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Factors Contributing to FDI Inflow in the Andijan region of Uzbekistan
Sardorbek Ismoilov,Sung Keuk-Je 경희대학교 국제학연구원 2019 Asian Journal of International Studies (AJIS) Vol.24 No.2
This paper explores the factors contributing to FDI inflow based on a survey of 152 foreign-invested enterprises located in the Andijan region of Uzbekistan. The results indicate strong existence for the market-seeking and resource-seeking motives while having a weak presence of the efficiency-seeking motive. Moreover, the orientationof firms inl ocal market utilization has beenp rimarily investigated. There are no significant problems that have been faced by the surveyed enterprises, but some problems such as lack of infrastructure, bureaucracy, corruption and unsatisfactory economic environment have been identified as having a weak impact. The factors such as local market utilization and having access to the regional market (CIS) have been observed as significant in the accomplishment of FDI intention. The factor of technology transfer has been evaluated by local partners as the most important motive in attracting FDI while they expect more from foreign investors insecuring the export market.