INNOVATIVE DEVELOPMENT OF SMALL BUSINESS IN THE REGIONS OF UZBEKISTAN: A CATALYST FOR ECONOMIC GROWTH AND PROSPERITY

Abstract

This article examines the innovative development of small businesses in the regions of Uzbekistan and their potential to contribute to economic growth and prosperity. The paper discusses the challenges faced by small businesses in the country, as well as the measures taken by the government to foster a culture of innovation, improve access to resources, and promote digital technologies. Drawing on statistical information from the World Bank and the Doing Business report on Uzbekistan, the article highlights the opportunities and obstacles in promoting innovation among small businesses in the country. The analysis of the factors driving innovation in small businesses will serve as a roadmap for policymakers and entrepreneurs to promote regional growth in Uzbekistan.