Problems of Economic Sectors of the Kyrgyz Republic

At present the Kyrgyz Republic’s key task is the transition to a model of the dynamic, stable and steady economic growth, which is based on enhancement of the state’s role, economic competitiveness. Those problems are the most important due to exceptional significance of a correct choice of the strategy and tactics of the social and economic development of the country in the mid-term and long-term prospects, a depth of transformation changes in the economy. In view of this, it is important to determine the problems in sectors of the economy, which impede the country’s dynamic development. The first part of the article examines theoretical aspects related to a definition of the economic growth. The second part covers an analysis of problems in different economic sectors of the Kyrgyz Republic. On the basis of the developed plan the research’s main goal is to analyze the strategic development of the country’s economy. The research used the combination of quantitative and qualitative approaches, the use of a method of system analysis, classification and generalization. The article deals with the main working tools. Firstly, the use of an institutional approach in the research added a significant synergetic effect to it. Secondly, the processes of transformation of the social and economic system are considered by means of the basic notions of the economic growth very logically and regularly. Thirdly, acknowledgement of institutional changes in the market production relations in the economy being reformed as the dominant idea made it possible to sort out pressing issues, which address the tasks of optimizing the market transformation of the economy. The outcome of this article is revelation of the major problems in the key economic sectors of the Kyrgyz Republic and formation of theoretical and practical measures to solve them, which, in the long run, could exert its positive influence upon the political and economical situation in the republic.

Keywords:

institutional changes , economic growth , economic sectors , structure of production , corruption