Page 228 - Theoretical and Practical Interpretation of Investment Attractiveness

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 manufacturing and service industries that provide employment and
increase national income;
installation of high-tech, modern equipment that is energy efficient and has little
environmental impact;
introducing advanced foreign technologies suitable for local conditions,
stimulating domestic inventions and allocating funds to the knowledge economy.
The evaluation of the economic potential of the regions according to these indicators
helps to make quick decisions for the regional management bodies, as well as to facilitate the
development of regional programs, as well as to ensure the comprehensive development of
the regions.
9. For this, it is important to solve the following methodological problems:
looking at socio-economic potential and its components as an object of
economic category and statistical study;
development of a system of indicators for determining the potential of the
territory according to the characteristics of the volume of available resources, their
composition, quality and a number of other parameters;
creating a methodology for evaluating various elements of potential;
development of a methodology that assesses the loss (decreasing) of the socio-
economic potential of the region;
development of a methodology that reflects cases of illegal and secret use of the
territory's potential;
to create a methodology for effective use of the socio-economic potential of the
region;
development of a methodology for determining the factors of development of
the socio-economic potential of the region and the extent of their influence under market
conditions.
10. The methodology for assessing the investment potential of regions takes into
account the objectively existing interrelationship between the investment attractiveness of the
region and investment activity in it, which allows identifying problematic points and
indicators in the development of regional programs for improving the investment climate.
The investment environment is bilateral at the microeconomic level, that is, it is
reflected in the relationship between the investor and specific state bodies, economic entities.
The investment environment is an objective situation for any specific time and includes a set
of conditions for investing capital. The investment environment is formed under the influence
of the management activities of state bodies. Therefore, the state's investment policy is one of
the most important factors, and in the conditions of Uzbekistan, this important factor should
be in the center of regular attention.
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