THE ROLE AND IMPORTANCE OF INVESTMENTS IN SUSTAINABLE ECONOMIC DEVELOPMENT

Abstract

Many developed countries have widely used the method of attracting foreign capital to the country in the way of economic and social development of their country. After all, by channeling the capital of investments that have entered the country, industries such as production and service will develop in the country, and the country's economy will be diversified. Along with foreign investments, new branches of the industry such as automotive, electronics, tourism, IT and completely new industries are coming to backward or developing countries whose economy is based on agriculture. It is worth noting that as a result of foreign investments, the country received new world standards technical and technological tools, production facilities, franchise, know-how, and intangible assets that allow to reach new heights in production, service and management - theoretical information and practical skills based on new knowledge and experience of foreign investors, managers, workers and specialists are coming. This, in turn, will lead to the development of existing industrial sectors in the country, the production of export-oriented products that combine high quality and affordable prices, the increase in export volume and potential, and the increase in the weight of exports in the country's commodity balance. One of the main benefits of attracted foreign capital for the recipient countries is the improvement of the existing infrastructure and the creation of favorable conditions for the population. The fact that our country Uzbekistan is developing socio-economically and gaining its place among the world countries is directly related to the investment policy implemented in our country. Realizing the importance of the capital involved in the country's development since the independence of the republic, effective long-term investment policy and strategies for its implementation have been defined.