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International Journal of Trend in Scientific Research and Development (IJTSRD)
Special Issue on Innovative Development of Modern Research
Available Online: www.ijtsrd.com e-ISSN: 2456 – 6470

The Digital Economy is a Leading Factor in Ensuring a Healthy

Competitive Environment-Barriers and Risks of

Digitalization of the Economy in Uzbekistan

Eshmamatova Madina
Bachelor Student of Tashkent State University of Economics, Tashkent, Uzbekistan

ABSTRACT The resolution also provides for the development of "digital
Digitalization is being introduced into social processes, the entrepreneurship" with an increase in the volume of services
successful life of people increasingly depends on it, in in this area by 2023 by three times and bringing their
addition, there is a large-scale introduction of digital exports to $ 100 million.
technologies in the work of government organizations and
structures. According to the level of development of the The widespread introduction of digital technologies is
planned at all stages of the education system. By 2022, digital
digital economy, Uzbekistan does not occupy a leading
knowledge training centers will be opened in all regions of
position in the world, but it confidently holds on to the
group of countries following the leaders, improving its the country as part of the "Five Initiatives" project.
position from year to year. It is necessary for the state and The Ministry for the Development of Information
business to work together to further develop the digital Technologies and Communications is designated as the
economy. authorized body for the development of the digital economy

and e-government. The National Agency for Project
KEYWORDS: Digital economy, digitalization, barriers and risk, Management under the President retains the authority to
business implement crypto assets and blockchain technology.

Today, new digital technologies, innovative business models Two new institutions will be established under the Ministry:
penetrate into all spheres of economic life of society, "E-Government Project Management Center»;
influencing the very essence of the economy, forming "Center for Digital Economy Research".
qualitative structural changes in it. As a result, the digital In the structure of the central office of the ministry, the post
economy is formed as a subsystem of the traditional
of Deputy minister responsible for the accelerated
economy, characterized by the active use of digital digitalization of the agricultural sector, the introduction of
technologies and the turnover of specific electronic goods. modern information systems and software products in the
The level of development of the digital economy is closely
field of agriculture and food security is being introduced. The
correlated with the country's competitiveness, which Ministry also creates the department for the development of
requires special attention of the state and business to its digital technologies in the agricultural sector and the
development. The article reviews the development of the department for the Development of geoinformation
digital economy in the world and Russia, identifies the risks
technologies.
and threats to the development of the digital economy, and
suggests ways to overcome them. It is established that today In addition, the state share in the authorized capital of LLC
the electronic economy already goes beyond purely "Unified Integrator for the Creation and Support of State
economic processes. In this activity, it is necessary to take Information Systems UZINFOCOM" is transferred to the
into account a number of problems, risks and threats Ministry of Finance free of charge.
identified in the article in order to focus resources and The document establishes that state bodies and
efforts on their neutralization.
organizations have the right to hold competitions exclusively
digital economy, threats and risks to sustainable among residents of the Technological Park of Software
development, economic growth, state regulation of the Products and information Technologies under one contract
economy, scientific and technological progress for the development, implementation, integration and
technical support of information systems and software
On April 28, President Shavkat Mirziyoyev signed a decree
products with a total cost of up to 1 billion soums.
"On measures for the widespread introduction of the digital
economy and e-government". By August 1, the Ministry has been instructed to implement a
Unified National system of delivery and confirmation of
The document provides for the accelerated formation of the delivery to individuals and legal entities of correspondence,
digital economy with an increase in its share in the country's notifications, summonses and other legal documents sent by
gross domestic product by 2023. state bodies and organizations through a network of postal
All healthcare institutions, schools, pre-school education communication facilities, as well as storage and accounting
organizations, villages and mahallas should be connected to of information.
high-speed Internet in 2020-2021. The digital economy is a system of economic, social and
The share of electronic public services is planned to increase cultural relations based on the use of digital information and
to 60% by 2022. communication technologies. Based on these theoretical

ID: IJTSRD40023 | Special Issue on Innovative Development of Modern Research Page 74