THE ROLE OF SMALL AND MEDIUM BUSINESSES IN THE ECONOMY AND DEVELOPMENT PROSPECTS
Keywords:
small and medium-sized enterprises, economic development, entrepreneurship, innovation, Uzbekistan economy, employment generation, digital transformationAbstract
Small and medium-sized enterprises (SMEs) play a crucial role in the development of modern economies by promoting employment, innovation, and inclusive growth. This article examines the economic significance of SMEs in the global economy and analyzes their role in the development of emerging markets with a particular focus on Uzbekistan. The study highlights the structural importance of SMEs in job creation, regional development, technological innovation, and sustainable economic transformation. Using statistical data and analytical methods, the paper explores the contribution of SMEs to GDP, employment, and sectoral diversification in Uzbekistan. In addition, it discusses major challenges faced by SMEs, including limited access to finance, technological barriers, and institutional constraints. The research concludes that strengthening digital transformation, financial inclusion, and innovation capacity is essential for enhancing SME competitiveness and ensuring sustainable economic growth in developing economies.Downloads
References
Raxmonqulova, N. O. (2025). THE IMPORTANCE OF EFFICIENT USE OF RESOURCES. Shokh Articles Library, 1(2).
Qudratova, G. M. (2025). METHODOLOGY FOR ASSESSING THE COMPETITIVENESS OF EDUCATIONAL SERVICES IN HIGHER EDUCATION INSTITUTIONS. SHOKH LIBRARY, 1(13).
Sodiqova, N. T. (2025). WAYS TO ENHANCE COMPANY COMPETITIVENESS. Ethiopian International Journal of Multidisciplinary Research, 12(01), 145-150.
Supievna, B. M. (2025). FOREIGN EXPERIENCE IN ECONOMIC DIVERSIFICATION. SHOKH LIBRARY.
Azimov, B. F. (2026). STRATEGIC DIRECTIONS FOR ORGANIZATIONAL–INSTITUTIONAL AND FINANCIAL–ECONOMIC TRANSFORMATION OF THE NATIONAL INNOVATION SYSTEM: EVIDENCE FROM UZBEKISTAN. Shokh Articles Library, 1(1), 1350-1354.
Shadiyev, A. X. (2025). A MODERN APPROACH TO THE METHODOLOGY OF TEACHING ECONOMIC DISCIPLINES. Ethiopian International Journal of Multidisciplinary Research, 12(01), 134-139.
Bahodirovich, K. B. (2026). LONGEVITY DERIVATIVES: CONCEPT AND PRINCIPLES. Shokh Articles Library, 1(1).
Jumayeva, Z. B. (2025). MARKETING STRATEGY AND ITS IMPACT ON EXPORT-ORIENTED ENTERPRISE PERFORMANCE. SHOKH LIBRARY, 1(13).
Jumayeva, Z. Q. (2025). FOREIGN MODELS OF FINANCING INNOVATION ACTIVITIES AND THEIR APPLICATION IN UZBEKISTAN. SHOKH LIBRARY, 1(13).
Abidovna, A. S. (2025). Issues of export of services in higher education institutions: the case of Bukhara region. Multidisciplinary Journal of Science and Technology, 5(6), 1916-1922.
Hakimovich, T. M. (2026). INDUSTRY STRUCTURE OF THE BUKHARA REGION INDUSTRY AND PRIORITY DIRECTIONS FOR ITS IMPROVEMENT. Shokh Articles Library, 1(1), 429-433.
Naimova, N. A. (2026). THE EVOLUTION OF GREEN ECONOMY AND SUSTAINABLE DEVELOPMENT CONCEPTS. Shokh Articles Library, 1(1), 1051-1054.
Bobojonova, M. J. (2026). THE PRACTICE OF ATTRACTING INVESTMENTS IN GREEN TECHNOLOGIES: FOREIGN EXPERIENCE AND IMPLICATIONS FOR SUSTAINABLE DEVELOPMENT. Shokh Articles Library, 1(1), 1023-1026.
Ibodulloyevich, I. E. (2025). DEVELOPMENT DIRECTIONS OF INNOVATIVE ENTREPRENEURSHIP IN UZBEKISTAN. SHOKH LIBRARY.
Djurayeva, M. S. (2026). THE ROLE OF DIGITAL TECHNOLOGIES IN EMPLOYING YOUNG SPECIALISTS. Shokh Articles Library, 1(1), 925-927.
Ibragimov, A. T. (2026). THE INTERRELATIONSHIP BETWEEN INVESTMENT AND INNOVATION AND ITS IMPACT ON ECONOMIC GROWTH. Shokh Articles Library, 1(1), 932-934.
Raximova, L. A. (2025). FOREIGN DIRECT INVESTMENT AND REGIONAL ECONOMIC DEVELOPMENT: OPPORTUNITIES AND CHALLENGES. SHOKH LIBRARY.
Umarova, H. U. (2026). THE INTERACTION OF STATE AND MARKET MECHANISMS IN THE FORMATION OF AN INNOVATIVE ECONOMY. Shokh Articles Library, 1(1), 1016-1019.
Gafarova D.T. DEVELOPMENT OF THE SERVICES SECTOR IN THE REPUBLIC OF UZBEKISTAN: INNOVATIVE SERVICES, INTEGRATION WITH PRODUCTION, AND EXPORT OF SERVICES. (2026). International Journal of Artificial Intelligence, 6(01), 1027-1031. https://www.academicpublishers.org/journals/index.php/ijai/article/view/10073
Jurayev, J. N. (2026). THE NECESSITY AND RELEVANCE OF STUDYING SECTORAL ECONOMICS: CURRENT PROBLEMS AND SOLUTIONS. Shokh Articles Library, 1(1), 1020-1022.
Aslanova, D. F. (2025). DEVELOPMENT FACTORS AND PROBLEMS OF ECOTOURISM: A SCIENTIFIC ANALYSIS. SHOKH LIBRARY, 1(13).
Djurayevna, Y. N. (2026). THE ROLE OF LARGE INDUSTRIAL ENTERPRISES IN THE DEVELOPMENT OF BUKHARA REGION BASED ON THE GROWTH POLE (POLARIZATION) THEORY. Shokh Articles Library, 1(1), 1035-1037.
Khamzayevna, R. S. (2026). MECHANISMS FOR IMPLEMENTING INNOVATIONS BASED ON PUBLIC–PRIVATE PARTNERSHIPS. Shokh Articles Library, 1(1), 938-940.
Tolibjonovna, B. N. (2026). REGIONAL INDUSTRIAL ZONES AND INVESTMENT ATTRACTIVENESS: AN EMPIRICAL STUDY WITH POLICY LESSONS FROM UZBEKISTAN. Shokh Articles Library, 1(1), 935-937.
Raxmatullayevich, J. B. (2026). THE ROLE OF BANKING CRISES IN ECONOMIC RECESSION. Shokh Articles Library, 1(1).
Ismatov F.I. “PROSPECTS FOR THE DEVELOPMENT OF TRANSPORT AND LOGISTICS CENTERS IN THE REGIONAL ECONOMY” (2025) Journal of Multidisciplinary Sciences and Innovations, 4(11), pp. 2308–2312. doi:10.55640/.
Zokirovich, T. Z. (2025). INTELLECTUAL POTENTIAL AND ITS DEVELOPMENT IN THE CONTEXT OF ECONOMIC GROWTH. SHOKH LIBRARY, 1(13).
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution 4.0 International License.
All content published in the Journal of Applied Science and Social Science (JASSS) is protected by copyright. Authors retain the copyright to their work, and grant JASSS the right to publish the work under a Creative Commons Attribution License (CC BY). This license allows others to distribute, remix, adapt, and build upon the work, even commercially, as long as they credit the author(s) for the original creation.
