Tashkent, Uzbekistan (UzDaily.com) -- The Agency for Strategic Reforms suggests developing a strategy for the development of the sharing economy until 2030. At the same time, it proposes to create a communication system that connects tenants and property owners.

The Agency for Strategic Reforms has studied the issues related to the development of the sharing economy.

With the aim of accelerating modern reforms in the service sector and further diversifying the economy, the Agency for Strategic Reforms has examined the implementation of the sharing economy model in the republic.

What is the sharing economy? In the sharing economy model, the need for resources, products, and services is satisfied not by their direct purchase but by their shared use or rental for a certain period. Based on the "win-win" principle, which represents a model of mutual benefit, the sharing economy provides consumers with the opportunity to meet their needs while allowing owners to generate additional income.

In recent years, sharing economy services have become increasingly popular worldwide. According to the reputable business platform Statista.com, the total value of the sharing economy worldwide is US$150 billion, and by 2031, this figure is expected to reach US$794 billion.

The relevance of this model today is closely related to the share of the "shadow economy" in our country, the exacerbation of environmental problems in the region, and the growth of consumer society among the population of Uzbekistan.

The sharing economy model has the following advantages:

Firstly, this model reduces overall consumption and costs for consumers. The sharing economy maximizes the utility of existing goods and services, reduces the need for constant production and consumption of new goods, and helps efficiently utilize resources by minimizing waste, making a significant contribution to environmental sustainability. Participants in the sharing economy can rent goods or services for a certain period at a lower price than buying them.

Secondly, it stimulates innovative ideas and creates new jobs. The implementation of sharing economy models often leads to the emergence of innovative business ideas and the development of new technologies and platforms. New platforms allow participants to use goods or services when and how they want.

Thirdly, it allows people to monetize unused assets. Citizens can earn additional income and effectively utilize their assets by renting out their own real estate.

For example, in Germany, there is a significant growth in short-term car rental (car sharing). It is expected that companies like Flinch and Car2Go have increased their user base to over 2 million in 2022. Additionally, in 2023, approximately 10 million tourists used the Airbnb platform to rent short-term accommodation in Germany.

In 2024, 100 million people used the BlaBlaCar platform for carpooling in France. In addition, the number of users of the "Freelance Service" (skill sharing) is increasing every day. The site 5euros.com primarily helps freelancers find clients and establish direct contact with them to solve various tasks.

Currently, the largest market for the sharing economy in the world is the United States, where more than 86 million people regularly use this type of consumer services, accounting for 45 percent of the global share.

The size of the sharing economy in Russia is 1.07 trillion rubles (1.2% of GDP), and in China, it is US$230 billion or 1.67% of the country’s GDP.

Based on the promising opportunities of the sharing economy, the following measures are proposed for implementation:

Developing a Sharing Economy Development Strategy by 2030. At the same time, create a communication system that connects tenants and property owners.

Strengthening legal guarantees for the protection of property rights between organizations and tenants. For example, creating a system of short-term rentals without notarization and registration of property.

Developing modern infrastructure in cities and regions for the sharing economy, including car sharing and bike sharing.

Financial support for the sharing economy. Extensive use of preferential grants, investment venture programs, and startup and innovative business idea subsidy programs.

Developing a policy to protect and ensure the confidentiality of data for participants in the sharing economy.