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Development of business in the agrarian sector of Kyrgyzstan's economy


Sharshenbek A. Zhantemirov
(about the author)

Zhantemirov Sharshenbek A. – Candidate of Science, Agriculture, a Doctorate Student, Chair of Company Economics and Business (Peoples’ Friendship University of Russia, Moscow)

Published in:
Russian Journal of Entrepreneurship
– Volume 17, Number 20 (October 2016)

JEL classification: J43, L26, Q13, R11

Keywords: agrarian sector, agriculture, business, employment of population, individual entrepreneurs, peasant (farmer) household, small and medium business, support of agriculture


Citation:
Sharshenbek A. Zhantemirov (2016). Development of business in the agrarian sector of Kyrgyzstan's economy. Russian Journal of Entrepreneurship, 17(20), 2735–2744. doi: 10.18334/rp.17.20.36660


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Abstract:

The article concerns the development of business in the agrarian sphere of the Kyrgyz Republic as well as forms of its existence and the significance of the business in provision of the food supply security. The author has made the certain analysis of the dynamics of the business development in Kyrgyzstan. It is found out that, as for beginning of the year 2015, 12549 small and medium business subjects operate, and the proportion of the small and medium agricultural companies in the total number of companies is 3,5% (excluding peasant (farmer) households). The degree of the small business development influences on the saturation of the market by commodities, expansion of competition, growth of employment rate, the social development of villages, and, what's more, helps to increase the economic effectiveness of the agroindustrial complex (1, p. 306). The main hypothesis is aimed to development of the business in the agrarian sector and tells of the need in the state support, creation of logistic centers, training of the agricultural experts and creation of the village infrastructure. The development of business in the agrarian sector is closely related to the potential opportunity of agricultural products to approach the foreign market. As a whole, the author analyzes the condition of the business and opportunities for its development.







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