The aim of promoting small business and private entrepreneurship in Uzbekistan

The aim of promoting small business and private entrepreneurship in Uzbekistan

Plan:

• Introduction
• Main aims of promoting small businesses and private entrepreneurship.
• Some other necessary data on the condition and structure of small businesses and private entrepreneurship today.

introduction

Uzbekistan confidently and quite successfully follow the path of scientific, technical and social process of modernization of the national economy, aims to quickly join the ranks of advanced countries in the world. One way to achieve this goal are the reforms taking place in the small business and private entrepreneurship. Over 28 years of independence in the Republic of Uzbekistan have been held a number of activities that promote the development of small business, in fact, it plays a key role in the development of the market economy and is one of the key elements of economic growth and the possibility of regular income for its citizens.

Main aims of promoting small businesses and private entrepreneurship.

Sustaining the country's high rates of economic growth;

Forming competitive environment in the economy;

Increasing employment rate in Uzbekistan;

Increasing income levels of the population.

Share of small business and private entrepreneurship in GDP

On the basis of private enterprise development, the following positive developments are taking place in the country:

On the basis of private enterprise development, the following positive developments are taking place in the country:

• macroeconomic indicators are getting more stable;
• stronger economic balance;
• state budget and balance of payments are executed with a surplus.

Number of operating small business (thousand units)

Small businesses and entrepreneurs are creating job opportunities in Uzbekistan. Over three out of every four persons employed work for small businesses. Each year about half a million new jobs are created by small businesses. It is notable that more than 60% of these jobs are in rural areas.

Small businesses and entrepreneurs are creating job opportunities in Uzbekistan. Over three out of every four persons employed work for small businesses. Each year about half a million new jobs are created by small businesses. It is notable that more than 60% of these jobs are in rural areas.

The number of employed in the small business and private sector (mln.people)

Share of small business and private entrepreneurship in total number of the employed in economy of different countries of the world

Some interesting facts about sb and pe

• Small and medium enterprises, or SMEs, play an increasingly critical role in the global economy, especially in job creation. In high-income countries, formal SMEs, with less than 250 employees, contribute to 50 percent of global GDP on average and up to 70 percent of employment.
• A recent IFC study covering 132 economies estimates that around 500 million or 97% of the world's businesses are MSMEs(micro, small and medium enterprises), over 80% of them are micro enterprises, and the vast majority are informal enterprises. Formal MSMEs are estimated at 125 million and three out of four operate in emerging markets.

Some other necessary data on the condition and structure of small businesses and private entrepreneurship today.

Distribution of operating small business entities by kinds of economic activities as of 1 January 2017(as percentage of total)

Share of small business and private entrepreneurship in industry

Share of small business and private entrepreneurship in agriculture

Share of small business and private entrepreneurship in construction

Share of small business and private entrepreneurship in exports

By way of conclusion, I would like to say that small business and entrepreneurship is an important factor in the growth of national well-being, as he is the main source of income is not only a significant part of the people involved in his field, but also their families. Besides all this, small business and entrepreneurship allows a person to combine into one work and personal life, to realize itself, to demonstrate their abilities and talents.

By way of conclusion, I would like to say that small business and entrepreneurship is an important factor in the growth of national well-being, as he is the main source of income is not only a significant part of the people involved in his field, but also their families. Besides all this, small business and entrepreneurship allows a person to combine into one work and personal life, to realize itself, to demonstrate their abilities and talents.

Thank you for your attention !!!