Бизнес вa тaдбиркорлик олий мaктaби

 
 

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205 
CHALLENGES OF THE DIGITAL ECONOMY AS A DRIVER OF 
DEVELOPMENT IN UZBEKISTAN 
 
Aliqoriev O.F. – PhD, Associate Professor,
Head of Department of Research-pedagogical
Personnel Training, GSBE 
 
In the world, the accumulated potential for the development of a large number of 
human capital, science, its practical and innovative developments, digital 
communication, information and communication technologies, digital transformation 
tools, as well as large-scale investments are carried out to realize the potential of many 
countries and quickly digitize their national markets. 
At the same time, research shows that the share of industries related to information 
and communication technologies, digital communications and the Internet, e-
commerce and commerce, internet of things, blockchain technologies, artificial 
intelligence, etc. has increased significantly with market growth. 
Rapidly developing digital technologies in the world are leading to a qualitative 
and technological change in the socio-economic activities, economic policy and 
governance of countries.
In particular, due to the introduction of digital technologies 
and the differences in the pace of their widespread application in economic and social 
life, the development gap between countries is widening. 
The growth rate of the “digital economy” in the world is almost 15.5%. In 
developed countries, the share of the “digital economy” in GDP has reached 7%. They 
are already benefiting greatly from the introduction of the ‘digital economy’. In 
particular, the United States exports more than $400 billion a year in “digital services”. 
By 2025, the United States is expected to earn an additional $20 trillion from the 
“digitalization” of industry.
According to research, the world economists are the challenge of creating a single 
integrated indicator to assess the value and effectiveness of the digital economy in 
today’s digital world.
In overcoming these situations is due to the lack of empirical and 
statistical data, the fact that technological development processes are changing rapidly, 
the institutional changes are taking place fast. 
In the future of modern development, scientific research is being conducted on 
the prospects for the use of Big Data, Cloud Computing, Artificial Intelligence and 
methodological aspects of the implementation of Crowdsourcing, Blockchain 
technologies and the impact of these technologies on socio-economic development. 
Uzbekistan has sufficient potential and conditions for the implementation of the 
Strategy “Digital Uzbekistan – 2030”. We can see this in the accuracy and legitimacy 
of the reforms in our country carried out by the President of the Republic of Uzbekistan 
Sh.M.Mirziyoev. In his address to the Oliy Majlis on January 24, 2020, the head of our 
state emphasized and proposed to name 2020 “Year of Development of Science, 
Education and the Digital Economy” in order to further develop science in our country, 
to educate our youth as owners of deep knowledge, high spirituality and culture, to 
continue intensively the work started on the formation of a competitive economy and 
to raise to a new, modern level
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206 
At the same time, the State Program for the Implementation of the Action Strategy 
in Five Priority Areas of Development of the Republic of Uzbekistan in 2017–2021 in 
the “Year of Development of Science, Education and the Digital Economy” approved 
by the Decree of the President of the Republic of Uzbekistan dated March 2, 2020 PF-
5953
was also adopted, in which set important priorities. 
According to the strategy “Digital Uzbekistan – 2030”, strategic goals and 
priorities of digital development in our country are: 
–
development of digital infrastructure; 
–
development of e-government; 
–
development of the national market of digital technologies; 
–
education and training in the field of information technology. 
In order to implement the set key tasks, reflected in the Strategy “Digital 
Uzbekistan – 2030”, which today provides for the modernization of all sectors of the 
economy on the basis of digital technologies, it is expected to create more conveniences 
for the population through the development of the digital economy.
The introduction of e-government in our country is an integral part of the 
development of the digital economy, the main purpose of which is to simplify the 
transition to administrative procedures, improve the quality of life, improve the 
investment and business environment. 
The digital economy has many advantages. This lowers the cost of payments and 
opens up new sources of income. The cost of online services is much lower than in a 
traditional economy, and the services themselves are much cheaper, both socially and 
commercially. The product offered can be modified immediately to meet the new 
wishes or needs of the consumer. The digital economy provides a variety of 
information, educational, scientific innovations in a fast, high-quality and convenient 
way. 
In turn, today, December 24, 2020 at the Graduate School of Business and 
Entrepreneurship was organized an international scientific-practical online conference 
on “Digital Economy: Development Prospects and World Practice” in order to discuss 
the relevance, purpose, scientific novelty and practical significance of research, to 
exchange new views and experiences on business and project management, and to 
support the aspirations and ideas of young people in science. 
In current conditions, issues such as the digital economy, corporate and project 
management in the context of digital transformation, business strategies and models, 
skills of implementation, poverty reduction, e-commerce and marketing will be 
considered and discussed within the framework of this event, new comments and 
exchange of experience, as well as support for the aspirations and ideas of young people 
to science, the development of appropriate proposals and recommendations, signifies 
the urgency, importance and necessity of a scientific-practical conference in today’s 
context. 
At today’s conference, the Graduate School of Business and Entrepreneurship 
and other higher education institutions professors, teachers, doctoral students, 
postgraduates and invited international experts participate prepared within the 
framework of the topic and conducted research work results.