Universiteti xabarnomasi

MAQOLA HAQIDA
 
ANNOTATION
 
Qabul qilindi: 
24-mart 2023-yil
Tasdiqlandi: 
26-mart 2023-yil
 
Jurnal soni: 
1
 
Maqola raqami: 1
DOI: 
https://doi.org/10.54613/ku.v6i6.235
 
One of the main policies of the Government of the Republic of Uzbekistan is to stimulate the 
development of the small business sector. Despite the improving business environment, there are 
problems affecting the national entrepreneurial sector. The aim of the study is to analyze the factors 
and directions of development of institutions related to small business, to identify patterns and 
predict their transformation. The paper uses the methodology of the theory of institutional change 
to describe, explain and recommend changes in the system of small business institutions. 
KALIT SO‘ZLAR/
 
Ключевые слова/ 
keywords
 
business, 
institution, 
institutionalism, 
institutional reforms, small business, 
entrepreneurship, transformation.
 
Introduction. 
The active development of the small business sector 
of the national economy of the Republic of Uzbekistan represents a 
vector of modern economic policy pursued by President Mirziyoyev. 
Small and medium enterprises (SMEs) play an important role in most 
countries of the world, especially in developing countries. SMEs 
constitute the majority of enterprises worldwide and make an 
important contribution to job creation and global economic 
development. According to the World Bank, they represent about 90% 
of enterprises and over 50% of jobs worldwide. Formal SMEs contribute 
up to 40% of national income (GDP) in emerging economies. These 
figures are much higher if informal SMEs are included
1
. 
An important factor for assessing the "health" of a country's 
economy is the effective functioning of small businesses, which is an 
indicator of its flexibility, its ability to adapt to the constantly changing 
economic situation.
As of 1 January 2023, the number of operating small businesses 
and microfirms was 523,600, an increase of 60,800, or 13.1 per cent, 
over the previous year. The number of small businesses per 1,000 
population was 17.9 units. In 2022, the number of active small 
businesses per 1,000 inhabitants was 17.9, an increase of 1.4 compared 
to 2021. The share of small businesses in GDP for 2022 was 51.8 per 
cent
2
. One of the reasons for the relatively low development indicators 
of this sector, in our opinion, is the persistence of institutional barriers. 
Let us consider the problems of the institutional environment of 
the entrepreneurial sector.