Dynamic investment policy of Uzbekistan aimed at rising its socio-economic potentials

Аннотация

This study examines the effect of dynamic investment policy on economic growth and development synthesizing extensive research from economics, state investment policy, Human Development and welfare studies. It uses the framework of investment policy to encompass development of various socio-economic factors. The study examines economic capacities and opportunities of Uzbekistan and overviewed current state of ongoing economic transformations. The paper highlights concept of innovational and knowledge economy, as well as importance of diversification and modernization in sustaining long-term competitiveness of national economy. The discussion also draws a distinction between economic growth and peoples welfare, the former designates increases in volume of national output or increases in the quantity or the value of the goods and services and does not necessarily lead to qualitative improvements in life, the way development does. The study explains differences between technological changes and structural change in industries. Sources on investment fund are examined as a crucial part of a developing economy. Research has demonstrated the relationship between volumes of national savings and investments into the regional and local development. Modern technologies brought by foreign investments present opportunities for starting new businesses in order to serve newly identified markets. Policy attempts at national scale to influence the volumes and direction of investment activity is analyzed. The economic progress and prospect of Uzbekistan is assessed.