CAPITAL MANAGEMENT IN THE MODERN WORLD: A COMPARATIVE ANALYSIS OF GLOBAL TRENDS AND UZBEKISTAN’S EVOLVING LANDSCAPE

Abstract

This report provides a comprehensive analysis of capital management, examining its evolving definition, theoretical underpinnings, and critical significance in the contemporary global economy. It extends beyond traditional financial metrics to encompass natural, social, and human capital, reflecting a paradigm shift towards integrated value creation. The report details prevailing global trends and challenges, including economic slowdowns, inflationary pressures, divergent monetary policies, and the pervasive impact of geopolitical risks on capital allocation. A dedicated section explores Uzbekistan's unique capital management landscape, highlighting its ambitious reform trajectory, advancements in financial sector stability, and the dynamics of corporate financing. Through a rigorous comparative analysis, Uzbekistan's approaches and performance are benchmarked against international standards, revealing areas of strength, persistent challenges, and strategic opportunities for further development. The findings underscore the imperative for integrated and proactive risk management, both globally and within emerging economies like Uzbekistan, to foster resilience and sustainable economic growth.