Page 30 - Theoretical and Practical Interpretation of Investment Attractiveness

the country. The investment environment is not a new concept in economics, but it has not
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been developed separately in relation to the conditions of independent Uzbekistan .
In our opinion, the investment environment is the conditions in which investment
processes take place, and it is formed under the influence of political, economic, legal,
social and other factors that determine the investment activity of the region and the level
of investment risk.
In the matter of creating a positive investment environment, the main process must be
interpreted as the globalization of the economy, and as a consequence of this, the expansion
of investment resources, and in turn, increased competition among investors should not be
ignored. If we want to increase the volume of foreign investment, then, of course, we need to
make the investment environment, regional conditions and conditions more acceptable and
higher than those of others (competitors), as well as make the “climate” comfortable and free
from excesses. risk for enhancing domestic (national) investment, this needs to be taken into
account.
Otherwise, there will be a sharp reduction in the volume of investments entering the
country and an outflow of funds from local investors. It should be noted that we arrived at
these opinions through in-depth study and analysis of the scientific works of local scientists
who conducted research in this area ( Appendix 1).
Investment environment when an investor decides whether to invest in his region or in
other regions it is necessary to have a complete understanding of its attractiveness (Fig. 1.2.2).
We believe that one of the main issues of improving the investment environment for
Uzbekistan is improving the tax system. After all, many foreign and domestic economists
consider taxes and the taxation mechanism as an important tool for the development of
society. Here it is necessary to pay attention to the following words of Adam Smith: “...to
raise a state to a high level of prosperity, only peace, light taxes and patience in government
are necessary, and for all other things and objects, natural movement is necessary. ”
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State investment
attractiveness

Investment of the region

attractiveness

The enterprise of
investment attractiveness

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Figure 1.2.2 .

29 Khamroev H.R. Zonal siyosat: methodology, horizhiy tazhriba va qўllash ўnalishlari. Uzbekistan Republic and Fanlar
Academy and “Fan” Nashriyoti, 2008.
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Майбурд Е.М. Введение в историю экономической мысли. От пророков до профессоров. М. 1996.
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Compiled by the author.
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