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FOREIGN EXPERIENCE IN UTILIZING LABOR POTENTIAL FOR THE DEVELOPMENT OF SMALL BUSINESS AND ENTREPRENEURSHIP

Turginova Mavludaxon Maxammadjanovna , Assistant of the department of "Economics" of Andijan state technical institute

Abstract

This article explores the international experiences of utilizing labor potential for the development of small businesses and entrepreneurship. It highlights strategies and policies from countries such as Germany, South Korea, the United States, Israel, Singapore, and India, focusing on how they leverage human capital to foster entrepreneurship. The article emphasizes the role of education systems, government support, skilled labor markets, and innovation ecosystems in creating conducive environments for small business growth. By examining foreign models, the article offers valuable insights into how countries can align their labor potential with entrepreneurial needs to stimulate economic growth, innovation, and job creation.

Keywords

labor potential, small business development, entrepreneurship, vocational training, innovation ecosystem, government support, global, entrepreneurship models, vocational education systems, economic growth, skills upgrading.

References

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FOREIGN EXPERIENCE IN UTILIZING LABOR POTENTIAL FOR THE DEVELOPMENT OF SMALL BUSINESS AND ENTREPRENEURSHIP. (2025). International Journal of Artificial Intelligence, 5(04), 457-466. https://www.academicpublishers.org/journals/index.php/ijai/article/view/3833