Development of the Country’s Economy Through the Development of the Stock Market in Developing Countries

Abstract

This article explores the pivotal role of stock market development in driving economic growth and stability in
developing countries, with a focus on Uzbekistan. It identifies key challenges faced by developing nations and offers
strategic recommendations to unlock the transformative potential of a thriving stock market. Recommendations encompass
regulatory enhancements, investor education, infrastructure development, investor protection, foreign investment
promotion, market information accessibility, diversification of listing requirements, and collaboration for capacity building.