Innovative activity of enterprise subjects: characteristics and problems - development tendencies under globalization

Аннотация

Enterprises engaged in private business and entrepreneurship in our region cover all sectors of the national economy. This, the importance of business entities and individual entrepreneurs is growing, and our state creates benefits for them. The innova- tive development of entrepreneurial activity and its support and stimulation by financial institutions have been developed and identified. Keywords: financial institutions, entrepreneurship, innovative development, globaliza- tion, competition, marketing. Today, large-scale socio-economic reforms in our country are being carried out in the context of the transformation taking place in the global economy. At present, the technical base of production is being intensively developed, and the network and territorial composition of national economies is being optimized. Among these changes are the rapid development of small business and private entrepreneurship, the expansion of its activities, and the list of tasks it performs. Approved by the Decree of the President of the Republic of Uzbekistan dated February 7, 2017 “On the Action Strategy for the Further Development of the Republic of Uzbekistan” “In the third direction of the Action Strategy for the five priority areas of development of the Republic of Uzbekistan in 2017-2021, it is aimed at further development and liberalization of the economy. The purpose of this is to strengthen macroeconomic stability and maintain high economic growth rates, increase the competitiveness of the national economy, continue institutional and structural reforms to reduce state participation in the economy, protect private property, further strengthen its priority position, and stimulate development. small businesses and private entrepreneurship identified such issues as the expansion of foreign economic relations, and the development of production of products and spices intended for export. In order to achieve this it is essential to: - create necessary conditions for an open economy, healthy competition, business and investment environment; «Yangi O‘zbekiston: Moliyaviy hisobotning xalqaro standartlarini joriy etishda muvaffaqiyatli 16 xalqaro tajriba» 16 dekabr, 2022 yil. - reduce state participation in the economy, increasing the number of jobs due to the rapid development of the private sector; - ensure high rates of economic growth through the modernization and diversification of the economy, increasing labor productivity; - fight the “hidden” economy, reduce sharply its size; - continue consistently the policy of currency liberalization and conduct a stable monetary policy; - train qualified personnel capable of solving strategic problems of economic development; In the Republic of Uzbekistan in subsequent years, measures are being implemented to reduce the participation of the state in the economy, further development of private entrepreneurship, and transition to innovative development. As each country makes practical plans for the future, it is necessary to take into account the fact that the conflict of interests and competition on a global scale is escalating, and the international situation is heating up. Especially at current global level, the global crisis, resulting from the widespread spread of coronavirus infection and economic and political disagreements between countries, has caused a sharp reduction in production and consumption in countries with large economies, disruption of global production chains and trade relations, and a decrease in prices for raw materials in the world. financial market and the deterioration of market conditions and a sharp decline in the income of the population will lead to a deterioration in the level and quality of life. The aggravation of the economic and socio-political situation in a number of countries, in particular, the growth of the budget deficit, the growth of unemployment, the growth of the shadow economy, the decline in industrial production, social tension, and political instability in society directly negatively affect the interests of our country in pursuing an effective foreign trade policy. According to the State Statistics Committee of the Republic of Uzbekistan (1), in 2020 the foreign trade turnover of the republic is 36299.3 million 5451.7 million US dollars compared to 2019. US dollars decreased by 13.1%. In such conditions, in the development of the foreign economic activity of the Republic of Uzbekistan, which is part of the world economic system, it is necessary to strengthen the importance of small businesses and private entrepreneurship in diversifying and geographically expanding the structure of the country’s economy. foreign trade, improving the state budget, living standards, and quality of the population. One of the main directions for achieving these goals is the creation of a healthy competitive environment through the reform and development of the leading sectors of the economy, the gradual reduction of state participation in foreign economic a