THE LEGAL SIGNIFICANCE OF GLOBAL ECONOMIC INDICES IN UZBEKISTAN’S INVESTMENT POLICY

Abstract

This study examines the legal significance of global economic indices in shaping Uzbekistan’s investment policy within the context of an increasingly globalized world economy. International indicators such as the Doing Business Index, the Global Competitiveness Index, the Corruption Perceptions Index, and the Index of Economic Freedom serve as important benchmarks for evaluating the effectiveness of national economic reforms and determining the country’s investment attractiveness. The research highlights the impact of large-scale legal and institutional reforms implemented in Uzbekistan since 2016, including improvements in business regulation, investment protection mechanisms, judicial modernization, tax incentives, and the establishment of specialized institutions. Empirical data from 2018–2024 reveal notable progress in the country’s performance in major international indices, demonstrating the effectiveness of the adopted policy measures. The study also outlines key challenges that remain—especially in combating corruption, strengthening property rights protection, and developing infrastructure—and provides recommendations to further enhance Uzbekistan’s position in the global investment landscape. The findings underscore the necessity of continuous legal reforms and the adaptation of international best practices to national economic conditions.