Articles | Open Access | https://doi.org/10.37547/ijmef/Volume05Issue05-17

Strategy for Innovative Development of The National Economy Based on Attracting Foreign Investments

Umarov Fakhriddin Umar ogli , Associate Professor at Tashkent State University of Economics, Uzbekistan

Abstract

This article explores the strategic importance of attracting foreign investments as a key driver for the innovative development of the national economy. In the context of globalization and increasing economic competition, the effective mobilization of foreign capital plays a critical role in enhancing technological progress, improving production efficiency, and promoting sustainable economic growth. The article analyzes the current state of foreign investment inflows, identifies existing barriers, and proposes practical recommendations for creating a more favorable investment climate. Special attention is given to policy reforms, institutional support mechanisms, and the role of innovation ecosystems in fostering long-term economic transformation. The study emphasizes the necessity of aligning investment strategies with national development goals to ensure inclusive and innovation-oriented economic advancement.

Keywords

Foreign investments, innovative development, national economy

References

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Karimov, I. (2021). Innovative Strategies for National Economic Growth. Samarkand: Science and Technology Press.

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World Bank. (2021). Enhancing Investment Climate in Emerging Economies. Washington, D.C.: World Bank Group.

Djalilov, N. (2018). Legal and Institutional Framework for Foreign Investment in Uzbekistan. Tashkent: Legal Science Press.

UNCTAD. (2020). World Investment Report 2020: International Production Beyond the Pandemic. Geneva: United Nations.

Rakhmonov, S., & Islomov, B. (2019). “Innovation and Investment Policy in Uzbekistan: Current Trends and Prospects,” Central Asian Economic Review, 5(1), 78-92.

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Umarov Fakhriddin Umar ogli. (2025). Strategy for Innovative Development of The National Economy Based on Attracting Foreign Investments. International Journal Of Management And Economics Fundamental, 5(05), 84–86. https://doi.org/10.37547/ijmef/Volume05Issue05-17