INSTITUTIONAL REFORMS IN THE DEVELOPMENT STAGES OF SMALL AND MEDIUM-SIZED ENTERPRISES
DOI:
https://doi.org/10.5281/Keywords:
Small and medium-sized enterprises (SMEs), institutional reforms, digital economy, digital transformation, entrepreneurship, business environment, e-commerce, innovation, economic growth, econometric analysis, information and communication technologies (ICT), competitiveness, UzbekistanAbstract
This paper examines the institutional reforms implemented during the development stages of small and medium-sized enterprises (SMEs) in the context of the digital economy. It analyzes the strategic role of SMEs in promoting sustainable economic growth, increasing employment, enhancing competitiveness, and strengthening macroeconomic stability. The study explores the evolution of Uzbekistan’s institutional framework supporting small business development during the transition from a centrally planned economy to a market-oriented economic system. Particular attention is given to the impact of digital transformation, including the adoption of e-commerce, digital platforms, cloud computing, CRM and ERP systems, on improving business efficiency and competitiveness.
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