Volume 03 Issue 04-2023
109
American Journal Of Social Sciences And Humanity Research
(ISSN
–
2771-2141)
VOLUME
03
ISSUE
04
Pages:
109-116
SJIF
I
MPACT
FACTOR
(2021:
5.
993
)
(2022:
6.
015
)
(2023:
7.
164
)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
ABSTRACT
The fact that our country, like most developed countries, has chosen the path of development of the digital economy
opens up new directions in the field of information technology and in general, in the field of electronic document
circulation. The turning of society towards digital technologies was caused by the improvement of the quality of the
global Internet network and the development of communication systems. As a result, it became possible to exchange
and collect a large amount of data, which, in turn, allows us to process the collected information, make predictions,
make informed decisions and profit in a variety of ways. And for all this, it will be necessary to create a compatible
infrastructure, in other words, an ecosystem of global information platforms. there is a need to do. These issues need
to be resolved quickly, as delay in this regard can lead to serious risks. It is not the myth or reality of the digital economy
that plays an important role in the changes taking place now, but how these changes serve society.
KEYWORDS
Political upheavals, conflicts, unprecedented divisions, nationalism, misunderstandings, revolutions.
INTRODUCTION
The fact that our country, like most developed
countries, has chosen the path of development of the
digital economy opens up new directions in the field of
information technology and in general, in the field of
Research Article
PROS AND CONS OF THE DIGITAL ECONOMY
Submission Date:
April 20, 2023,
Accepted Date:
April 25, 2023,
Published Date:
April 30, 2023
Crossref doi:
https://doi.org/10.37547/ajsshr/Volume03Issue04-19
Murotjonova Mubina Dilshod Qizi
Jizzakh Branch Of The National University Of Uzbekistan Named After Mirzo Ulugbek, Faculty Of
“
Psychology
”, 5230100
- Economy (By Industries And Sectors), Student Of Group 140-20, Uzbekistan
Journal
Website:
https://theusajournals.
com/index.php/ajsshr
Copyright:
Original
content from this work
may be used under the
terms of the creative
commons
attributes
4.0 licence.
Volume 03 Issue 04-2023
110
American Journal Of Social Sciences And Humanity Research
(ISSN
–
2771-2141)
VOLUME
03
ISSUE
04
Pages:
109-116
SJIF
I
MPACT
FACTOR
(2021:
5.
993
)
(2022:
6.
015
)
(2023:
7.
164
)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
electronic document circulation. The turning of society
towards digital technologies was caused by the
improvement of the quality of the global Internet
network and the development of communication
systems. As a result, it became possible to exchange
and collect a large amount of information, which, in
turn, allowed to process the collected information
allows you to make predictions, make informed
decisions and profit in a variety of ways. And for all this,
it will be necessary to create a compatible
infrastructure, in other words, an ecosystem of global
information platforms. there is a need to do. These
issues need to be resolved quickly, as delay in this
regard can lead to serious risks. It is not the myth or
reality of the digital economy that plays an important
role in the changes taking place now, but how these
changes serve society. Today, we see how technology
is fundamentally changing the public service industry.
New business models are emerging, such as Uber,
which cut out middlemen and lead to direct customer-
supplier connections. Earlier, similar changes took
place in the financial sector and telecommunications. A
number of fundamental changes are also observed in
the industry, because the appearance of digital
enterprise and the digital image of a person - robots
can seriously change the functional model of the whole
humanity. This shows that information technology is
gradually taking the place of people. This situation is a
manifestation of the digital economy. True, no one
knows yet what drastic changes will take place in our
country due to the digital economy. Due to objective
and subjective reasons, there are some doubts that the
digital transformation of the industry will take place
quickly in the current conditions of technical and
technological backwardness. One of the bright
examples of the development of digital platforms is
China, which has the e-commerce system Alibaba.
company can be mentioned. The experience of its use
shows that the process of data collection creates a
competitive advantage for expansion into various
sectors of the economy. Alibaba is not just a digital
platform,
but
an
ecosystem
of
platforms.
Understandably, the power of such an ecosystem will
be greater than the power of individual platforms.
Even the US is in the race these days are losing,
because there it is necessary to integrate different
platforms, and in China, development in this area has
been gradual at the expense of increasing efficiency -
the transition from one platform to another. a lot
depends on the position of the state, of course. It is
important that everything does not go to a single state
platform that unites everything and transfers it to the
“number”, that is, “The task of the state is not to do
something instead of business, but simply - not to allow
business”. In China, the Alibaba system is also state it
did not appear because he created some platform for
it. He just created the conditions for the emergence of
such a platform. Although the government has helped
Alibaba, it has done so as a commercial enterprise, not
Volume 03 Issue 04-2023
111
American Journal Of Social Sciences And Humanity Research
(ISSN
–
2771-2141)
VOLUME
03
ISSUE
04
Pages:
109-116
SJIF
I
MPACT
FACTOR
(2021:
5.
993
)
(2022:
6.
015
)
(2023:
7.
164
)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
as a state-owned corporation, and its services are used
only because it is competitive.
The task of the state is to create general rules, and
business begins to change and develop based on these
general rules, because under the influence of laws, the
business environment changes and competition
grows. Seriously cumulative effectiveness can arise not
due to the creation of a common platform, but due to
the emergence of an infrastructure that is closely
related to the collection of many independent
organizations and products, each of which is engaged
in its own work. But it is important to develop the
necessary standards and protocols at the highest
quality level. In our opinion, this situation is a step that
makes the state friendly with its goals, that is, a
business interested in science, which can determine
the needs of the economy from its results. In other
words, the digital economy can combine government,
business and science. In order to be able to coexist
with other international systems and practical
mechanisms in the digital economy, data models and
documents in the “common window” mechanism
should be organized on the basis of international
standards and recommendations. When creating a list
of information that covers the information of the initial
list of messages and documents that need to be
harmonized, as well as when forming a national data
model, it is necessary to describe and specify them in
accordance with the requirements of international
standards.
The development of e-commerce, which is part of the
digital economy, in Uzbekistan can be conditionally
divided into two periods: the period before 2015 and
the period after. Until 2015, active work was carried out
on the development and preparation of the regulatory
legal framework in our country. defined the main
directions, the expansion of the competitive
environment,
the
organization
of
modern
infrastructure and the creation of additional jobs, as
well as the forms and ways of further improving the
legislation on electronic commerce. However, to date,
the measures reflected in the concept it can be said
that the measures are not fully implemented. For
example, a number of decisions aimed at the
development of e-commerce have not been adopted in
the legal framework. In particular, mass sending of
electronic messages or electronic documents,
placement of advertisements in electronic commerce
is not approved. At the same time, on May 14, 2018, the
President of the Republic of Uzbekistan Shavkat
Mirziyoyev signed the Resolution
“On measures for
rapid development of electronic commerce”. This
document reflects a number of activities aimed at
improving electronic commerce in Uzbekistan. But, in
general, it can be said that Uzbekistan is moving in this
direction, in a very fast developing network, which is
unacceptably slow and protracted. It is worth noting
Volume 03 Issue 04-2023
112
American Journal Of Social Sciences And Humanity Research
(ISSN
–
2771-2141)
VOLUME
03
ISSUE
04
Pages:
109-116
SJIF
I
MPACT
FACTOR
(2021:
5.
993
)
(2022:
6.
015
)
(2023:
7.
164
)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
that today users use Telegram to order food products
are actively using their bots. Uzbek consumers are also
actively paying for internet or phone services through
mobile applications. This indicates that the people of
Uzbekistan believe in electronic transactions, but so far
users are not very ready to increase the average
purchase volume by performing small transactions
that do not require large expenses. The average size of
the user of electronic transactions in Uzbekistan
ranges from 50 thousand to 200 thousand sums. As for
the choice of products, most of the respondents
preferred to buy clothes, as well as household
appliances and electronics via the Internet.
Automobiles and real estate items were the least
purchased goods over the Internet. This can be
explained by the fact that at the moment the user is
not yet ready to give large amounts of money in the
“online” mode. In addition, users actively use payment
systems such as UzCard, VISA, MasterCard. The least
popular systems are Union Pay, WebMoney and
cryptocurrencies. When it comes to problems with
purchasing products online, almost all respondents
mentioned payment difficulties, poor product/service
quality, long delivery times, and expensive prices. Thus,
based on the information obtained as a result of the
public survey, we can mention a number of problems
and shortcomings that are stopping the development
of electronic commerce in Uzbekistan:
1. The fact that the population does not trust electronic
transactions;
2. The high cost of delivery;
3. Low quality of goods/services;
4. Fear of fraud;
5. Low level of computer literacy.
However, at the same time, other social surveys
conducted among the population show that the
population of Uzbekistan is relatively ready to
implement electronic transactions, but during their
implementation, the user pushes the average
consumer beyond and O Uzbekistan faces a number of
problems that slow down the development of
electronic commerce.
The age of information technologies has determined a
number of new ideas and rules for the development of
the economy. The field of digital economy, which is
currently interesting for a narrow circle of
theoreticians-scientists, is a market model with great
potential in our country, because:
•
information is a priority commodity and this
resource is not limited at all;
•
the network market is huge and democratic,
and the main thing in it is the boundaries of networks
easily “washes off”;
Volume 03 Issue 04-2023
113
American Journal Of Social Sciences And Humanity Research
(ISSN
–
2771-2141)
VOLUME
03
ISSUE
04
Pages:
109-116
SJIF
I
MPACT
FACTOR
(2021:
5.
993
)
(2022:
6.
015
)
(2023:
7.
164
)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
•
the success of the project or company in terms
of personnel and finances
does not depend on the size of assets;
•
hardware capabilities are multi-use, universal,
timeless and quality becomes a non-lossy tool;
•
competitive conditions are changing because
the digital environment is fast intellectual solutions are
superior to any strong physical base.
The measures of our country for the development of
the digital economy lead to the formation of several
new effective directions in the field of information
technologies and electronic document circulation.
However, it is necessary to pay special attention to the
following questions in the digitalization of the
economy:
What are the results of the digitization of the
economy? What should be the program of action in
such new conditions? What should be the main focus in
digitalization of the economy? Experts have different
opinions on what the digital economy is. According to
a number of scientists, "the digital economy is the next
marketing event, because we have been providing
information for 15-20 years.
we are witnessing the penetration of technologies into
all areas, there can be no talk of any cardinal change or
some kind of revolution. The digital economy is a
marketing brand that came from the West, it started
with digital
transformation, and now the words “digital
economy” has started to be heard. According to
another group of scientists, the current digital
transformation process is not a myth or a reality, but
rather how these technologies bring innovations to
society: “
It is clear to us how digital technologies have
changed the field of public services. And now Uber,
Alibaba
Group,
Amazon,
Cryptocurrency
and
Blockchain are all new businesses models are emerging
and they allow to establish a direct relationship
between the buyer and the customer. A similar
transformation is taking place in the fields of finance,
banking, and insurance. After the emergence of digital
production and the digital copy of a person, the
production model will also change radically. And these
will lead to information technologies gradually taking
the place of people, and will sharply increase
production productivity - this situation is understood as
a digital economy”. But if we take into account the
technical backwardness of our country, we can see
that the amount of profit from the digital economy will
be slightly higher than the expenses spent on it.
Currently, efforts are being made to establish a global
platform for e-commerce similar to the World Trade
Organization in China. In this case, the Chinese state
will also collect taxes from all participants of global
electronic trade. However, other countries - the USA,
Japan, the European Union and Russia - are also
actively working in this field, and their e-commerce.
Volume 03 Issue 04-2023
114
American Journal Of Social Sciences And Humanity Research
(ISSN
–
2771-2141)
VOLUME
03
ISSUE
04
Pages:
109-116
SJIF
I
MPACT
FACTOR
(2021:
5.
993
)
(2022:
6.
015
)
(2023:
7.
164
)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
They hope to get their shares. In such large
ecosystems, large companies compete with each
other, and small companies can find their place in this
ecosystem using the new opportunities of electronic
commerce.
In such a global issue as the transition to the digital
economy, a lot depends on how the state reacts to it.
Currently, our country has taken the first step towards
the transition to the digital economy, and the created
program and the concept of the transition to the digital
economy will largely determine how things will go.
How to imagine the digital economy from the
perspective of the future? In our opinion, this is an
objective process, and we have no way to stop it. But
like any developing process, there are pros and cons.
First of all, due to the development of the digital
economy and the replacement of manual labor with
technology, jobs will decrease significantly. The
positive aspects are the emergence of convenience,
increase in production productivity, before it is the
emergence of new opportunities that have not even
been imagined. But the main problem is not even that,
the problem is related to the person - is the person
ready for such global changes? Won’t technologies
lead
to
great
political
upheavals,
conflicts,
unprecedented
divisions,
nationalism,
misunderstandings a
nd revolutions? Won’t robots and
artificial intelligence systems replace humans and
become
their
competitors?
Because
digital
transformation is another stage of human evolution. If
we look at history, such changes have happened many
times. New technologies were created and they took
the place of traditional specialties. But as a result of
this, people have benefited in most cases. Of course,
such processes turn out to be bad only for those who
cannot adapt. But most people can adapt, and as a
result, human life will become more prosperous and
better.
One of the main features of the digital information
market is speed and ease of decision making. Heavy
manufacturing base is in last place here stands big
corporations that seem to be around forever and have
huge market shares in the network will give way in a
few years to companies with no history at all. it is
impossible to stretch. This is a natural and cruel stage
of evolution, in which those who live by the rules and
standards of the previous century are left behind. It
would be appropriate to compare them to dinosaurs.
Infonomic is a relatively new science that emphasizes
the value of information as an economic asset. The
authors
of
this
methodology
recommend
comprehensive evaluation of information, not
individual files, and call for the use of openness as one
of the main criteria of information value - the more
difficult it is to obtain information, the more valuable it
is.
In this case, the evaluation of communication channels
- the value of information is determined by the benefit,
Volume 03 Issue 04-2023
115
American Journal Of Social Sciences And Humanity Research
(ISSN
–
2771-2141)
VOLUME
03
ISSUE
04
Pages:
109-116
SJIF
I
MPACT
FACTOR
(2021:
5.
993
)
(2022:
6.
015
)
(2023:
7.
164
)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
level of influence, quantity and openness for interested
parties within a certain communication sector.
Monetization of algorithms - the process of
determining their economic potential. The evaluation
algorithm is specific and universal is a commodity and
can be used in different markets and sectors.
Information as a commodity does not have a
centralized authority responsible for the economic
justification of processes, technologies and algorithms
at this stage. Thus, there are no clear standards for
evaluating information assets. But it is he who opens
up a world of great benefits to enterprising and
enterprising companies and individuals. Whoever is
first gets what they want, and those who follow can
only take what's left (it’s w
inner-takes-all). It is short-
sighted to consider old business schemes to be 100%
anachronistic. The boundaries between networks are
disappearing, new opportunities are emerging, but at
the base of any commercial relationship there is always
one simple desire - the desire to sell or buy goods or
services. adaptation is the only correct and, most
importantly, effective solution in such a situation.
Based on the above, we can say that the process of
digital economy is changing the following:
➢
business models and portfolio of available
services;
➢
standards of behavior in relations with
customers and partners;
➢
paid special attention to training and
motivation of personal content existing
corporate culture;
➢
virtualization, that is, IT-departmental level of
responsibility and regulations;
➢
organization of the company's infrastructure
taking into account new technologies,
software-hardware requirements of the
environment, interests of customers and
partners.
It is noteworthy that the changes for the purpose of
improving any of the mentioned items can involve the
business models of the company and the elements
working with it, leaving aside the passive assets. Only
the sector needed to work here and now will change.
Thus, the digital economy is mobile compared to
volatile physical assets. Due to this, the existing funds
and mechanisms should not be violated. A timely audit
and a good understanding of the happenings are
enough incentives to start moving in the right
direction.
Digital economy risks and problems. New risks and
challenges are associated with the development and
widespread adoption of digital technologies, and in our
opinion, the following are the main ones:
➢
threat to the “digital sovereignty” of the
country;
Volume 03 Issue 04-2023
116
American Journal Of Social Sciences And Humanity Research
(ISSN
–
2771-2141)
VOLUME
03
ISSUE
04
Pages:
109-116
SJIF
I
MPACT
FACTOR
(2021:
5.
993
)
(2022:
6.
015
)
(2023:
7.
164
)
OCLC
–
1121105677
Publisher:
Oscar Publishing Services
Servi
➢
reconsidering the cross-border role of the state
in the digital economy exit;
➢
intrusion into private life/possibility of
potential monitoring of citizens;
➢
decrease in the level of data security;
➢
decrease in the number of low- and medium-
skilled jobs;
➢
increase in complexity of business models and
communication schemes;
➢
sharp increase of competition in all sectors of
the economy;
➢
changes in the behavioral models of producers
and consumers;
➢
the need to revise the administrative and tax
codes.
REFERENCES
1.
Lane N. (1999) Advancing the digital economy
into the 21st century. Infor- mation Systems
Frontiers, vol. 1, no 3, pp. 317-320.
2.
Mesenbourg T.L. (2001) MeasuringtheDigital
Economy, US Bureau of the Census, Suitland.
Available at: (acc. 01/02/20). ions. Canberra:
DBCDE (2009) Australia's Digital Economy:
Future Direct.
3.
Department of Broadband, Communications
and the Digital Economy G20 DETF (2016) G20
Digital
Economy
Development
and
Cooperation
Initiative.
Available
at:
http://www.g20.utoronto.ca/ (accessed Febr.1,
2020).
4.
Machlup F. The Production and Distribution of
Knowledge ni the United States. -NJ.:
Princeton, 1962. - 283 p.
