Investment processes as the driving force of economic development of the region
Abstract
The article analyzes the main directions of investment processes and their role in accelerating the development of the economy in Namangan region. The positive tendencies in the economic development and investment processes in Namangan region are highlighted. Therefore, the measures taken within the framework of the Action Strategy for the five priorities of the Republic of Uzbekistan for 2017–2021 include the identification of long-term goals as well as the identification of ways and means of achieving these goals. Among them, it is important to move the production on the basis of modern technologies and to continuously increase efficiency. In 2017, the company exported products worth $ 196.6 million. The share of exports of raw commodities in foreign trade is decreasing and the share of finished goods is growing steadily. Foreign economic relations of the region are carried out with more than 80 countries of the world. Further liberalization of the economy creates conditions for the diversification of investment activity of business entities and entrepreneurs. Effective policy making and significant measures to expand real investment in all sectors of the economy have been yielding positive results.