurayev0097100@gmail.com
ORCID ID: https://orcid.org/0000-0003-4602-0309

Abror Boltaev
D.Sc. (Accounting),
Alfraganus University
2-A Yukori Karakamish Str., Tashkent, Yunusabad District, Tashkent Region, 100190, Uzbekistan
a.boltayev@afu.uz
ORCID ID: https://orcid.org/0000-0003-4198-7983

Muzaffar Nabiyev
PhD (Economics),
Department of Accounting and Management,
Andijan State Technical Institute
56 Baburshox Str., Andijan, 170119, Uzbekistan
nabiyev579@gmail.com
ORCID ID: https://orcid.org/0000-0001-5489-1898

Investigating the effect of economic training in education system in line with globalization in the formation of socio-economic policies

Abstract. This paper discusses the role of economic education in the system of education and its impact on socio-economic policy elaboration within globalization processes in Uzbekistan. The present study was conducted with a mixed approach and through data collection from a sample of 600 students, teachers, and policymakers in 2024. Quantitative findings demonstrated that 88% of teachers and 96% of policymakers believe that integrating economics into curricula is very important. In contrast, only 8% of participants had a high level of knowledge about the concept of foreign direct investment and 5% about the process of national budgeting. The correlation analyses underlined a positive and significant relation between the level of economic education and the support for national macro-policies: the correlation coefficient was 0.65 for teachers and 0.51 for students. Also, 89% of experts suggested that insufficient number of qualified teachers is the major barrier to successful implementation of economics education. These findings stress the urgent need for a basic revision of curricula and investment in teacher empowerment.

Keywords: Economic Education; Globalization; Economic Policymaking; Uzbek Education System

JEL Classifications: Е24; Е41; Е64; I18; J28; J31

Acknowledgements and Funding: The authors received no direct funding for this research.

Contribution: The authors contributed equally to this work.

Data Availability Statement: The dataset is available from the authors upon request.

DOI: https://doi.org/10.21003/ea.V215-01

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Received 20.02.2025
Received in revised form 19.03.2025
Accepted 24.03.2025
Available online 27.06.2025