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COMPARATIVE ASSESSMENT OF GREEN INVESTMENT MODELS IN DEVELOPING ECONOMIES
Maksud Kurolov

Countries are increasingly proposing investment attraction systems that aim to improve economic efficiency and achieve higher “green competitiveness” outcomes by better aligning environmental standards and growth policies under sustainability-oriented governance mechanisms. The need to develop and implement balanced investment strategies, drawing on international best practices to determine which environmental and economic indicators are appropriate and how to integrate them into national planning systems and sectoral development programs, is forcing emerging economies to rethink their policy instruments, regulatory mechanisms, and institutional capacities. This study aims to make this contribution, in addition to providing an analytical framework that reviews empirical papers that shed light on the interactions between investment attraction, environmental compliance, and policy coordination with dynamics such as sustainable fiscal policy, industrial modernization, regional development, or green transformation. Following a methodological synthesis, a comparative assessment of foreign investment development is prepared, in which environmental integration is linked to these key terms, economic diversification and institutional adaptation. This framework can serve as a benchmarking model and policy guidance for regulators, investors, analysts and decision-makers. This study has two main contributions. First, it is the first time that such a multi-criteria assessment table is being developed to demonstrate the interrelationship between economic and environmental aspects. Second, it captures the idea of compatibility between environmental protection and economic development, policy implementation and societal needs, national priorities and global standards, i.e. it requires flexible governance. This article provides Uzbek policymakers with important information and insights on how to take environmental commitments into account when attracting sustainable investment. The future research agenda provides broad opportunities for comparative analyses and applied studies on investment efficiency, sustainable growth, institutional capacity, and green transformation.

10/26/2025
  • PDF (Uzbek)
689-701 124 109
TYPES AND FORMS OF ORGANIZING ISLAMIC BANKING SERVICES
Shukrullo Sirojiddinov

This article provides a theoretical comparative analysis of the three main models for providing Islamic financial services in commercial banks - Islamic windows, Islamic subsidiary banks, and full Islamic banks. The analysis is carried out through four fundamental economic concepts: the theory of entry costs, the theory of transaction costs, the resource-based approach, and institutional theory. The article also provides a detailed explanation of the main financial services provided by Islamic banks - murabaha, mudaraba, musharaka, ijara, istisna, and salam - along with their contractual mechanisms. The results of the study show that in countries such as Uzbekistan, where the Islamic finance market is still in its infancy, the Islamic window model has a strategic advantage and importance in terms of low entry costs, efficient use of existing infrastructure, and dynamic flexibility

06/17/2026
  • PDF (Uzbek)
633-640 78 45
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