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Vol. 11 No. 10 (2024)
International Multidisciplinary Journal for Research & Development

Articles

PRIVATIZATION OF PUBLIC ENTERPRISES AND ITS IMPACT ON DEVELOPMENT

Published 2024-10-17

  • Bozorboyev Diyorbek Po‘lat o‘g‘li

Bozorboyev Diyorbek Po‘lat o‘g‘li
Student of Jizzakh branch of the National University of Uzbekistan named after Mirzo Ulugbek

Abstract

This article examines the process and stages of privatization of state enterprises and its impact on economic development. Privatization is the transfer of ownership of state property from the state to private individuals, and these reforms are carried out in order to increase competitiveness and ensure efficiency in the state. The article analyzes the positive impact of privatization, typical of Uzbekistan and other countries, on economic growth, ensuring a competitive environment in market conditions, and investment attractiveness. This article also discusses the negative and positive aspects of privatization. It is important for the development of the private sector to serve the sustainable growth of the country's economy by reducing the monopoly in the state economy, introducing new technologies and strengthening such basic programs.

Keywords

privatization, private sector, competition, state ownership, monopoly

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