DIGITALIZATION, FDI, AND SUSTAINABILITY: EXPLORING THE IMPACT OF DIGITAL FOREIGN DIRECT INVESTMENT ON ENVIRONMENTAL AND SOCIAL WELL-BEING IN UZBEKISTAN

Abstract

This study investigates how Foreign Direct Investment (FDI), particularly in the digital sector, impacts environmental sustainability in Uzbekistan. FDI supports economic growth but can increase CO₂ emissions, posing environmental challenges. Through econometric analysis, the research reveals a moderate positive correlation between FDI inflows and CO₂ emissions, indicating that rising FDI may elevate emissions. This dual effect challenges Uzbekistan to balance economic development with environmental protection. Policymakers are urged to adopt robust environmental policies while encouraging sustainable FDI. The study offers insights and recommendations for aligning digital FDI with Uzbekistan's environmental and social objectives.

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DOI

10.60078/3060-4842-2024-vol1-iss2-pp38-48

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