THE ROLE OF THE DIGITAL ECONOMY IN THE DEVELOPMENT OF SMALL BUSINESSES
Keywords:
Digital economy, small business development, digital transformation, entrepreneurship, innovation.Abstract
The digital economy has become a vital driver for the development and growth of small businesses worldwide. This article explores the significant role that the digital economy plays in fostering innovation, improving efficiency, and expanding market reach for small businesses. The study also examines challenges that small businesses face in embracing digitalization and provides recommendations for leveraging digital transformation to enhance competitiveness.
References
Darmody, A., & Zwick, D. (2020). Manipulating the social flow: digitization, digitalization, and digital transformation. Journal of Consumer Culture, 20(3), 265-284.
EY. (2021). Global Information Security Survey 2021. EY. https://www.ey.com/en_gl/consulting/global-information-security-survey-2021
International Trade Centre. (2020). SMEs and the digital economy. ITC.
Kraus, S., Palmer, C., Kailer, N., Kallinger, F. L., & Spitzer, J. (2021). Digital entrepreneurship: A research agenda on new business models for the twenty-first century. International Journal of Entrepreneurial Behavior & Research, 27(1), 196-214.
Kshetri, N. (2018). Blockchain’s roles in strengthening cybersecurity and protecting privacy. Telecommunications Policy, 42(3), 399-410.
McKinsey. (2019). Digital adoption and growth of SMEs. McKinsey & Company.
OECD. (2020). The digital economy 2020. OECD.
UNCTAD. (2019). Digital economy report 2019. United Nations.
UNDP. (2020). Digital transformation and entrepreneurship in Uzbekistan. UNDP.
Uzbekistan Ministry for Development of Information Technologies and Communications. (2020). Digital Uzbekistan 2030 Strategy.