Unlocking the Potential: Investing in Uzbekistan's Care Economy for Societal Well-Being and Economic Growth

Unlocking the Potential: Investing in Uzbekistan's Care Economy for Societal Well-Being and Economic Growth

December 15, 2023

The preliminary analyses and insights in this working paper are the foundation of stimulating intellectual discussions on a broad range of issues relevant to sustainable development agenda. The working paper advocates for strategic investments in Uzbekistan's expanding care economy, essential for the well-being of care-dependent populations. Aligned with the UNDP's market-based approach, it targets public and private investors, emphasizing economic and societal benefits. Highlighting the economic potential of paid care opportunities, the paper addresses gender equality while recognizing the intrinsic value of unpaid care work.

Uzbekistan's demographic shifts, marked by aging and increasing chronic illnesses, underscore the care economy's growing importance. Challenges include unpaid care work, gender biases, and regulatory gaps. The paper proposes a supportive environment for investors, presenting an entry points framework to guide conscientious decisions and promote the reduction, redistribution, and rewarding of care work.

Importantly, collaborative efforts from the government, investors, and care service providers are imperative for societal well-being and economic development. The entry points framework serves as a starting point for investors to contribute to a robust and inclusive care economy tailored to Uzbekistan's unique context.