Galaxy international interdisciplinary research journal (giirj) issn

 
GALAXY INTERNATIONAL INTERDISCIPLINARY RESEARCH JOURNAL (GIIRJ) 
ISSN (E): 2347-6915 
Vol. 10, Issue 12, Dec. (2022) 
966
According to S. Kuznets, the suspension of innovations during a certain period has a positive 
effect, but he also emphasizes that it can have a negative effect. Therefore, the participation of 
the state in the development of innovations in socio-economic relations and their 
implementation in production is considered important. The regular introduction of scientific 
and technical innovations into the economy, along with being an important factor of sustainable 
economic growth, causes problems such as unemployment, stress, and the formation of new 
generation specialists in society. The scientist enriched Y. Schumpeter's ideas on the theory of 
innovation with new approaches. 
We can see a comparative analysis of the characteristics of the digital economy with 
Schumpeter's theory in the following table 1.2. 
Table 1.2 Interpretation of the comparative analysis of the characteristics of the digital 
economy with Schumpeter's theory
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Economic phrases 
Schumpeter's theory 
Digital economy 
Innovation 
Introduction of new goods 
Implementation of digital products and 
digital services 
Technologies 
A new method of development 
Digitization of production processes of 
knowledge-based goods 
The fight for consumers 
Discovery of new markets 
Creation of e-markets and digital 
distribution channels 
Coordination 
Conquest of new teaching resources. 
Implementing B2B-EC to manage supply 
chains 
Entrepreneurship 
Orientation to profit. Reorganization 
of the firm. Risk-taking strategies 
Profit orientation-modernization. Develop 
new 
models 
for 
digital 
business 
management 
exit Startups 
Examples of digital products listed in the table include Yandex search and Facebook digital 
services, including electronic delivery of information (data, content) across multiple platforms 
and devices. Also, knowledge-based goods include books, technologies, patents, designs, and 
databases. E-markets and digital distribution channels include e-shopping systems and social 
network recommendation communities. 
Implementation of the digital economy program in the Republic of Uzbekistan allows for the 
following: 
8
•
Complete elimination of legal obstacles that hinder the creation of new technologies by 
creating a new regulatory legal framework; 
•
Creation and development of digital economy infrastructure, including networks, data 
processing centers, and technical and software components, in accordance with the 
requirements of the times; 
•
Ensuring the comprehensive development and renewal of the education system; 
•
To create a thorough foundation for the development of various companies, firms, state 
enterprises, and businesses in the country; 
7
Author development 
8
Гулямoв C.C. va boshqalar. Raqamli iqtisodiyotda blokcheyn texnologiyalari. Т.: Iqtisod Molia , 2019. 396 b. 

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