Small business in Uzbekistan: situation, problems and modernization possibilities

Abstract

Currently, the market relations are actively and comprehensively developing and implementing in harmonious way around the world. The main tasks of accelerating the development of small business and entrepreneurship and ensuring explicit coordination of activity of government economic and other so-cial structures in creating a favorable business environment are: introduction of the great amount of pop-ulation to the market; maintaining suitable conditions for effective market development and infrastructure in rural areas, the development of competitive condition the creation of new jobs in rural areas for em-ployment of people released in connection with the reconstruction of agriculture; a sharp increase in ser-vices, especially in high technology related to banking, auditing, consulting, brokering activities; the in-troduction of flexible production of small, small and private businesses that provide more efficient management, commodity saturation of the domestic market and export oriented production; Ensuring sus-tainable development of small business. In this paper, based on the study of foreign and domestic experi-ence in small business development, authors show current status, major challenges and opportunities of modernization, analyze the formation and development of small businesses and to justify the direction of enhancing the development of small business in the Republic of Uzbekistan. The authors emphasize the special role of the family business in creating new jobs opportunities in the economy and, especially, in social service sectors, the development of domestic business as the form of cooperation with big business. The authors highlight the increasing role of training of modern professionals through educational reform and improvement of legal framework in the republic of Uzbekistan.