FREE ECONOMIC ZONES IN UZBEKISTAN: A STRATEGIC TOOL FOR ATTRACTING FOREIGN DIRECT INVESTMENT

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Kuanishova Aydana

Abstract

This research investigates the efficacy of Uzbekistan's Free Economic Zones (FEZs) as instruments for attracting Foreign Direct Investment (FDI) and stimulating economic growth, situating this analysis within the broader context of Uzbekistan's national development strategies. The study employs a comparative approach, drawing upon a multifaceted data set encompassing primary and secondary sources. Primary sources include relevant Uzbekistani legislation pertaining to FEZs, official government documents outlining national development plans and strategies for FEZ development, and internal reports from relevant government agencies. Secondary sources comprise data from reputable international organizations such as the World Bank and UNCTAD, offering comparative benchmarks and macroeconomic indicators relevant to FDI attraction and economic growth within FEZs globally. Furthermore, the analysis incorporates peer-reviewed academic literature on the effectiveness of FEZs in various developing economies, providing theoretical frameworks and empirical evidence to contextualize the Uzbekistani case.

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How to Cite

FREE ECONOMIC ZONES IN UZBEKISTAN: A STRATEGIC TOOL FOR ATTRACTING FOREIGN DIRECT INVESTMENT. (2025). Journal of Multidisciplinary Sciences and Innovations, 4(5), 780-783. https://doi.org/10.55640/

References

1.Farole, T., & Akinci, G. (2011). Special Economic Zones: Progress, Emerging Challenges, and Future Directions. World Bank.

2.UNCTAD (2021). World Investment Report 2021: Investing in Sustainable Recovery. United Nations.

3.OECD (2020). Investment Policy Review of Uzbekistan. Organisation for Economic Co-operation and Development.

4.Pomfret, R. (2020). The Central Asian Economies in the Twenty-First Century: Paving a New Silk Road. Princeton University Press.

5.Iwasaki, I., & Suganuma, K. (2022). “Institutional quality and foreign direct investment: A re-examination using updated data.” The World Economy, 45(1), 84–102.

6.Presidential Decree No. PP-4516 (2019). “On Measures for Further Development of Free Economic Zones.” Republic of Uzbekistan.

7.World Bank (2022). Doing Business Report: Uzbekistan Country Profile. World Bank Group.

8.UNIDO (2019). Framework for the Development of Free Zones. United Nations Industrial Development Organization.

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