International Conference on Eurasian Economies
4-5 November 2010 – Istanbul, TURKEY
Paper detail
Paper ID : 160
Status : Paper published
Language : Russian
Topic : Finance and Financial Crises
Presenter: Prof. Dr. Turar Koychuev
Session : 5C Глобальный кризис
Kyrgyzstan: The Hard way to Recovery
Кыргызстан: трудный путь к оздоровлению
- Prof. Dr. Turar Koychuev (National Academy of Sciences, Kyrgyzstan)
Abstract
The paper analyzes the reasons of the overturn in the power in April 2010, considers the economical difficulties, the country is facing on, the present condition of the economy and its perspectives. It indicates the priorities of the Kyrgyz foreign economic activity. The problems of governing over the economy and social-economical policies are considered. The world economic crisis, undoubtedly, has influenced on the economy of the country. Reduction of international financial resources decreased inflow of foreign investments in the country. The financial crisis influenced on the demand of our export. The import of manufacturing and consumer goods decreased, whereas our republic is very dependent from import. The crisis influenced on technological modernization and renewal of production. In addition, the crisis in our country could provoke to growth of corruption. Nevertheless all these negative conditions could move us to positive solutions. The economy of the country must find effective methods for using internal investments, accumulate them in government and private founds for this could secure the economy in risky situations. It is time to create efficient system of ruling over the economy and activity of the Kyrgyz Republic.
JEL codes: A10, P20
Koychuev, Turar (2010). "Kyrgyzstan: The Hard way to Recovery" in Proceedings of International Conference of Eurasian Economies 2010, pp.351-360, Istanbul, TURKEY.
DOI: https://doi.org/10.36880/C01.00160
