BUSINESS ENVIRONMENT IN A TRANSITION ECONOMY AND ITS IMPLICATIONS ON BUSINESS OPPORTUNITIES IN KYRGYZSTAN: ANALYSIS AND RECOMMENDATIONS

Year 2013, Volume: 2 Issue: 58, 7 - 16, 01.05.2013

Ch. Y. Lee G. T. Maichinova

Abstract

Since its independence from the Soviet Union in 1991, Kyrgyzstan has undergone a substantial transition period marked by major reforms in the cultural, socio-political, legal, and economic environment. These developments have turned Kyrgyzstan into one of better investment destinations in Central Asia. Yet, Kyrgyzstan has not been able to attract enough foreign direct investments needed for its development of a sustainable economy based on a strong free economy with lots of businesses. In reality, numerous promising business areas exist in the country along with risks. This paper examines the opportunities and challenges awaiting multinational firms in Kyrgyzstan and recommends proactive strategies that will help them succeed in this transition market

Keywords

Transition Economy, Business Environment, Foreign Direct Investment, Multinational Firms, Kyrgyzstan

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