Improvement of labor protection financing mechanisms in the context of modernization of the Uzbek economy

Abstract

The present study analyzes the links between the level of financing of labor protection and the effectiveness of the safety management system in enterprises in the context of economic modernization. Comparative analysis shows that companies that adopt integrated approaches to labor protection, including international standards such as ISO 45001. Companies that implement targeted safety programs and invest in staff training, technical safety and digital control show more sustainable development and positive production dynamics. However, the study also identified a number of systemic obstacles that prevent the widespread adoption of best practices. First of all, these are the fragmentation and instability of financial flows, the inadequacy of insurance mechanisms and the lack of effective institutional incentives for employers. These problems are particularly serious in small and medium-sized enterprises, where labor protection is often reduced to the formal implementation of minimum requirements without real investment in safety. This indicates the need to move from a reactive model of risk management to a proactive one – in which labor protection is considered not as a financial burden, but as an element of the strategic development of the enterprise.