EXPERIENCE OF FOREIGN COUNTRIES IN ATTRACTING
INVESTMENTS
D.Mamadiyorova, Master student of Tashkent state university of economics
Today, the role and importance of investments on a global scale is
incomparable. The level of development and economic growth of each country
largely depends on investment processes. In the current era of globalization, the
sustainable economic development of any society cannot be imagined without
investments. Investments affect the rate and volume of reproduction in the economy,
ensure scientific and technical development and employment of the population. In
order to achieve sustainable growth of the economy, renewal of the main capital and
structural changes in the financial sector, it is necessary to properly implement
investment activities in economic sectors, attract local and foreign investments, and
carry out rational development works.
After the independence of our country, the main attention was paid to the
improvement of investment activities together with other sectors. In order to
effectively start investment activities, it is appropriate to study the experiences of
“Yashil iqtisodiyot sari: nazariy va amaliy yondashuvlar tahlili”
mavzusidagi xalqaro ilmiy-amaliy anjuman
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many foreign countries in conducting investment policy.
If we study the investment policy of the United States of America, one of the
leading countries of the world, investment attraction and management, regulation
issues, we can see that the investment climate in the USA is bright and attractive.
The USA is a country with a developed economy and a well-established legal
system. Currently, this country ranks among the leaders in the world in attracting
foreign investments. Achieving such a result is greatly contributed by the fact that
individual states of the country are empowered to attract investments.
The introduction of foreign capital into the economy has an impact not only on
industrial, trade, scientific and technical and inflationary processes, but also on the
national security of the country. Due to this, the following priority tasks for attracting
investments in the USA have been defined:
- states and local government bodies are given independence for the economic
development of their territory, private business and export of services and goods
should be supported;
- attraction of foreign business capital and control of foreign investors;
- stimulating the growth of private business;
- use of incentive methods in fiscal policy.
During the fulfillment of these tasks, mutual competition between the states of
the country in terms of attracting investments arose and served as a unique impulse
for the development of investment policy. Due to this, it is possible to distinguish
specific features in attracting and managing investments in the US economy:
- as a result of the policies carried out by individual states and the country, the
active attraction of investments to the economy is ensured;
- promotion of capital export and import is carried out at the same level;
- abuse of the use of foreign investments, i.e. cases of corruption, violation of
legal norms and financial and credit agreements should not be allowed;
- openness of the market for other participants;
- development of investment policy and tax system;
- the existence of a two-level system of investment activity regulation.
The US Office of Investment Affairs (OIA) implements sound investment
policies to support jobs, economic growth, and prosperity. The main purpose of this
office is to support the open investment policy of the United States, as well as to
ensure the national security of the United States. The Office's investment climate
reports provide country and economy-specific information on investment laws,
investment measures, and other factors important to business decision making. In
addition, the office conducts negotiations on bilateral investment agreements
together with the US trade representative in order to facilitate investment
opportunities around the world. The USA is a country with a developed economy
and a well-established legal system. It also provides guidance and assistance to US
companies involved in investment disputes with foreign governments
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. It should
be noted that the principles of economic freedom are followed in attracting and
managing investments in the USA, and the government does not directly interfere in
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Information from the website
www.state.gov
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