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Industrial Policy, Industrialization and Economic Development of Kyrgyzstan

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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
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    References listed on IDEAS

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    1. Christensen, Garry & Pomfret, Richard, 2007. "Distortions to Agricultural Incentives in the Kyrgyz Republic," Agricultural Distortions Working Paper Series 48361, World Bank.
    2. 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.
    3. 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.
    4. 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.
    5. World Bank, 2002. "Kyrgyz Republic : Update on the Mining Sector," World Bank Publications - Reports 15358, The World Bank Group.
    6. Jan Svejnar, 2002. "Transition Economies: Performance and Challenges," Journal of Economic Perspectives, American Economic Association, vol. 16(1), pages 3-28, Winter.
    7. International Monetary Fund, 2014. "The Kyrgyz Republic: Poverty Reduction Strategy Paper," IMF Staff Country Reports 2014/247, International Monetary Fund.
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    More about this item

    JEL classification:

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

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