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Accepted Paper:
Innovation and investment policies in Central Asia
Numonjon Malikov
(University of World Economy and Diplomacy)
This article discusses the efforts made in Central Asian countries from a resource economy to an innovative economy.
Paper long abstract:
The Central Asian states were considered to be the fastest growing developed countries. The role of foreign investment in increasing the standard of living in the region is significant.
However, these countries, like many developing countries, have been providing economic growth through the sale of resources. Foreign investment in these countries was mainly in the extractive sector, with a very low level of diversification by industry and country. This, in turn, has shown that the role of a small number of donor countries in the economies of Central Asian countries is growing. This article discusses the investment policy pursued by Central Asian countries in recent years to promote innovation.