Page 158 - Theoretical and Practical Interpretation of Investment Attractiveness

To summarize, we believe that it is most appropriate for the government to prioritize
the following key principles for the implementation of investment policy:
gradual improvement of legal, socio-economic and other conditions that ensure
widespread attraction of direct capital funds into the economy of the republic;
improving the system of providing benefits and preferences to foreign investors
who supply world-class technologies to our republic and contribute to the creation of a
modern economic structure;
directing funds to the most important priorities related to the production of
competitive products;
support leading industries that can compete in foreign economic activity and
generate foreign exchange earnings;
development of production and services that provide employment and increase
national income;
installation of high-tech, modern equipment that saves energy and causes little
harm to the environment;
introduction of advanced foreign technologies suitable for local conditions,
promotion of inventions created in our country, allocation of funds for the knowledge
economy.
In the course of solving these problems, our country proposes the following priority
areas for attracting foreign investment to domestic enterprises: organizing environmentally
friendly production of natural raw materials, including the production and processing of oil
and gas; organization of production of competitive products in the scientific and world
markets; development of transport and telecommunications infrastructure; development of
processing of agricultural products based on compact, cheap equipment and technologies;
production of resource- and energy-saving tools and equipment; production of medicines,
medical equipment and instruments; development of the tourism industry.

Even if I study for a thousand years, if they ask me: “What have
you learned?”, I will answer: “I have learned my limit.” J. Rumi

4.2. Conceptual aspects of increasing the volume and flow of foreign investment in the
Republic of Uzbekistan
The only force that motivates foreign investors to invest in economies other than their
own is high returns. Therefore, it is difficult to assess the effectiveness of investments and
analyze them in terms of price and quality.
For example, assessing the effectiveness of an investment project implemented by
foreign non-residents requires an analysis of processes covering several continuous stages.
To do this, it is necessary to track the processes from the feasibility study of the investment
project to its launch and, finally, compare the costs between the volume of the economic result
and the initial cost of the investment. The main thing is that opportunity costs are taken into
account.
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