Sustainable development of the Republic of Uzbekistan: priorities of investment activity in order to activate

Abstract

Attracting investments and creating a favorable investment climate is one of the most important priorities of public administration on the path to sustainable development. Among the subsequent current efforts, the tasks of adjusting the investment policy, determining the directions and priority areas of the national economy for the implementation of investment projects, and developing socially responsible behavior of public and entrepreneurial structures are highlighted. The purpose of the study is to identify gaps in investment potential and investment activity in the economy of the Republic of Uzbekistan. In the course of the study, based on official statistics for 2021-2023, in comparison with the Southern Federal District of the Russian Federation, the structure and dynamics of investments in the Republic of Uzbekistan, their effectiveness, impact on economic sustainability and development were considered. As a result of the identified imbalances, directions for adjusting the investment policy of the Republic of Uzbekistan and a mechanism for involving economic entities in solving socially significant problems were proposed. The concept of an expanded strategic trilateral partnership of business, government and society with a controlling function of consumers of public goods to ensure conditions for sustainable development is proposed for practical use.