Фактор политической стабильности и устойчивости в привлечении прямых иностранных инвестиций в страны Центральной Азии

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Abstract. Introduction: the region under analysis is of strategic importance in terms of geopolitics and geo-economics of the post-Soviet territory. Having a special transit potential, the region’s involvement in the modern international processes is actively growing. In addition, the politicalgeographical area of the Central Asia countries is diversified: some of them have a relatively good standard of living and are rich in resources (Kazakhstan, Turkmenistan, Uzbekistan), while the others reveal a problematic political situation (Kyrgyzstan, Tajikistan).; the former demonstrate generally high level of political stability during the post-Soviet period and have stable political systems, while the latter, in contrast, are marked mostly by instability and unsustainability. At the same time, these countries display similar features, such as a significant proportion of public sector and low rates of innovation and technological development; the institution of head of the state plays the role in the political field, regional division of elite groups and clan system are clearly marked, as well as a strong influence of cultural-historical specificity of the society. Objectives: to reveal the importance of the political stability and sustainability factor for attracting foreign direct investment to the Central Asia countries. Methods: the study of political stability and sustainability is built on the system approach, comparative-political analysis, index analysis; the countries investment attractiveness, economic opportunities and economic potential are dealt with through comparative-economic analysis of statistical data; the hypothesis on the influence of political stability and sustainability factor on the influx of foreign direct investment is tested by the extended Dickey-Fuller criterion and the Granger test for causality. Results: the study showed that the factor of political stability and sustainability is not the determining factor for attracting foreign direct investment to the countries of Central Asia. Conclusions: the influx of foreign direct investment into Central Asia countries is likely to be largely dependent on their economic development and/or other factors.