Innovation science and technologiy 1-tom 12-san (2025)
THE EXPERIENCE OF GERMANY IN DEVELOPING SMALL AND MEDIUM ENTERPRISES
Annaklichev, Saxi
Annotaciya
This article provides a systematic analysis of the institutional, financial, and organizational mechanismssupporting small and medium-sized enterprises (SMEs) in Germany. The primary objective of the study is to identifyeffective government policy instruments aimed at fostering SME development by examining Germany’s experience andto assess their economic outcomes.The analysis demonstrates that SME support in Germany is implemented through a comprehensive and long-term policyframework characterized by strong public–private partnerships, a stable and transparent institutional environment, anddiversified financing mechanisms. Key instruments include development banking through KfW, credit guarantee schemes,innovation and investment support programs, and market-based scale-up finance tools. These mechanisms play a crucialrole in enhancing the competitiveness of SMEs, promoting innovation, expanding employment opportunities, and ensuringsustainable economic growth.Furthermore, the article explores the potential for adapting Germany’s SME development model to the context ofdeveloping economies, with particular emphasis on Uzbekistan. Based on the analysis, practical policy recommendationsare proposed to improve access to finance, strengthen institutional capacity, and support innovation-driven growth amongSMEs. The findings suggest that selective and context-sensitive adaptation of Germany’s experience can significantlycontribute to the sustainable development of the SME sector in emerging economies
small business, government support, experience of developed countries, institutional mechanisms, financing, economic stability
Metadata derekkózi: jurnal OAI-PMH arxivi · Sindex tolıq mátindi saqlamaydı, derekkózge silteme beredi.