Page 97 - Theoretical and Practical Interpretation of Investment Attractiveness

"What a noble man is looking for is himself, and what a lowly
man is looking for is something else." Confucius.

CHAPTER 3. FORMATION OF THE INVESTMENT ENVIRONMENT:
SCIENTIFIC AND METHODOLOGICAL DIRECTIONS OF ASSESSING THE
COMPETENCE OF THE REGIONS

3.1. Economic-mathematical methods of assessing the socio-economic and innovative
potential in determining the attractiveness of the investment environment

The deepening of the globalization process has a sufficient impact on the development
of the country's economy, and on increasing the competitiveness of goods and services
produced in its regions. It should be recognized that this process has a positive effect on the
economy as well as a negative effect. The presence of this condition requires a quantitative
assessment of all interrelated parameters, mitigating factors that have a negative impact, and
ensuring that they operate at a normal level.
The analysis of socio-economic changes taking place in our country shows that the role
of the process of economic modernization is important based on the achievements and
successes. Accordingly, it is becoming important to create an effective system of managing
the socio-economic development of the regions of the republic, to research the theoretical and
methodological bases of the assessment of the potential of the regions.
The first thoughts and logical considerations about them were mentioned in the 1st and
2nd chapters of the monograph, albeit partially. In this paragraph, they will be discussed in
detail.
If we describe the development trend of the regions, the fact that the natural-
demographic, administrative-economic differences between the regions remain high, and the
existence of districts that cannot provide themselves with resources, most of them are unable
to adapt to market relations, is an object for scientific and practical research. remains.
Considering that modernization is a socio-historical process that ensures the
transformation of a traditional society into an advanced, industrially developed society, the
development of theoretical and methodological recommendations related to the reform of the
methodology for assessing the socio-economic potential of regions and the improvement of
the effective management of the development of regions is an important and is one of the
current issues.
During the research, we witnessed that several methodological developments aimed at
solving the above-mentioned issue, in particular, research aimed at assessing the level of
sustainable development of the region and the socio-economic status of the region, were put
into practice by economists, foreign research institutes, and international financial and
economic organizations. is being implemented and improved (Table 3.1.1).

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