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THE NEED FOR FOREIGN COUNTRIES TO STUDY EXPERIMENTS IN
THE DEVELOPMENT OF AN INNOVATIVE ECONOMY
Egamberdiyev Shavkatbek
Andijan mashine- building institute
3rd year student of the direction “Economics”
Toshtemirova Muxlisa
Andijan mashine- building institute
1st year student of the direction “Accounting”
Annotation. This article discusses the need to study the experiences of foreign
countries in the development of an innovative economy. The article examines foreign
experiences, including innovative strategies from developed countries, improving the
investment climate and integrating production with science. Factors such as education,
research and development activities, startup ecosystems, and public policy are also
analyzed as key components of the innovation economy. After studying the successful
experiences of foreign countries, the possibilities of their application in the development
of an innovative economy and adaptation to local conditions are shown. The article will
highlight the importance of the innovative economy and the results achieved through the
study of foreign experiences, as well as outline new directions for economic
development.
Keywords:
innovation,
strategy,
innovative
technologies,
integration,
modernization, research centers.
Introduction.
Innovative economics is a modern economic model, which is
formed on the basis of new ideas, technologies and scientific research. The development
of this economic model is important in increasing the competitiveness of countries and
ensuring sustainable growth [1]. The success of an innovative economy often depends
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on the study and use of the experience of foreign countries. Therefore, the need to study
foreign experiments is one of the pressing issues today. First, education, research and
Development (RD) activities are given special attention as the main components of the
innovation economy in developed countries, such as the United States, Germany and
Japan [2]. These countries are successful in implementing innovative ideas through
high-quality education systems and significant investment in scientific research. For
developing countries such as Uzbekistan, these experiences indicate the need to improve
the educational system and strengthen the integration of production with science.
Secondly, the measures implemented by foreign countries to improve the investment
climate should also be studied. Public policy plays an important role in attracting the
investments necessary for an innovative economy. For example, Singapore and South
Korea have managed to attract many international companies by improving their
investment environments. Their expertise helps to develop new strategies for developing
an innovative economy in local settings. Thirdly, startup ecosystems are also an
important component of an innovative economy. In the process of creating and
developing successful startups abroad, cooperation between the public and private
sectors is of particular importance. Areas such as Silicon Valley have created an
environment that allows for rapid implementation of innovative ideas. It is important for
Uzbekistan to study such experiences, support startups and promote their development.
Fourth, the flexibility of the public policy and legislative environment is also necessary
to ensure the sustainability of the innovative economy. Developed countries have been
able to create a competitive environment by introducing laws and norms that encourage
innovative activities. Uzbekistan can also contribute to an innovative economy by
improving its legislation.
Foreign experiences, including innovative strategies of developed countries,
improving the investment climate and integrating production with science, are important
factors for the successful development of the innovative economy today. The study of
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strategies implemented in these areas in developed countries, such as the United States,
Germany and Japan, can be useful for developing countries such as Uzbekistan.
First, when we talk about innovative strategies, developed countries often pay great
attention to education and research. In the United States, universities and Research
Centers, for example, attract large funds from the public and private sectors. These funds
will be directed to the development of new technologies and the implementation of
innovative ideas. And in Germany, the Industrie 4.0 program is aimed at digitizing and
automating production, which allows you to improve the quality of products and
effectively manage production processes [3]. For Uzbekistan, these experiments are
important in improving the educational system and supporting scientific research.
Secondly, the issue of improving the investment environment is also one of the
main components of an innovative economy. Countries such as Singapore and South
Korea have managed to attract many international companies by improving their
investment environments. They diversified their economies by creating favorable
conditions for investors, granting tax incentives, and simplifying the legal environment.
Uzbekistan also needs to take measures to improve legislation, develop public-private
cooperation and support foreign investors in order to improve the investment climate.
Thirdly, the integration of production with science is an important aspect of an
innovative economy. Developed countries often establish close cooperation between
universities and industry. In Japan, for example, there is a constant relationship between
R & D centers and manufacturing companies, which makes it possible to quickly
develop new technologies. For Uzbekistan, such integration helps to put innovative
ideas into practice by creating bridges between science and production.
Fourth, the public policy of developed countries plays an important role in ensuring
the stability of the innovative economy. They were able to create a competitive
environment by drafting and implementing laws that encouraged innovative activities.
For example, in the United States, the patent system is important in protecting
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innovation, which encourages entrepreneurial activity. Uzbekistan can also contribute
to an innovative economy by improving its legislation.
The success of an innovative economy depends on several key components that
include education, research and development activities, startup ecosystems, and public
policy. Education is the foundation of an innovative economy. A high-quality education
system provides the younger generation with modern knowledge and skills. Educational
institutions play an important role not only in the provision of theoretical knowledge,
but also in the development of practical skills. Education in the areas of STEAM
(science, technology, engineering, arts and mathematics), which are important for an
innovative economy, helps to increase the creativity and problem-solving skills of young
people. In countries such as Uzbekistan, it is important to improve the education system
and encourage scientific research.
Research and Development (RD) activities are another important component of
innovation economics. Through RD, new products, services and technologies will be
developed. Developed countries allocate large funds to Rd, which increases their
competitiveness. Collaboration between research centers, universities, and industries
plays an important role in putting innovative ideas into practice. It is possible for
Uzbekistan to promote economic growth by developing Rd, financing scientific research
and integrating them into industry.
Startup ecosystems are an integral part of the innovation economy. Startups play
an important role in the implementation of new ideas and technologies [4]. They can
quickly adapt to changing market conditions and create new jobs. Incubators,
accelerators and investment funds are needed to develop the startup ecosystem. These
organizations provide startups with the resources, advice, and financial support they
need [5]. By strengthening Uzbekistan's startup ecosystem, it is possible to implement
innovative ideas and stimulate economic growth.
Public policy plays an important role in the success of an innovative economy. In
a favorable legislative and regulatory environment created by the State, opportunities
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for stimulating entrepreneurial activity, attracting investments and supporting
innovation expand. Programs, grants and benefits that encourage innovative activities
must be provided by the state. The programs of the government of Uzbekistan aimed at
the development of innovation contribute to the formation of an innovative economy in
the country.
Conclusion.
It is important to study the experiences of foreign countries in the
development of an innovative economy. In order to form competitive economic systems
and put innovative ideas into practice, it is necessary to use the successful experiences
of other countries, learn from their achievements and mistakes. Such experiments can
be applied in areas such as improving the educational system, stimulating research and
development activities, developing startup ecosystems, and effectively organizing
public policy. By studying foreign experiences, Uzbekistan will have the opportunity,
for example, to introduce advanced technologies, increase the production of innovative
products and accelerate the transition to the digital economy. It is also possible to ensure
the sustainable development of an innovative economy by strengthening international
cooperation and attracting investment. As a result, the study of the experiences of foreign
countries will serve the successful development of an innovative economy and increase
the global competitiveness of Uzbekistan.
References:
1.
Xodiyev B.Y., Shodmonov Sh.Sh. .Iqtisodiyot nazariyasi: Darslik. – T.: “Barkamol
fayz media”, 2017.
2.
Abdusattarova X.M. Innovatsiya strategiyasi. O’quv qo’llanma - T.: TDIU, 2011.
3.
Taraxtiyeva G.K. Innovatsion menejment. O‘quv qo‘llanma. – T.: «Fan va
texnologiya», 2013.
4.
A.Taniyev. “Innovatsion iqtisodiyot”. Darsik. – Samarqand: SamDU nashri, 2020
y.– 460 b.
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Ergashxo‘jayeva Sh.J. Innovatsion marketing. Darslik. – T.: Cho‘lpon nomidagi
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