BUSINESS ENVIRONMENT AND ECONOMIC DEVELOPMENT IN CENTRAL ASIA
Abstract
The business environment is one of the most important determinants of economic growth, investment attractiveness, and entrepreneurial development. It encompasses the economic, political, legal, social, technological, and environmental conditions that influence business operations within a country or region. A favorable business environment encourages investment, promotes innovation, and supports sustainable economic growth.[1] In an increasingly globalized economy, countries compete not only through natural resources and labor costs but also through the quality of their business environments and institutional frameworks.
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