THE POTENTIAL OF INTERNATIONAL COOPERATION WITHIN THE FRAMEWORK OF INVESTMENTS OF MEMBER COUNTRIES OF THE ORGANIZATION OF ECONOMIC COOPERATION

Abstract

The article examines the potential of international cooperation in the field of investments between the member countries of the Economic Cooperation Organization (ECO), as well as its impact on the overall economic development of the region. The author focuses on institutional and economic factors that significantly influence cross-border capital flows. An important aspect is the analysis of how legislative, regulatory, and financial conditions in ECO countries can either promote or, conversely, hinder investment cooperation. Mechanisms for coordinating investment policies, including the creation of a common legal and economic space for investors, are considered as key elements for the development of regional economic partnerships.

The article also analyzes the main trends and barriers hindering the deepening of investment cooperation, such as imperfect national-level regulations, infrastructure limitations, and issues related to macroeconomic stability and political uncertainty. In the context of globalization and growing competition for international investments, these problems can significantly complicate the attraction of capital to the developing economies of ECO countries.

The authors identify prospective directions for the development of international investment ties, taking into account modern challenges of the global economy, such as digitalization, sustainable development, climate change, and trends in regional integration. In this context, special attention is paid to the importance of forming a unified strategy that would facilitate the harmonization of economic interests among member countries and stimulate the inflow of sustainable investments.

In conclusion, recommendations are provided to improve the effectiveness of interaction between ECO countries, aimed at eliminating existing barriers and creating favorable conditions for attracting investments. It is proposed to strengthen cooperation in the field of innovative technologies, improve infrastructure and macroeconomic stability, as well as introduce new coordination mechanisms at the intergovernmental level, which will contribute to strengthening economic cooperation and accelerating regional integration processes.