Economic and geographical features of the formation of the entrepreneurial environment in the Kyrgyz Republic
T.I. TURDIEV1, G.B. ALIMOVA2
1Russian State Social University, Osh Branch, Osh, Kyrgyzstan;
2Osh State University, Osh, Kyrgyzstan
Keywords: regional economy, competition, poverty, social differentiation, economic security, business
Abstract
The most significant economic and geographical conditions for the formation of the entrepreneurial environment in Kyrgyzstan have been identified. Some socioeconomic features of entrepreneurship in the Kyrgyz Republic are shown, taking into account the specifics of the transition period. The institutional problems that hinder the successful development of entrepreneurship in Kyrgyzstan have been clarified. The main institutional trends of recent years are characterized. The strategically significant task of successfully forming an entrepreneurial environment is considered in relation to the general state of the country’s national economy. The conclusion that the development of entrepreneurship is vital for the sustainable development of the state economy is substantiated. Socioeconomic processes in Kyrgyzstan that are significant from the viewpoint of ensuring the continuity of economic policy for the development of entrepreneurship in the region have been identified and analyzed. It has been revealed that historical and economic trends in the formation of the entrepreneurial environment in the Kyrgyz Republic influence the current state of entrepreneurship. The article has clarified the main chronological milestones in the development of entrepreneurship in Kyrgyzstan, which together help to understand the current contours of the entrepreneurial environment and determine the nature of the region’s prospective development. Due to the socio-political upheavals in the Republic, largely caused by the systemic socio-economic crisis, incompetence and corruption in all branches of government, and the strengthening of the shadow economy, issues of ensuring the country’s economic security are becoming acutely relevant. It is concluded that the most intense centers of destabilization require the priority implementation of adequate measures to eliminate them. It has been established that the country’s external debt has become a source of threat not only to the economic security of Kyrgyzstan, but also to the country’s political independence. It has been revealed that poverty of the population and income inequality continue to be the most pressing social factors, negatively impacting the quality of human capital, which is an important element in the context of formation of the “middle class” in society. It is concluded that sustainable development of entrepreneurship is of particular importance in Kyrgyzstan, since the success of the market economic system is associated with the development of entrepreneurship in the country.
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