Financial support for business subjects in the innovative development of the Uzbek economy

Karakalpak State University, 1, Ch.Abdirov street, Nukus, 230112, Uzbekistan

^* Corresponding author: karsu_info@edu.uz

Abstract

The degree of economic influence of the state on the national economy is determined by the quality of regulation. The essence of state regulation in the world is that the state does not do business, because the government can regulate the market more effectively than by being present on it. Effective government regulation is a development factor. In the world, the decision-making process is greatly facilitated by the high degree of harmonious interaction between business and government that has existed since pre-war times. Such interaction clearly reflects the specifics of the Eastern approach to interaction with economic processes, the Asian version of the implementation of the principles of market motivation in the economy. The article shows the world model of the economy and in connection with the intensification of the process of modernization of the national economy and the transition to an innovative path of its development in the context of economic and political sanctions that impede the growth of entrepreneurial activity in Uzbekistan, the problem of adapting state support measures for innovative small and medium-sized enterprises to existing conditions requires systematic study of recent changes in foreign models of financial support for innovation.