Development of the economy based on active attraction of foreign investments

In practice, at present, the development of interaction with foreign investors in Uzbekistan is carried out in the following areas: joint activities in the field of production, finance, economic services, foreign and domestic trade, etc .; attracting foreign investment based on concessions or production sharing agreements; creation of free economic zones in order to actively attract foreign investment in certain regions of the country, but subject to their economic feasibility and expediency.

Therefore, the attraction and use of foreign capital in the economy of Uzbekistan seems to be an essential regularity of the investment process at the present stage. At the same time, the attraction of foreign investment should be based on the principles of socio-economic efficiency, environmental and economic security, mutual benefit and maintaining the priority of the state structural and reproductive policies.

The idea that investment is the engine of the economy, and providing movement forward, is an axiom of any economic theory. Each state should make efforts to attract primarily domestic and foreign investors into the sphere of material production. For this purpose, a specific investment policy is developed and implemented, and an appropriate investment climate is formed. Economic reforms that are being consistently carried out in independent Uzbekistan imply the achievement of rational sectoral, reproductive and territorial proportions, the development of integration processes, the provision of economic growth, etc. and efficient use of internal and external resources”. Further liberalization of the economy, the expansion of economic freedoms of business entities and the extent of private property in all areas of the national economy, the strengthening of international economic relations stimulates the successful implementation of work to attract and use foreign investment.

The solution to the totality of these problems is closely related to the implementation of the appropriate investment policy, the formation of an effective system of regulation and support of investment processes.

In the system of relations of expanded reproduction, investments perform the most important structure-forming function. The future structure of the economy depends on which sectors of the national economy the funds are invested for it:

either machine-building plants that produce agricultural machinery or machinebuilding plants that produce military equipment and equipment will prevail. Or further the predominance will be on the side of construction companies specializing in the construction of large industrial complexes, or on the side of construction companies that build comfortable housing.

By financial definition, investments are all types of assets (funds) invested in economic activities in order to generate income; on economic - the costs of the creation, expansion or reconstruction and technical re-equipment of fixed and working capital. The main task of the state is to create favorable conditions for investment. Our country has everything necessary to attract significant foreign investment:

• -    formed legislative framework that defines the legal framework for entrepreneurship, the protection of private property and competition;

• -    created infrastructure to support the investment process;

• -    political stability;

• -    advantageous geographical position;

• -    rich mineral resources, as well as the development potential of the agricultural sector;

• -    qualified labor resources;

• -    quite a capacious market.

Foreign capital plays an extremely important role in the implementation of structural transformations of the economy of Uzbekistan, since the productive forces of the republic need large investments for modernization and reconstruction, and internal sources of financing for investments are insufficient. Therefore, attracting large-scale foreign investment pursues strategic goals and is one of the most important areas of public policy.

An important factor in the investment climate is the system of financial and economic incentives and incentives for foreign investors, which is focused on increasing foreign direct investment in the manufacturing sector, and especially in manufacturing sectors with great export potential.

Foreign experience clearly shows that during the period of modernization and globalization of the economy, investments become the most important factor not only in reconstruction and renovation, but also in the creation of new industries and enterprises. Therefore, the attraction and use of foreign capital in the economy of Uzbekistan seems to be an essential regularity of the investment process at the present stage. Moreover, the attraction of foreign investment should be based on the principles of socio-economic efficiency, environmental and economic security, mutually beneficial relations and maintaining the priority of the state structural and reproductive policies.

Based on these principles, it is necessary to determine the criteria for the correct choice of optimal forms of investment activity. These criteria include: field of activity and type of product (high-tech, technically sophisticated, etc.); project scope (small, medium, large); strategic goal of attraction (from importing equipment to using production and managerial experience).

A study of the advantages and disadvantages of the existing forms of attracting foreign investment shows that direct investments can be considered the most acceptable, since they are characterized by the presence of long-term interests of the investor in the economy of the host country and cause greater benefits compared to external loans.

In order to attract foreign portfolio investments in the privatization process, the principles of their currency conversion should be developed, as well as special groups of privatized enterprises should be identified for international trading, developing primary and secondary securities markets, which will provide wide opportunities for foreign investors to acquire property rights.

Summing up the above, we can make an unambiguous conclusion: the implementation of market reforms in Uzbekistan, including deepening privatization processes, achieving macroeconomic stabilization and ensuring sustainable economic growth, fundamental structural transformations in the national economic complex are inextricably linked with an active investment policy. An investment program has also been created, as a result of which, during its implementation, stabilization of the financial and economic condition of the company will be ensured.

Sushchestvuet program razvitiya, kotoraya potsyaet the large techno-economical picture of obesity and accumulator sredstva na dalneyshee. Effective investment and forecasting of neobkhodimo:

• •    adjustment of investment requirements for investment in the business entities and entities;

• •    easy-to-invest investment, and more than enough money in the federal budget;

• •    effective controlling investment investment, financed by the federal budget, and the effective investment management of the unified investment project;

• •    investment support for investment projects and oblast investment projects;

• •    investment and utility planning and investment planning and economics;

• •    for the first time in the organization of modern projects, see how to create a new object.

The prospects for effective and efficient investment in real estate, investment and portfolios investment prospects, and prospects for economic strategy. Investment in net, to net and nikakoy osnovy for efficientlynogo ispolzovaniya investment.