Send message to Author

Paper abstract:

The paper analyzes the current issues of changing the sectoral structure of the economy of Kyrgyzstan, which has changed radically since independence. It is possible to distinguish several stages in the development of the country's economy. At each stage, the goals and main drivers of economic growth have been changed. The new drivers of economic growth were the following sectors: mining industry, construction, trade and goods and services. The share of large industries from the Soviet period has fallen significantly. The current structure of the economy and foreign trade is unsustainable. It is characterized by a strong dependence on the conjuncture of the mining industry, the economic situation in the Russian Federation, migrant remittances and loans from the PRC. Kyrgyzstan's economy needs fundamental changes in its structure, achieving high-quality and balanced growth by improving the investment climate and encouraging entrepreneurship. In addition, when introducing new changes into the economic structure of the country, it is necessary to take the contemporary environmental issues such as climate change into account. Given the small number of large investment opportunities, it is necessary to focus on the creation of an institutional environment favorable to the development of small and medium businesses in the country. We hope that the paper will be useful to researchers and policy makers who elaborate economic policy, as well as teachers and students of social sciences

Keywords: stages of development, Kyrgyzstan, new growth drivers, irrational structure of economy and foreign trade