The importance of foreign investments in the economic development of the country

Abstract

Stable socio-economic development of the Republic of Uzbekistan and growth of global competitiveness cannot
be achieved without an effective investment policy of the state aimed at increasing the attractiveness of the investment
environment of the country, regions, economic sectors and individual enterprises. It is known from world practice that
any country cannot develop without attracting foreign investments to its economy. Development of production, renewal
of basic funds, elimination of social problems, increase of competitiveness of products produced on the basis of modern
techniques and technologies, and strengthening of export potential of the country are ensured through investments. The
main factor in the consistent implementation of structural changes in Uzbekistan is the attraction of foreign investments to
our economy and the creation of a favorable investment environment for them. In this article, a set of economic, political,
regulatory, social and other conditions plays a key role in attracting foreign investments. Such opportunities include natural
conditions, including mineral reserves, the level of skill and average labor force, the capacity of the domestic market and
the ability to sell goods on the foreign market, the state of the credit system, the level of taxation, production and social
infrastructure. development, the state policy towards foreign capital, the establishment of preferential conditions for it, etc