Permalink : http://hdl.handle.net/2115/5386

KEYWORDS : Transitional Economies, Capital Flows,Market Economy, Economic Development, Central Asia, Uzbekistan

Uzbekistan-the most populated country in Central Asia-provides an interesting contrast in terms of the transition strategies and economic outcomes. Uzbekistan transitional policies have been much more conservative and in contrast with policies adopted by other transitional economies in its peer group; preferring to transform its economy using its own form of gradualism and slow sequencing of reforms. In recent years foreign direct investment has become an important feature of the development of the world economy, and Uzbekistan too is coming to terms with these global challenges. This study aims at analyzing the foreign direct investment inflow to Uzbekistan; the presence of incentives and obstacles for investors as well as government policy for investment attraction has been brought into focus. In the end some suggestions for the promotion of investment-friendly environment have been put forwards. (JEL F21, O53, P33)