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Poverty Reduction Strategies Based On The Development Of Small Businesses

Authors

  • Oybek Abdullaevich Aripov

    Head of the Department of Economics, Namangan State Technical University
    Author
  • Muhammadali Ismailov

    Lecturer at the Department of Management, University of Business and Science
    Author

Keywords:

poverty reduction, small business development, entrepreneurship, economic growth, employment, financial inclusion, sustainable development.

Abstract

Poverty remains one of the most persistent global challenges of the 21st century, affecting millions of individuals across both developed and developing nations. As governments, economists, and international organizations strive to devise sustainable solutions, small business development has emerged as one of the most effective and inclusive strategies for poverty reduction. This article explores how the growth and empowerment of small businesses can serve as a powerful catalyst for alleviating poverty. It examines the relationship between entrepreneurship, employment creation, innovation, and local economic development, emphasizing the importance of access to finance, capacity building, and government support. The discussion also highlights the role of technology, education, and gender inclusion in empowering marginalized groups. By analyzing successful models from various countries, the paper underscores how small business development contributes not only to poverty reduction but also to long-term socio-economic stability.

References

Demirgüç-Kunt, A., & Klapper, L. (2022). Financial inclusion and development: Recent impact and lessons. World Bank Publications.

OECD. (2022). Financing SMEs and entrepreneurs 2022: An OECD scoreboard. Organisation for Economic Co-operation and Development.

UNCTAD. (2023). World investment report 2023: Investing in sustainable energy for all. United Nations Conference on Trade and Development.

UN Women. (2023). Women’s economic empowerment in the changing world of work. United Nations Entity for Gender Equality and the Empowerment of Women.

World Bank. (2024). Poverty and shared prosperity 2024: Growth and resilience in uncertain times. World Bank Group.

Yunus, M. (2020). A world of three zeros: The new economics of zero poverty, zero unemployment, and zero net carbon emissions. PublicAffairs.

Zeller, M., & Meyer, R. L. (2021). The triangle of microfinance: Financial sustainability, outreach, and impact. Johns Hopkins University Press.

Downloads

Published

2025-10-14

How to Cite

Aripov, O. A., & Ismailov, M. (2025). Poverty Reduction Strategies Based On The Development Of Small Businesses. International Conference on Global Trends and Innovations in Multidisciplinary Research, 1(4), 127-130. https://tlepub.org/index.php/2/article/view/350