ACADEMICIA: AN INTERNATIONAL MULTIDISCIPLINARY RESEARCH JOURNAL

  • Year: 2020
  • Volume: 10
  • Issue: 12

Issues of forming a competitive economy based on innovation

*Tashkent State Agrarian University, Republic ofUzbekistan Email id : dsaidova@rambler.ru

Abstract

The article analyzes the importance of the widespread introduction of new ideas and innovations in the production of sustainable development of the national economy, increasing the competitiveness of enterprises, the importance of expanding the share of export-oriented products and thus increase overall resource productivity. The article sets out the views of economists and the author’s approach to the role of the socio-economic potential of the regions in the development of the country’s economy and the investment climate in the regions. In addition to the traditional method of assessing the investment climate, the author presents a methodology for assessing the investment climate of the regions based on a generalized assessment, which is evaluated taking into account the specifics and characteristics of the regions of the Republic of Uzbekistan.

Keywords

Innovation, Competition, Market Mechanism, Investments, Innovations, Investment Activity, Attractiveness Of The Environment, Budgetary And Financial Potential, General Integrated Indicator