Page 224 - Theoretical and Practical Interpretation of Investment Attractiveness

based on the capabilities and potential of the regions, ensure, strengthen and
disseminate existing experience to other regions of Uzbekistan;
stabilize the situation on the labor market, especially balance the situation on the
rural labor market, create production complexes that require high labor force, in order to
prevent differences (disproportions) that have arisen in the regional labor market;
ensuring the development of production and market infrastructure in order to ensure
the efficient use of production resources in the regions;
accelerate the processes of re-equipment and modernization of local production and
the economy from a technical and technological point of view;
ensuring the development of various industries and services in order to prevent a
decrease in the gross regional product produced in the regions from the average for the entire
republic.
4. In order to improve the business environment and create favorable conditions
for doing business, it is advisable to pay attention to the following:
reduce administrative pressure and reaction to ensuring the cheapness of doing
business, create a mature and comprehensively thought-out tax system;
organization of open and transparent “games” and development of a competitive
environment, taking into account the mutual interests of all parties (investors, partners);
creation of infrastructures to ensure the effective implementation of investment
projects and expand their capabilities;
creation of innovative methods of the state regulatory mechanism, abandonment
of outdated methods;
increase the investment prestige and influence of the country (image);
maximum use of the opportunities and potential of free economic zones to attract
investors, effective development of foreign experience in this regard;
full use of public-private partnership opportunities. Ensuring coordination of the
public and private sectors in the implementation of large investment projects.
5. In a situation where modernization processes are intensifying, it is advisable to
focus the medium- and long-term investment strategy of the state on solving the following
tasks:
consistent implementation of structural changes aimed at ensuring high-speed
competitiveness of the national economy;
development of models for the efficient use of economic resources and optimal
use of economic resources based on the law of finite depletion of capital resources with an
increase in territorial wealth;
ensure sustainable development of regions, develop comprehensive programs
that serve their uniform development without major differences, and take measures for their
implementation;
support for leading sustainable industries that serve to increase the import and
export potential of the economy and also create high added value;

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