Foreign experience in the development of special economic zones in Uzbekistan

Authors

  • Inomjon Turaevich Jumaniyazov Tashkent Institute of Finance
  • Bexruz Hazratov Tashkent Institute of Finance

Keywords:

special economic zones, free economic zones, investment economic effectiveness, investment projects, foreign direct investment, work places

Abstract

This article analyzes functions of Special economic zones in the case of three foreign countries such as Russian Federation, South Korea and People’s Republic of China. The article studies the experience of countries that have achieved great results in the creation of special economic zones and through them, compares the existing opportunities. The research lists the factors that need to be considered in creating an investment climate, and provides statistics on what factors foreign countries have achieved and what results they have achieved. The existing problems in creating a favorable investment climate are recognized, as well as the elimination of shortcomings in the legislation and public administration, the revision of infrastructure, advertising are proposed as a solution to these problems.

References

Decree of the President of the Republic of Uzbekistan PQ-3356

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Directions for developing the attraction of foreign investment in free economic zones. Karimkulov Jasur Imamboevich, Doctor of Economics (Dsc) Dissertation Abstract, Tashkent - 2019. Page 19.

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Jumaniyazov, I. (2020). FOREIGN EXPERIENCE IN THE ACTIVITIES OF SOVEREIGN FUNDS. International Finance and Accounting, 2020(2), 1.

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Published

2022-05-31

How to Cite

Jumaniyazov, I. T., & Hazratov, B. (2022). Foreign experience in the development of special economic zones in Uzbekistan. Science and Education, 3(5), 1628-1636. Retrieved from https://openscience.uz/index.php/sciedu/article/view/3625

Issue

Section

Economic Sciences