International Conference on Eurasian Economies
11-13 October 2012 – Almaty, KAZAKHSTAN
Paper detail
Paper ID : 583
Status : Paper published
Language : Russian
Topic : Growth and Development
Presenter: Dr. Marat Kudaikulov
Session : 4E Сельское хозяйство
System of the Relations of a Property and its Importance for Economy Development
Система отношений собственности и степень ее значимости для развития экономики
- Dr. Marat Kudaikulov (Kyrgyz-Russian Slavic University, Kyrgyzstan)
Abstract
According to recommendations within the Washington consensus which for successful transition from planned methods of managing in the Post-Soviet countries to market economy assumes formation of a class of owners for what actions for privatization of state ownership were recommended. But research carried out by the author of article shows that importance of the property rights to means of production fades into the background in relation to economy operating conditions. For development of market economy not important who is the legal owner of means of production, and the next moment is important: between whom the received income is distributed when using these means of production i.e. who is the economic owner of these means of production. Ideal conditions for healthy functioning of economy are under construction on interest in increase in the income and its complete display for further distribution through tax system that we and observe in the developed economy. It follows from this that the importance of the property rights to means of production in works of classics of a scientific socialism was overestimated that formed in turn the basis for incorrect counteractions within the Washington consensus.
JEL codes: P48
Kudaikulov, Marat (2012). "System of the Relations of a Property and its Importance for Economy Development" in Proceedings of International Conference of Eurasian Economies 2012, pp.566-570, Almaty, KAZAKHSTAN.
DOI: https://doi.org/10.36880/C03.00583
Session 4E: Сельское хозяйство
