THE IMPACT OF CORRUPTION, FREEDOM OF PRESS AND ECONOMIC FREEDOM ON FOREIGN DIRECT INVESTMENT IN UZBEKISTAN

Abstract

As the world is globalized, more and more businesspeople tend to invest in oversea countries. In 2019 the global foreign direct investment was $1.54 trillion. Under such condition, some countries receive a lot of advantages, increasing local infrastructure and creating new vacancies. However, due to political, legal and financial issues some countries are yet to take advantages of this phenomenon. One of them is Uzbekistan, freedom of press, corruption and economic freedom appear to be the main culprit for the deterioration of free market and business world. This paper is expected to cast a light on these issues in Uzbekistan’s case. Understanding such kind of problems in-depth could also help this country carry out a feasible policy to attract foreign direct investment which in turn, is expected to boost local economy. More importantly, Uzbekistan would improve its status in international business arena.