The Concept, Types and Licensing Procedures of Activities that Must Be Licensed in International Investment Law

Abstract

Investment activity is a very important process for the economic development of any country. Investment will improve the performance of underdeveloped sectors, thereby increasing the economic potential of the state and is a necessary factor for increasing employment. Large-scale attraction of foreign investment will allow to carry out structural changes in the economy, strengthen the country`s export potential, create high-tech competitive industries, apply advanced foreign technologies, know-how and management practices. Licensing of investment is one of the most important steps in this process