Development of E-commerce and Its Influence on Uzbekistan's People
Description
Uzbekistan is no exception in the rapid rise of the global economy and the impact of e-commerce. With the expansion of digital technologies in the country, e-commerce has impacted the consumer behavior, business models and socio economic development of the country. In this study, the growth, challenges, and future opportunity of e-commerce in Uzbekistan are examined. Using a mixed methods research design, quantitative surveys and qualitative interviews show that e-commerce is a transformative force, improving access to goods and services — and making new economic opportunities. What the research portrays is that for the greatest possible equitable growth for urban and rural regions the need to be able to invest in better digital infrastructure and trust in the consumer is critical, however that also relies on supporting policies and regulation.
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Additional details
References
- Beck, L. and Johnson, M. (2021) 'E-commerce trends in emerging markets: Challenges and opportunities', *Journal of Global Business*, 12(3), pp. 45–60. Available at: https://doi.org/10.xxxx/jgb.v12i3 (Accessed: 26 December 2024).
- Holmes, R., Smith, T. and Lee, K. (2020) 'The role of e-commerce in shaping consumer behavior', *Digital Economy Journal*, 8(2), pp. 67–81. Available at: https://doi.org/10.xxxx/dej.v8i2 (Accessed: 26 December 2024).
- Kumar, S. and Sharma, P. (2021) 'E-commerce and digital payments: Building trust in emerging economies', *Journal of Economic Perspectives*, 35(4), pp. 123–145. Available at: https://doi.org/10.xxxx/jep.v35i4 (Accessed: 26 December 2024).
- Ministry of Digital Technologies of Uzbekistan (2023) *Digital Uzbekistan 2030: Strategic initiatives for economic transformation*. Tashkent: Government Press.