Need for revamping the systems of State regulation and essential support of entrepreneurship in the wake of the progressive globalization of Uzbekistan
Authors/Creators
- 1. Lecturer, Department of Economics and Management, Termez State University, Termez, Republic of Uzbekistan
- 2. Former Vie-Chancellor, Dr. PDKV Agriculture University, Akola, India, and Visiting Professor, Department of Economics and Management, Termez State University, Termez, Republic of Uzbekistan
Description
Gaining independence from the Former Soviet Union since 1991, in the wake of Uzbekistan’s mandate of
globalization and open economy, noteworthy success has been recorded amidst the emergence of a strong need for
thorough and evolutionary reforms. The present article reviews and evaluates landmarks in the progression in the
system of regulation by the State and its support of entrepreneurship currently prevailing in the country, citing
parallels in other Former Soviet Republics. Based on historical evidence, four distinct historic phases are conceived,
clearly dividing the history of formation of entrepreneurial structures, and detailing distinct stages in the structural
development of State regulation and the State support of entrepreneurship, outlining essential norms and reforms for
subsequent progression towards the desired stated end.