market economy
Three decades of economic and social transformations demonstrated that the processes of forming a market economy have not yet been completed in Tajikistan. Among the reasons are the low quality of institutions and human capital, as well as poor initial conditions formed long before 1991, a participant of the CABAR.asia School of Analytics Aziz Timurov believes.
Over the years of independence in Kyrgyzstan, there has been a gradual transition from a command-administrative system to market relations, said Iskender Sharsheev, head of the Secretariat of the National Alliance of Business Associations. However, in his opinion, the country still has a lot to do to reform its economy.
“With the relatively successful implementation of at least part of the necessary reforms, there is hope for the formation of more or less effective inclusive market institutions, for the creation of conditions for sustainable economic development, the formation of a “middle class” and civil society. The “middle class” and civil society will become a social support for further economic, legal and political reforms in the future,” mentioned Yuliy Yusupov, director of the Center for Assistance to Economic Development (Tashkent), in an article written specifically for the analytical platform CABAR.asia. (more…)