MECHANISMS OF STATE SUPPORT FOR FOSTERING INNOVATIVE ACTIVITIES IN THE DEVELOPMENT OF THE SERVICE SECTOR

Authors

  • Muxammadiyev Kamoliddin G'ulomiddinovich,Saidov Ozodbek G‘ayratjon o‘g‘li Samarkand institute of economics and service Author

Keywords:

Service sector, innovation, economic development, digitalization, state support, infrastructure, competitiveness, entrepreneurship, research and development, sustainability.

Abstract

The service sector plays a pivotal role in driving economic growth, improving employment rates, and enhancing living standards. In the modern economy, innovation has become a fundamental factor in transforming this sector by introducing advanced technologies, improving service quality, and meeting evolving customer demands. This paper examines the importance of fostering innovation in the service sector and highlights various state support mechanisms that can accelerate this process. Key approaches such as digitalization, infrastructure development, and financial incentives are explored as tools to promote innovation. Additionally, the socio-economic impacts of service sector development, including increased competitiveness and economic diversification, are analyzed. The findings emphasize the need for a collaborative framework between government and private enterprises to ensure sustainable growth and effective implementation of innovative strategies. Recommendations for strengthening state support and fostering entrepreneurship through research and development investments are provided.

References

1.Porter, M. E. (1990). The Competitive Advantage of Nations. Free Press.

2.Schumpeter, J. A. (1934). The Theory of Economic Development. Harvard University Press.

3.OECD. (2020). Innovation and Productivity in Service Industries. OECD Publishing.

4.World Bank. (2022). World Development Report: Digital Transformation. World Bank Group.

5.Drucker, P. F. (1985). Innovation and Entrepreneurship: Practice and Principles. Harper & Row.

6.Freeman, C. (1995). The Economics of Innovation. Edward Elgar Publishing.

7.UNCTAD. (2021). Technology and Innovation Report. United Nations Conference on Trade and Development.

8.European Commission. (2016). The Digital Economy and the Service Sector. European Union.

9.Brynjolfsson, E., & McAfee, A. (2014). The Second Machine Age: Work, Progress, and Prosperity in a Time of Brilliant Technologies. W.W. Norton & Company.

10.Tushman, M. L., & Anderson, P. (1986). Technological Discontinuities and Organizational Environments. Administrative Science Quarterly, 31(3), 439–465.

Published

2025-01-10