SOLUTION OF SOCIAL PROBLEMS IN
MANAGEMENT AND ECONOMY
International scientific-online conference
5
THE NECESSITY OF ATTRACTING FOREIGN INVESTMENTS FOR
THE ECONOMIC WELL-BEING OF THE COUNTRY
Tulaganova Rukhshona Farrukh qizi
- Student of Tashkent State University of Economics, Tashkent, Uzbekistan.
Email: rukhshonatulyaganova@gmail.com
Ochilov Bobur Bakhtiyor ugli
- Senior lecturer of TDIU
https://doi.org/10.5281/zenodo.11505297
In the current process of globalization, all countries set their main goal to
become one of the most developed countries in the world by developing and
stabilizing their economy and improving their macroeconomic indicators. A
developed economy is inextricably linked with the stable growth of the country's
macroeconomic indicators, as well as the increase of the country's all-round
contribution to the world market, and the positive indicators of the level of well-
being of the population. One of the most effective ways to comprehensively
develop the country is to increase the weight of domestic and foreign
investments attracted to the country. Many developed countries have widely
used the method of attracting foreign capital to the country in the way of
economic and social development of their country. After all, by channeling the
capital of investments that have entered the country, industries such as
production and service will develop in the country, and the country's economy
will be diversified. Along with foreign investments, new branches of the industry
such as automotive, electronics, tourism, IT and completely new industries are
coming to backward or developing countries whose economy is based on
agriculture. It is worth noting that as a result of foreign investments, the country
received new world standards technical and technological tools, production
facilities, franchise, know-how, and intangible assets that allow to reach new
heights in production, service and management - theoretical information and
practical skills based on new knowledge and experience of foreign investors,
managers, workers and specialists are coming. This, in turn, will lead to the
development of existing industrial sectors in the country, the production of
export-oriented products that combine high quality and affordable prices, the
increase in export volume and potential, and the increase in the weight of
exports in the country's commodity balance. One of the main benefits of
attracted foreign capital for the recipient countries is the improvement of the
existing infrastructure and the creation of favorable conditions for the
population.
SOLUTION OF SOCIAL PROBLEMS IN
MANAGEMENT AND ECONOMY
International scientific-online conference
6
Investment and investment environment are broad concepts, which are
interpreted in different ways in the regulatory documents of different countries
and in official documents related to the activities of international financial
organizations. First of all, the Law of the Republic of Uzbekistan dated December
25, 2019 No. O'RQ-598 "On Investments and Investment Activities" defines this
term as follows: "Investments - social sphere for the purpose of profit by the
investor , tangible and intangible assets and rights to them, including rights to
intellectual property objects, as well as reinvestments, which may include: funds
, including cash (including foreign currency), targeted bank deposits, shares,
shares, shares, bonds, promissory notes and other securities; movable and
immovable property (buildings, structures, equipment, machines and other
material assets)".
To increase the country's investment environment and its attractiveness
in the Republic of Uzbekistan, to ensure the protection of the rights of investors
in the country, and to develop and implement a strong legal system in this
regard, by exempting them from certain types of taxes and duties or granting
them privileges, providing preferences the growth rate of investments entering
our country is increasing year by year (Fig. 1).
Figure 1. Growth rate of fixed capital investments in 2017-2023 (in %)
As can be seen from the above graph, the rate of growth of foreign capital
investments in our country is improving year by year. "Development of the
Republic of Uzbekistan in 2017 - 2021" developed based on the Decision No. PF-
4947 of the President of the Republic of Uzbekistan dated February 7, 2017 "On
the Strategy of Actions for the Further Development of the Republic of
Uzbekistan" improvement of the investment environment in five priority areas
of the Strategy of Actions, active attraction of foreign, first of all, direct foreign
investments to the sectors and regions of the country's economy; critical
119,4
129,9
138,1
95,6
102,9
100,2
0
20
40
60
80
100
120
140
160
2017
2018
2019
2020
2021
2022
SOLUTION OF SOCIAL PROBLEMS IN
MANAGEMENT AND ECONOMY
International scientific-online conference
7
analysis of the legal framework regulating investment activities and a number of
investment policy laws, directly applicable investment activities, supporting the
entry of foreign investments as a result of studying the experience of foreign
countries in this field - as a result of the full or partial implementation of
measures such as the development and introduction of the draft law "On
Investments and Investment Activities", which guarantees the rights of foreign
investors, the rate of investment growth has shown positive results In 2019-
2019, it grew steadily, but for a while due to the pandemic in 2020. amounted to
soums, by 2023 this indicator will increase almost 11 times to 774365 billion.
reached soums
References:
1. Navruzov, Ikram. "MILLIY IQTISODIYOTGА TOʻGʻRIDАN-TOʻGʻRI XORIJIY
INVESTITSIYALАRNI JАLB QILISHNI RIVOJLАNTIRISH YOʻNАLISHLАRI."
Iqtisodiyot va taʼlim 23.6 (2022): 297-300.
2. G’Afurov, O., and N. Muxiddinov. "GLOBAL YEVROOBLIGATSIYALAR BOZORI
VA UNDA O ‘ZBEKISTON ISHTIROKINI KENGAYTIRISH ISTIQBOLLARI." Science
and innovation 1.A8 (2022): 165-169.
3. Хошимов, Ж. Р., Б. Б. Очилов, and С. С. Наримонов. "ИНВЕСТИЦИОННАЯ
ПОЛИТИКА: ТЕОРИЯ И ПРАКТИКА." (2024).
4. G’Afurov, O., & Ibrohimov, B. (2022). O’ZBEKISTON RESPUBLIKASINING ILK
SUVEREN XALQARO OBLIGATSIYALARINI JOYLASHTIRISHDAN TUSHGAN
MABLAG’LARINING QAYTA TAQSIMLANISHI VA ULAR SAMARADORLIGI
TAHLILI. Science and innovation, 1(A8), 332-339.
5. Ochilov, B., Hoshimov, J., & Butayev, J. (2024). IQTISODIYOTGA XORIJIY
INVESTITSIYALARNI
JALB
ETISHDA
MAMLAKAT
INVESTITSION
JOZIBADORLIGI: NAZARIYA VA AMALIYOT (Monografiya).
6. G’afurov, Olimjon, and Sevinch Abrueva. "O ‘ZBEKISTONNING
YEVROOBLIGATSIYALAR BOZORIDAGI ISHTIROKI." Journal of Integrated
Education and Research 1.6 (2022): 6-9.
7. Tursunkulovich, S. R. (2024). O ‘ZBEKISTONDA MONETAR SIYOSAT
VOSITALARIDAN FOYDALANISHNI TAKOMILLASHTIRISH MASALALARI. "
MOLIYA-IQTISOD", 2(1), 1-11.
8. Norqulova, L. S. Q. (2022). “YASHIL ENERGETIKA” ENERGIYA
TEJAMKORLIGINI OSHIRISH USULI. Central Asian Research Journal for
Interdisciplinary Studies (CARJIS), 2(11), 71-77.
9. Tursunkulovich, S. R. (2023). THEORETICAL AND PRACTICAL ISSUES
REGULATION OF MONEY AGGREGATES. Journal of Advanced Scientific Research
(ISSN: 0976-9595), 3(5).
SOLUTION OF SOCIAL PROBLEMS IN
MANAGEMENT AND ECONOMY
International scientific-online conference
8
10. Gafurov O. VALYUTA KREDIT MUNOSOBATLARINI TASHKIL ETISHDA
DAVLATNING VALYUTA KREDIT SIYOSATI O’RNI //Евразийский журнал
академических исследований. – 2024. – Т. 4. – №. 4 Part 2. – С. 89-98.
11. Tursunkulovich S. R. THE ROLE OF MONETARY POLICY IN THE ECONOMY
//Web of Technology: Multidimensional Research Journal. – 2024. – Т. 2. – №. 4.
– С. 61-72.
12. Gafurov, Olimjon, Humoyun Kholmuminov, and Sevinch Abrueva. "Directions
of attracting foreign capital and specific characteristics of the eurobond
transaction." (2023).
13. Шомуродов Р. Т. ОПЫТ РАЗВИТЫХ СТРАН ПО ОСУЩЕСТВЛЕНИЮ
МОНЕТАРНОЙ ПОЛИТИКИ //" MOLIYA-IQTISOD". – 2024. – Т. 3. – №. 1. – С.
118-128.
14. Abdullayevich, N. I. (2022). IQTISODIYOTNI RIVOJLANTIRISHDA XORIJIY
INVESTITSIYALARNING O’RNI. TA’LIM VA INNOVATSION TADQIQOTLAR, 95-
96.
