EFFICIENCY OF FOREIGN INVESTMENTS BY TYPES OF ACTIVITY AS A GUARANTEE FOR THE DEVELOPMENT OF ARMENIA’S ECONOMY
https://doi.org /10.59982/18294359-23.14.2-ra-06
Abstract
The article is devoted to the effectiveness of foreign investments according to the types of activities as a guarantee of the development of the Armenian economy. According to the results of the analysis based on RA statistical databases, within the framework of this work, comparative analyses were made, the leading activity areas according to the investments made were highlighted, and their dynamics during the reporting period were given. Investments play an important role in the economic development of countries around the world, ensure the growth of GDP, make positive changes in internal socio-economic policy, mechanisms of resource utilization, and form foreign policy. An effective investment policy creates a basis for the development of branches of strategic importance for the state, qualitative transformations of the structure of the economy, and proper representation of the country’s quality products on the international market.
To ensure stable economic growth, FDI is one of the main factors that become the basis for high-quality economic development in countries around the world, which also reflects the favorable development of the country’s investment environment. In the current economic conditions, the main mechanism for the activation of investment activities is the modernization and technological renewal of production facilities and the creation of conditions for attracting private, foreign, and domestic investors for the purpose of financing economic development.
Keywords։ Economic growth, net flows, comparison, stimulus, investment environment.
PAGES : 64-72