Page 146 - Theoretical and Practical Interpretation of Investment Attractiveness

of the business environment and business conditions 160 . The decree is also significant in that
it started a new stage in creating more favorable economic and legal conditions and incentives
for the elimination of existing obstacles and restrictions on the way of organizing business
activities, and for the consistent increase of the share of private property.
At this point, before proceeding to the analyzes related to the changes taking place in
the world investment market, let's strengthen the opinions about foreign investments directed
to the economy of Uzbekistan.
The table below shows the dynamics of changes in foreign investments attracted to our
country, as well as direct investments, over the years (Table 4.1.1). Statistics show that in
2000, the total volume of foreign investments in the economy was 172.3 billion. amounted to
soum. 14.5 percent of it corresponded to FDI. In 2005, the volume of foreign investments
increased almost 5 times compared to 2000 and reached 687 billion. amounted to soum.
Thanks to the investment policy aimed at ensuring the competitiveness of the economy and
increasing its efficiency in terms of quality, in 2010 the share of FDI in total foreign
investments reached 68.5%.
During the period when the next wave of the global financial and economic crisis
covered the economies of the world countries, the total amount of foreign investments that
entered Uzbekistan from abroad was 4340.9 billion. reached soum, the share of FDI showed
the highest indicator, i.e. 87 percent. In 2015, the value of FDI was 6133.1 billion. amounted
to soum. This is an indicator that is 1.63 times more than in 2010.
It is appropriate to note that in the analyzed years, there have been specific changes in
other socio-economic indicators of the republic. In the statistical data presented in the
appendices of the monograph (Appendix 21), the total population of Uzbekistan in 2000 was
24,487.7 thousand people, and the volume of produced GDP was 3,255.6 billion at current
prices. amounted to soum. By the end of 2015, the total population of the republic was
31,022.5 thousand people, and the total volume of produced goods and services was 171,369.0
billion. amounted to soum.
If we interpret these data through quantitative and qualitative indicators, it would be
appropriate to do a comparative analysis and evaluation of the results per capita and
developing countries on the same indicators. Then a clear and logical conclusion will be
possible.
It is known that the population of Uzbekistan increases by 1.6 percent annually on
average (Appendix 22). Therefore, in order to ensure high per capita economic indicators, it
is necessary to increase the volume of production and services per head of population from
year to year (in a volume higher than the population growth rate). For this, it is necessary to
mobilize low-energy and high-performance techniques and technologies, improve the skills
of the labor force that uses them and can use them on a large scale, and introduce advanced
methods of modern management into practice.

160 Decree No. PF-4725 dated May 15, 2015 of the President of the Republic of Uzbekistan "On measures to ensure reliable
protection of private property, small business and private entrepreneurship, and to eliminate obstacles to their rapid
development". //www.lex.uz
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