Publication Details
Abstract
This article explores the systemic issues hindering the effectiveness of investment activity at the regional level, the underlying causes of these problems, and the lack of optimal coordination of existing resources. The effectiveness of investment activity is fundamentally linked to the institutional formation of mutually beneficial economic relations between actors and the existence of a secure and stable investment environment. From this perspective, the article reveals the contradictions between short-term profit motivations and long-term sustainable development goals, emphasizing the critical role of government economic policy measures—such as tax incentives, subsidies, and guarantees—in aligning investor interests with broader development objectives. The article systematizes and analyzes the key factors influencing investment attractiveness, including financial, production, technological, marketing-logistics, raw material, human capital, and social dimensions. A regional diagnostic assessment based on a SWOT analysis is conducted using the example of the Namangan region, identifying its strategic advantages—such as natural resource potential, favorable geographic location, and industrial capacity—alongside limiting factors like macroeconomic instability, weak institutional structures, and social uncertainty. The article concludes that the integrated functioning of economic management mechanisms—financial incentives, fiscal regulation, and institutional reforms—constitutes the cornerstone of enhancing the competitiveness of the investment environment.