Managerial and Economic Factors Affecting Global Investing Decision: Evaluation Of Central Asia (original) (raw)
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The Problems of Investment Climate in Uzbekistan
Review of European Studies, 2015
The paper aims to give some insights into the investment environment and the analyses of factors influencing. The study is motivated by the high failure rate of foreign investments in Uzbekistan The findings of the study will benefit both local investors who are interested in learning about contemporary methods of investment valuation and foreign investors who are interested in assessing investment opportunities in Uzbekistan. The complexities of evolution of investment opportunities in emerging markets have been studied before. The problems associated with transparency, foreign exchange volatility and liquidity, contagion, governance, political risks (Note 1), and corruption have differing impacts on pricing and valuation across countries and regions. Uzbekistan is a newly-independent Central Asian country, where the same approaches of valuation methods are employed as in Russia, the Ukraine, and other European parts of the former Soviet Union. The provided analysis of investment climate in Uzbekistan suggests that the currency convertibility, lack of transparency and predictability, overregulated financial sector, limiting ownership and restrictions in "strategic" sectors are the greatest obstacles for many potential foreign investors. Also, inadequacies in investment policy and underdevelopment of stock exchange resulted 60% of all foreign investments went to energy sector. Overall business climate in Uzbekistan can be described as stable, but with a potential for rapid growth in the event of more radical reforms towards market.
Russian Journal of Economics (RuJE), 2020
Foreign direct investment (FDI) is viewed as one of the most crucial forms of capital inflows and significant drivers of economic growth in numerous countries. In particular, developing countries, emerging economies and countries engaged in the process of development have recognized the crucial importance of FDI as a critical contributor to their economic progress and increasing economic opportunities. The following research investigated and identified the determinants of FDI in the Central Asian countries, specifi-between 2000 and 2017. The methodology employed in the first part included comparative analysis of the foreign investment trends and gross domestic product (GDP), as well as an en-dogenous growth model. The result showed that five variables are robustly significant of FDI determinants: FDI (previous year), GDP, labor force, trade openness and tax. Additionally, this paper demonstrates that among the most significant FDI contributors are China, Russia and Japan as well as European countries because of the economic opportunities available; however, the USA is considered by Central Asian countries to offer the most opportunities for security control considerations rather than economic opportunities. Furthermore, the results suggest that the authorities in the Central Asia region should enhance the stability of their economic growth, labor force, trade openness and tax regulations to attract more FDI to the region.
Russian Journal of Economics, 2020
Foreign direct investment (FDI) is viewed as one of the most crucial forms of capital inflows and significant drivers of economic growth in numerous countries. In particular, developing countries, emerging economies and countries engaged in the process of development have recognized the crucial importance of FDI as a critical contributor to their economic progress and increasing economic opportunities. The following research investigated and identified the determinants of FDI in the Central Asian countries, specifically Tajikistan, Kazakhstan, Kyrgyzstan, Turkmenistan and Uzbekistan, between 2000 and 2017. The methodology employed in the first part included comparative analysis of the foreign investment trends and gross domestic product (GDP), as well as an endogenous growth model. The result showed that five variables are robustly significant of FDI determinants: FDI (previous year), GDP, labor force, trade openness and tax. Additionally, this paper demonstrates that among the most significant FDI contributors are China, Russia and Japan as well as European countries because of the economic opportunities available; however, the USA is considered by Central Asian countries to offer the most opportunities for security control considerations rather than economic opportunities. Furthermore, the results suggest that the authorities in the Central Asia region should enhance the stability of their economic growth, labor force, trade openness and tax regulations to attract more FDI to the region.
Equilibrium, 2016
The aim of this work was to present the similarities between the components of competitiveness and investment attractiveness as two complementary categories, and to show the role of new locational advantages in determining the level of investment attractiveness of a country. Another objective of this paper was to provide a comparative analysis of Central and Eastern European countries in terms of their investment attractiveness. Thus this paper was organized as follows: the first part of the paper focused on a country’s competitiveness, and the traditional and new location advantages that determine its investment attractiveness in view of direct investment inflows in the light of M. Porter’s model of a diamond, an eclectic paradigm of J. H. Dunning and new growth theories. The second part presented the results of investment attractiveness analysis including selected countries of CEE in the years 1995-2013. Comparing the investment attractiveness of Central and Eastern European count...
Investment trends and investment policies in South East Europe, South Caucasus and Central Asia
Industrija, 2006
The aim of this paper is to analyze and compare investment trends and investment policies in the countries of the following three transition regions: South East Europe, South Caucasus and Central Asia. The analyses and comparisons were conducted in view of the impacts that the progress achieved in transition, economic development, as well as the energy reserves of countries in these three regions have on their investment policies and investment trends.
2021
The key to successful innovative development of the Republic of Uzbekistan is the formation of new innovative high-tech industries, the upgrading of technical and technological nature, the input of modern facilities, expansion of production volume, ready to compete, the increase in exports in parallel with the filling of the domestic market finished products with high added value. The Republic of Uzbekistan is an attractive place for investment, due to a wide sales market and a developed transport infrastructure integrated into the multi-modal communication system of Eurasia, which contributes to determining the future state of investment and trade and economic cooperation. Foreign investors who invest in Uzbekistan have the opportunity to enter the 5 largest and emerging markets-the CIS countries with a market of more than 300 million people, Central and Eastern Europe, South and South-East Asia, and the Middle East.
Kazakhstan's Investments in Central Asia
Absolute majority of the research papers on Central Asia shares positive view on regional integration trends. There are three major economic basis for regional integration in Central Asia: FDI, labour migration and cross-border trade. Among three FDI plays significant role in promoting sustainable growth. FDI from developed economies has been a subject for many research works and its role proved to be vital for sustainable economic growth and economic development. However the role of mutual investments is still a subject for more thorough investigation. This paper examines the current state and development of Kazakh investments in CA region.
This article presents the impact analysis of investment attractiveness of the Republic of Tatarstan on fixed investments of eight national leading companies. The authors have developed the impact assessment methodology. Using correlation and regression analysis, the authors revealed a statistically significant dependences and character of the relationship between the regressors and the dependent variable. The obtained results allow one to range the investment attractiveness of Tatarstan according to their impact on fixed investments of the leading national companies and offer recommendations to improve the investment attractiveness of the Republic of Tatarstan for balanced territorial development.
With economic globalization and international trade , political risk assessment on behalf of foreign investors has become more important . Investors are trying to be more confident to invest in other countries embark . Thus the policy and the economic and political acceptability of particular importance is. Social stability , political stability, political structure , government , state power , and how decision-making, organizational discipline and ... Are important in attracting foreign investment . The most important point that should be paid attention to raise funds for a thorough understanding of the opportunities and challenges of the target country have. Therefore the main objective of the present study opportunities and challenges for foreign investment in Iran (case study of East Azarbaijan province). Accordingly , while a comprehensive review of literature on issues related to data collected by questionnaire , reliability has been 816 % . The population of this study, all managers , experts in East Azerbaijan province is investing companies . Sample according to the method of estimation is the sample volume was 205 . According to the conceptual model and the statistical tests used, which is calculated by the software and run 16 SPSS . The results of this study are positive and significant relationship between the independent variables and the dependent variable attract foreign investment and economic, political , and there are rules and regulations . Friedman test results also showed that political factors have the greatest impact on attracting foreign investment .