Features of reforming the digital economy in

European Scholar Journal (ESJ)
Available Online at:
https://www.scholarzest.com
Vol. 3 No.2, February 2022
ISSN:
2660-5562
15|P a g e
FEATURES OF REFORMING THE DIGITAL ECONOMY IN
UZBEKISTAN
Djulmatova S.R.
Acting Associate Professor of the Department of “Digital Economy” Samarkand Institute of Economics and Service
Article history:
Abstract:
Received:
4
th
December 2021
This article discusses the problems associated with the development
of the digital economy in Uzbekistan. The relevance of digitalization of the
economy in the context of the Covid-19 pandemic is substantiated and it is
explained why the digital economy is so important in carrying out reforms in
Uzbekistan. The processes taking place in the life of Uzbekistan are analyzed,
taking into account the digitalization of the economy, and the author's
conclusion on this problem is made.
Accepted:
6
th
January 2022
Published:
12
th
February 2022
Keywords:
digital economy, information technology, development, internet, information, Uzbekistan
Currently, as in all countries of the world, as well as in Uzbekistan, large-scale measures are being taken to
combat the spread of the pandemic and its new strain, since our country is an integral part of world economic
relations. As the President of Uzbekistan noted in his speech, “The pandemic that we all faced, in terms of its pace
and scale of spread, has grown into an unprecedented global crisis, has become a very serious challenge for all
mankind and the global economy.”. Given the relevance of this problem for the economy of Uzbekistan, special
attention was paid to the fight against this infection, taking into account which, on March 19, 2020, a package of
priority measures was adopted in the republic aimed at ensuring macroeconomic stability, effective social support for
the population during the period of counteracting the spread of this infection and other global risks, preventing a
sharp decline in the income of the country's population. For this purpose, the Anti-Crisis Fund was created, which has
10 trillion sums and carries out the functions of financing measures to combat the spread of this infection, to support
entrepreneurship and employment, to expand social support for the population and to ensure the sustainable
functioning of economic sectors. [2].
In international practice, a significant part of economic activity has gone online, and the demand for reliable
information products and systems has increased. According to Laura D'Andrea Tyson, a professor at UC Berkeley's
Haas School of Business, the pandemic and subsequent upswing will accelerate digitalization and automation at work.
These changes will eliminate many medium-skilled jobs and replace them with high-skill jobs. Equipping people with
the skills and competencies required for new jobs will require low-cost, digitally delivered training programs. The fact
that so many are now forced to work remotely shows that Wi-Fi infrastructure, broadband Internet and other
elements will need to be significantly expanded to accelerate the digitalization of economic activity. [5].
The importance of reforms in the field of formation and development of the digital economy was the fact that
2020 in Uzbekistan was declared the "Year of the Development of Science, Education and the Digital Economy" and
reforms in all areas aimed at building a new Uzbekistan were resolutely continued in our country.
The development of the digital economy is a priority for increasing the capabilities of each country, therefore,
the use of existing opportunities for the use of digital technologies in the economic development of each country is
considered an urgent issue of our time. This process over a long period determines the scale of development of the
economy and society, leads to cardinal changes in people's lives. It was the formation of the digital economy that was
one of the priority areas for most countries - economic leaders, including the USA, Great Britain, Germany, Japan, etc.
Their implementation, according to experts from the World Economic Forum (WEF), can increase labor productivity in
companies by 40% [7]. Currently, the field of information technology is developing very rapidly and thereby changing
our lives. It should be noted that today, people cannot imagine their life without a computer, phone, Internet.
Information technology not only helps and simplifies our lives, but at the same time makes it possible to save time
and money, to protect our lives.
All of the above substantiate the relevance of reforms in the field of formation and development of the digital
economy in Uzbekistan in modern conditions. What are the advantages of digitalization processes? Digitalization
makes it possible to standardize the reliability of information, the possibility of verifying it, ensuring greater
transparency and the possibility of obtaining more information, low cost of applications and the ability to quickly
ensure compliance with supply and demand [6].
The economic and social development of Uzbekistan today is associated with the degree of digitalization,
which determines competitiveness on the world stage. Taking into account the experience of the world's economic
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