Page 129 - Theoretical and Practical Interpretation of Investment Attractiveness

Singapore also achieved high results on the third and another important indicator - the
Economic Independence Index of countries. This aggregated index is based on 10 indicators.
These are: financial independence, investment independence, trade independence, monetary
independence, labor independence, labor independence, government involvement, fiscal
independence, anti-corruption independence, property integrity (independence).
These indicators are evaluated from 0 to 10 points and its average is calculated. Taking
this into account, according to the index of economic independence, the countries of the world
are divided into 5 groups. The first group includes countries with a score higher than 80 points.
In 2015, five countries with the highest results in this group were recorded: Hong Kong (89.6),
Singapore (89.4), New Zealand (82.1), Australia (81.4), Switzerland (80.5).
During the study of the experiences mentioned above, it became clear that the
implementation of the experience of Singapore in the conditions of Uzbekistan, their use will
serve to ensure the country's development at a higher rate in the future, and increase the source
of income of the population. Also, active participation in surveys conducted by international
organizations, implementation of work to ensure the participation of Uzbekistan in all the
ratings showing the investment attractiveness of the world's countries will have a positive
effect on the decisions of investors to make investments in the future.
It is known that the attractiveness of the investment environment of the region plays a
key role in ensuring the entry of foreign investments into the country. In this regard, let us
study the experience of Ireland in the following pages.
The high volume of investments flowing into the development and economy of Ireland
can be explained by the correct and effective implementation of the economic policy
conducted by the state. Today, 2/3 of the production of industrial products in this country
belongs to foreign companies. Economic growth is being ensured thanks to foreign
investments.
In order to control the investment activities and increase its efficiency, a special agency
- The Industrial Development Authority was established in Ireland. Since 1960, the agency
has been engaged in searching for high-potential investors and directing their activities mainly
to export. The state provides fiscal incentives and discretionary subsidies for the development
of science and education to foreign companies. Because of this, the flow of investments into
Ireland has increased year by year.
However, it was not so long ago that the Irish state was formed. It became an
independent country from the British colony in 1949. In 1970-80, it was one of the countries
with the lowest economic development in Europe. In 1980, the main strategy of the state
focused on transforming the country's economy into a comprehensive technological and
financial sector. And as a result, Ireland began to serve as a gateway for the countries of Asia
and the Americas to enter Europe.
All attracted and inward investments were made through free economic zones:
Shannon and Dublin. Investors were offered tax credits on 0 value. As a result, world-famous
IT corporations in Ireland: Apple, Google, Amazon, Microsoft, Facebook, Oracle, IBM, Intel,
Dell, Hewlett-Packard; companies with a high position in the world pharmaceutical market:
Glaxo Smith Kline, Pfizer, Novartis, Allergan, MerckCo, Schering-Plough, and large
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