IDEAS home Printed from https://ideas.repec.org/a/ibn/assjnl/v16y2020i9p41.html
   My bibliography  Save this article

Industrial Policy, Industrialization and Economic Development of Kyrgyzstan

Author

Listed:
  • Euna Lee
  • Jai S. Mah

Abstract

Kyrgyzstan pursued the market-based reform in the process of transition. Based on the literature review and statistical data covering 1990s-2010s, this paper explains economic development and industrialization of Kyrgyzstan in its transition process. The government of Kyrgyzstan promoted several priority sectors including agriculture, mining, energy, garment and agro-processing industry by industrial policy measures. There is little evidence that Kyrgyzstan has a comparative advantage in agriculture. Gold mining is expected to be depleted by 2020s. Kyrgyzstan appears to be competitive in hydroelectricity generation and agro-processing industry. Although the garment industry has led the manufacturing sector, it has been losing the foreign investors’ attention. Therefore, it is necessary for Kyrgyzstan to think of the next stage of economic development with the new industrial-led economic development strategy. The government of Kyrgyzstan may benefit from promoting value-added industries. For such value-added industries to develop, strengthening infrastructure particularly in human capital would be critical.

Suggested Citation

  • Euna Lee & Jai S. Mah, 2020. "Industrial Policy, Industrialization and Economic Development of Kyrgyzstan," Asian Social Science, Canadian Center of Science and Education, vol. 16(9), pages 1-41, September.
    • Handle: RePEc:ibn:assjnl:v:16:y:2020:i:9:p:41
    as

    Download full text from publisher

    File URL: https://ccsenet.org/journal/index.php/ass/article/download/0/0/43627/45811
    Download Restriction: no
    File URL: https://ccsenet.org/journal/index.php/ass/article/view/0/43627
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. World Bank, 2002. "Kyrgyz Republic : Update on the Mining Sector," World Bank Publications - Reports 15358, The World Bank Group.
    2. Jan Svejnar, 2002. "Transition Economies: Performance and Challenges," Journal of Economic Perspectives, American Economic Association, vol. 16(1), pages 3-28, Winter.
    3. International Monetary Fund, 2014. "The Kyrgyz Republic: Poverty Reduction Strategy Paper," IMF Staff Country Reports 2014/247, International Monetary Fund.
    4. Eun Young Bae & Jai S. Mah, 2019. "The role of industrial policy in the economic development of Uzbekistan," Post-Communist Economies, Taylor & Francis Journals, vol. 31(2), pages 240-257, March.
    5. Lerman, Zvi & Zedik, David, 2009. "Agrarian Reform in Kyrgyzstan: Achievements and the Unfinished Agenda," Discussion Papers 54160, Hebrew University of Jerusalem, Department of Agricultural Economics and Management.
    6. Mehmet Dikkaya & Ibrahim Keles, 2006. "A case study of foreign direct investment in Kyrgyzstan," Central Asian Survey, Taylor & Francis Journals, vol. 25(1-2), pages 149-156.
    7. Christensen, Garry & Pomfret, Richard, 2007. "Distortions to Agricultural Incentives in the Kyrgyz Republic," Agricultural Distortions Working Paper Series 48361, World Bank.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Linda Calabrese, 2024. "Diversifying Away from Extractives: The Belt and Road Initiative, Chinese Capital and Industrialisation in the Kyrgyz Republic," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 36(3), pages 601-638, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Eliza Zhunusova & Roland Herrmann, 2018. "Development Impacts of International Migration on “Sending” Communities: The Case of Rural Kyrgyzstan," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 30(5), pages 871-891, December.
    2. Olivier Blanchard & Michael Kremer, 1997. "Disorganization," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(4), pages 1091-1126.
    3. Lamo, Ana & Messina, Julián & Wasmer, Etienne, 2011. "Are specific skills an obstacle to labor market adjustment?," Labour Economics, Elsevier, vol. 18(2), pages 240-256, April.
    4. Askarov, Zohid & Doucouliagos, Hristos, 2015. "Spatial aid spillovers during transition," European Journal of Political Economy, Elsevier, vol. 40(PA), pages 79-95.
    5. Joanna TYROWICZ & Piotr W�JCIK, 2009. "Some Remarks On The Effects Of Active Labour Market Policies In Post-Transition," Journal of Applied Economic Sciences, Spiru Haret University, Faculty of Financial Management and Accounting Craiova, vol. 4(2(8)_ Sum).
    6. Thomas Vendryes, 2014. "Peasants Against Private Property Rights: A Review Of The Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 28(5), pages 971-995, December.
    7. Zhunusova, Eliza, 2013. "Policy-Induced Distortions to Farmer Incentives and Their Impact on Agricultural Land Use in the Kyrgyz Republic," International Conference and Young Researchers Forum - Natural Resource Use in Central Asia: Institutional Challenges and the Contribution of Capacity Building 189911, University of Giessen (JLU Giessen), Center for International Development and Environmental Research.
    8. Klapper, Leora & Sarria-Allende, Virginia & Sulla, Victor, 2002. "Small and medium size enterprise financing in Eastern Europe," Policy Research Working Paper Series 2933, The World Bank.
    9. Svejnar, Jan, 2007. "China in Light of the Performance of Central and East European Economies," CEPR Discussion Papers 6320, C.E.P.R. Discussion Papers.
    10. Boudreaux, Christopher, 2019. "Do private enterprises outperform state enterprises in an emerging market? The importance of institutional context in entrepreneurship," MPRA Paper 93039, University Library of Munich, Germany.
    11. Mogilevskii, Roman & Abdrazakova, Nazgul & Bolotbekova, Aida & Chalbasova, Saule & Dzhumaeva, Shoola & Tilekeyev, Kanat, 2017. "The outcomes of 25 years of agricultural reforms in Kyrgyzstan," IAMO Discussion Papers 253882, Institute of Agricultural Development in Transition Economies (IAMO).
    12. Tatiana DANESCU & Maria-Alexandra POPA, 2020. "The Inter-conditioning between Corporate Governance and Financial Performance," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 18(159), pages 578-578.
    13. Klara Sabirianova Peter & Jan Svejnar & Katherine Terrell, 2012. "Foreign Investment, Corporate Ownership, and Development: Are Firms in Emerging Markets Catching Up to the World Standard?," The Review of Economics and Statistics, MIT Press, vol. 94(4), pages 981-999, November.
    14. Sharon Eicher, 2004. "Is Kazakhstan a Market Economy Yet? Getting Warmer ...," Development and Comp Systems 0403008, University Library of Munich, Germany.
    15. Anastassios D. Karayiannis & Allan E. Young, 2003. "Entrepreneurial Activities in a Veblenian Type Transition Economy," The American Economist, Sage Publications, vol. 47(2), pages 40-51, October.
    16. Kancs, d'Artis & Persyn, Damiaan, 2019. "Welfare Gains from the Variety Growth," JRC Working Papers in Economics and Finance 2019-01, Joint Research Centre, European Commission.
    17. Christopher Boudreaux, 2019. "When does privatization spur entrepreneurial performance? The moderating effect of institutional quality in an emerging market," Papers 1901.03356, arXiv.org.
    18. Lucia Tajoli, 2022. "Too much of a good thing? Russia-EU international trade relations at times of war," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 49(4), pages 807-834, December.
    19. Zdolsek, Daniel & Kolar, Iztok, 2013. "Management disclosure practices for disaggregated (financial) information in Slovenian unlisted companies," Journal of East European Management Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 18(2), pages 232-263.
    20. Torbjörn Becker & Anders Olofsgård, 2018. "From abnormal to normal : Two tales of growth from 25 years of transition," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 26(4), pages 769-800, October.

    More about this item

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ibn:assjnl:v:16:y:2020:i:9:p:41. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Canadian Center of Science and Education (email available below). General contact details of provider: https://edirc.repec.org/data/cepflch.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.