Page 171 - Theoretical and Practical Interpretation of Investment Attractiveness

Stable economic development of countries cannot be imagined without investment.
Moreover, today it is clearly visible that the future growth of any state is determined by
attracting investments.
It should be noted that investments are actually mobilized in monetary form. The
source of cash investments is primarily profit (income). But since money itself is not a factor
of production, it must be replaced by the necessary material means 178 . In addition, in some
cases it is necessary to mobilize investments in the form of money to create new assets and
wealth. Accordingly, it is easy to understand that without money, the creation of new assets
and wealth cannot occur at all. If investments are not made, tangible and intangible wealth
will not be created. Therefore, it remains in the form of funds. It should be noted that if
tangible and intangible assets are not used to carry out certain activities, growth in the value
of capital is not ensured.
It should be noted that in order to ensure the development of the national economy, it
is not advisable to attract foreign investment in any objects. The reason is that the sale of
existing facilities and shares of enterprises to foreign investors does not mean the arrival of
investments in our country, “... since such transactions simply mean the transfer of ownership
of existing assets 179 .” This indicates that property values are not increasing. The same thing
happens with the resale of existing assets.
In general, the implementation of investments is an integral part of the investment
process and depends on the result of the formation of investment resources. The desire to
achieve a desired goal motivates an investor to accumulate capital and then mobilize it to
achieve that goal. As long as a goal is focused on a specific result, the result in turn gives rise
to specific goals and creates a sequence that reflects the investment process. This movement
of investments occurs through investment activities.
Since investment activity is a set of actions related to the implementation of
investments by its subjects, these actions should not be understood as actions related to the
implementation of investments by its subjects. It should be logically understood that these
actions include a wide range of processes, such as determining the goals and directions of
investment, developing and evaluating an investment project from a technical and economic
point of view, identifying sources of attracting investments. funds necessary for its
implementation, accumulation and effective spending. We believe that
When organizing investment activities, each property owner, first of all, acts in pursuit
of his own interests, that is, with the aim of making a profit. Because higher returns allow the
investor's cost of capital to rise.
Until the 70s of the 20th century, the economic and social development of the countries
of the world was interpreted as a process consisting of the rate of development of each country
within its territory or the level of their relationships. By the time of globalization, a different

178 Olmasov A., Sharifkhuzhaev M. Iqtisodyot nazariyasi. – T.: Mekhnat, 2000.
179 Kiseleva N.V., Borovikova T.V., Zakharova G.V. and others. Investment activity: Textbook. – M.: KNORUS, 2005.
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