ENTREPRENEURSHIP AND INNOVATION: FOCUSING ON THE ROLE OF ENTREPRENEURSHIP IN DRIVING INNOVATION AND ECONOMIC GROWTH

Аннотация

This article explores the essential role of entrepreneurship in fostering innovation and driving economic growth. In an era characterized by rapid technological change and global competitiveness, entrepreneurship is no longer merely associated with starting new businesses; it has become a core engine of innovation, productivity, and national development. Entrepreneurs introduce new ideas, processes, and technologies that challenge existing norms, create new markets, and generate employment opportunities. The paper analyzes how entrepreneurship contributes to innovation-led growth by examining theoretical foundations, global experiences, and the case of Uzbekistan. Drawing upon Schumpeter's theory of creative destruction and contemporary studies, the article highlights how entrepreneurial ecosystems stimulate economic dynamism and adaptability in the face of modern challenges. In the context of Uzbekistan, the study reviews recent policy reforms, innovation hubs such as IT Park, and youth-led startup initiatives supported by governmental and private institutions. Methodologically, the study utilizes comparative analysis, statistical review, and case studies to evaluate the impact of entrepreneurship on economic indicators such as GDP, employment, and export diversification. Results indicate that a thriving entrepreneurial sector positively influences innovation output and inclusive development. Ultimately, the research emphasizes the need for continuous support of entrepreneurship through policy, education, and infrastructure to sustain innovation and economic progress. This paper provides insights for policymakers, researchers, and practitioners aiming to leverage entrepreneurship as a strategic tool for sustainable growth and transformation in emerging economies. Future research may further explore sector-specific entrepreneurial trends and their long-term impact on national competitiveness and resilience, particularly in technologically evolving and digitally transforming markets. Keywords: Entrepreneurship, innovation, economic growth, startup, technological development, competitiveness, economic reforms, business environment. www.pedagoglar.org 44-to’plam_1-qism_Iyun-2025 211 Ta'limda raqamli texnologiyalarni tadbiq etishning zamonaviy tendensiyalari va rivojlanish omillari