Abstract Book of the 3rd World Conference on Business, Management, and Economics
Year: 2025
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An Overview of The Impact of Small Business on The Economic Development in Emerging Economies: The Case of Uzbekistan
Prof. Dr. Rustam Azimov
ABSTRACT:
Small enterprises play a significant role in the economies of emerging countries, serving as key drivers of economic growth, job creation, improved living standards, and poverty reduction. They act as sources of innovation, resilience for local economies, and integration points for emerging markets into global production and consumption chains. This paper examines the impact of small businesses on economic development, the socio-economic effects of their activities, as well as the challenges and obstacles they face in the context of developing economies. Particular attention is given to government support measures aimed at improving the operating environment and fostering the growth of small enterprises.
Keywords: small business, emerging economy, economic growth, employment, innovation, government support, social development