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Analysis of Economic Risks and the Future Policy Trends of Kyrgyzstan 吉尔吉斯斯坦经济风险及未来政策走向探析

 Author: Ding Chao  Category: Central Asia, Chinese Scholarship, Economics, International Relations, Journal, Kyrgyzstan, Politics  Publisher: Academic Journal of Russian Studies, 2018(3), vol. 8, 85-101  Publication Date: 2018  Language: Chinese  Link to Publisher

Central Asian states, including Kyrgyzstan, have been stuck in growth difficulties due to the global economic downturn and mutual sanctions between Russia and the west. Central Asia remains a high risk region for investment. The risks include: rising vulnerable caused by political turmoil and serious external dependence. Remittances and foreign trade are very important sources of GDP and fiscal revenue for Kyrgyzstan. Its economic growth has been largely affected by Russia, which is the main export destination of labor and trading partner for Kyrgyzstan. Joining the Eurasian Economic Union is an unavoidable policy option for Kyrgyzstan. After a brief setback in the early days of its accession to the Union, Kyrgyzstan’s foreign trade gradually recovered to the pre-crisis level. The development of the Silk Road Economic Belt in Central Asia has provided an alternative solution for Kyrgyzstan to balance its foreign economic relations. China has been Kyrgyzstan’s largest creditor for many years. At the same time, the Kyrgyzstan government formulates a long-term national development plan, continuing to promote market-oriented reform, making efforts to coordinate correlation between fiscal and monetary policy, investment policy, and the innovation policy in order to achieve economic development and social stability.