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Economic Growth Of Post-Soviet Central Asian Countries: Can Microentrepreneurship Play A Role?
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Titel: |
Economic Growth Of Post-Soviet Central Asian Countries: Can Microentrepreneurship Play A Role? |
In: | International Business & Economics Research Journal (IBER), 9, 2010, 3 |
veröffentlicht: |
Clute Institute
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ISSN: |
2157-9393 1535-0754 |
DOI: | 10.19030/iber.v9i3.545 |
Zusammenfassung: | <jats:p>The Union of Soviet Socialist Republics broke down in 1991 giving birth to 15 Newly Independent States. Soon after independence, all post-Soviet states engaged in reforming their economies by abandoning the Gosplan-style central planning. In their quest for economic growth, all 15 States formed trade unions; however, these trade unions did not lead to any significant regional growth. On the other hand, both group-based and individual microcredit operations, conducted through microfinance institutes succeeded in four out of the five post-Soviet Central Asian Countries. This paper analyzed 43 microfinance institutes in 4 post-Soviet Central Asian Countries and found that there was significant prospect for the development of microentrepreneurship in the region. In order to promote economic growth, the author recommends formation of a consortium of microfinance institutes in the region with membership of all five countries. Further studies are needed to ascertain the growth prospect of the post-Soviet Central Asian Countries through the development of microentrepreneurship.</jats:p> |
Format: | E-Article |
Quelle: | Clute Institute (CrossRef) |
Sprache: | Unbestimmt |