Need for revamping the systems of State regulation and essential support of entrepreneurship in the wake of the progressive globalization of Uzbekistan

Gaining independence from the Former Soviet Union since 1991, in the wake of Uzbekistan’s mandate of<br> globalization and open economy, noteworthy success has been recorded amidst the emergence of a strong need for<br> thorough and evolutionary reforms. The present article reviews and evaluates landmarks in the progression in the<br> system of regulation by the State and its support of entrepreneurship currently prevailing in the country, citing<br> parallels in other Former Soviet Republics. Based on historical evidence, four distinct historic phases are conceived,<br> clearly dividing the history of formation of entrepreneurial structures, and detailing distinct stages in the structural<br> development of State regulation and the State support of entrepreneurship, outlining essential norms and reforms for<br> subsequent progression towards the desired stated end.<br>

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