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Xusenov Muso 
The 1
st
 year student of Corporate Governance Faculty,TSUE 
[e-mail] 
 
SUSTAINABLE PROSPECTIVES OF DIGITAL
ECONOMY IN UZBEKISTAN 
There is a common belief that in today’s high-tech world, we cannot visualize our life 
without internet. Shortly, a global village is the part of our life. Meaning that, to find any kind of 
information is very easy with internet devices, to search news , do shopping, business, earn money 
and others are available by internet. Furthermore, it is a fact that most developed countries are 
utilizing online payment system to raise economic system by boosting the speed of money in banks. 
On this situation, the term of digital age is born.
The digital age is transforming everything: the 
nature of markets and products, how to produce, how to deliver and pay, the scale of capital to 
operate globally, and human capital requirements. It is also boosting productivity, exposing 
companies to new ideas, technologies, new management and business models, and creating new 
channels of market access. And all of this at relatively low costs. It is no exaggeration to predict that 
firms will increasingly rely on artificial intelligence for basic routines and for more complex tasks.
Also, coming across with words with prefix ‘e’ which means online version such as e-commerce, e-
business, e-trade, e-book and others is simple situation. Also, to analyze the impact of digital 
economy on developing countries is absolutely essential to be informed about their beneficial sides. 

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Digital economy
refers to an economy that is based on digital computing technologies. 
The digital economy is also sometimes called the Internet Economy, the New Economy, or 
Web Economy. 
Increasingly, 
the 
"digital 
economy" 
is 
intertwined 
with 
the 
traditional economy making a clear delineation harder. Digitization plays crucial role in the digital 
economy system. 
Digitization is a process of converting the diverse forms of information, such as text, 
sound, image or voice into digitalized format. The digitization has a proven impact on economy and 
society by reducing unemployment, improving quality of life, and boosting access to knowledge 
and other public services.* 
The term 'Digital
 
Economy' was first coined in Don Tapscott's 1995 best-seller 
The Digital Economy: Promise and Peril in the Age of Networked Intelligence. The Digital 
Economy was among the first books to show how the Internet would change the way 
we did business. 
According to Thomas Mesenbourg (2001), three main components of the 'Digital 
Economy' concept can be identified: 

E-business infrastructure (hardware, software, telecom, networks, human capital, etc.), 

E-business (how business is conducted, any process that an organization conducts over 
computer-mediated networks), 

E-commerce (transfer of goods, for example when a book is sold online). 
New applications comprising
social media
and Internet search are blurring these boundaries 
and adding complexity. 
It is interesting to note that The Digital Economy uses a tenth of the world's electricity. The 
move to the cloud has also caused the rise in electricity use and carbon emissions by the digital 
economy.