“Problems of Central Asian Countries during the Adaptation of Free Market Economy following the Independence and Viable Solutions”
Bishkek, Kyrgyzstan, 22 May, 2003
International Atatürk-Alatoo University
The centralized economies started to dissolve following the 1990s and these countries were exposed to a process of transformation, passage to the free market economy. In this context, especially Cental Asian Republics had been an attractive field for the foreign investors and academicians.
In Central Asia -also forming one of the important geo-political cornerstones of the Historical Silk Road- because of the insufficiency of domestic savings these regional economies are in need of foreing investment and the employment of local resources through productivity. The aforementioned principles seem inevitable in the reshaping of these economies, specificly Kyrgyz economy.
The concepts such as privatization, transfer of foreign capital and encouragement of local investment are inserted into the economic programs of these countries following the long practice of centralized economy. Thus, the replacement of the previous structure has been experiencing a though adaptation process.
In this framework, this conference aims to form an academic platform and open the new doors of dialogue while enlightening the problems of Central Asian economies with possible solutions.
Harun Yakışık, Chair
Department of Management
International Ataturk-Alatoo University,
Gorky Str., 720048,
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