scholarly journals Industrial Policy, Industrialization and Economic Development of Kyrgyzstan

2020 ◽  
Vol 16 (9) ◽  
pp. 41
Author(s):  
Euna Lee ◽  
Jai S. Mah
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Industrial Policy ◽  
Statistical Data ◽  
Manufacturing Sector ◽  
Value Added ◽  
Transition Process ◽  
Processing Industry ◽  
Policy Measures ◽  
The Government

Kyrgyzstan pursued the market-based reform in the process of transition. Based on the literature review and statistical data covering 1990s-2010s, this paper explains economic development and industrialization of Kyrgyzstan in its transition process. The government of Kyrgyzstan promoted several priority sectors including agriculture, mining, energy, garment and agro-processing industry by industrial policy measures. There is little evidence that Kyrgyzstan has a comparative advantage in agriculture. Gold mining is expected to be depleted by 2020s. Kyrgyzstan appears to be competitive in hydroelectricity generation and agro-processing industry. Although the garment industry has led the manufacturing sector, it has been losing the foreign investors’ attention. Therefore, it is necessary for Kyrgyzstan to think of the next stage of economic development with the new industrial-led economic development strategy. The government of Kyrgyzstan may benefit from promoting value-added industries. For such value-added industries to develop, strengthening infrastructure particularly in human capital would be critical.

scholarly journals MAKE IN INDIA – ROAD AHEAD GLOBAL AND DOMESTIC OUTLOOK OF MANUFACTURING SECTOR GROWTH DYNAMICS, OPPORTUNITIES AND CHALLENGES

2020 ◽  
pp. 56-60
Author(s):  
Dr. K. Madhava Rao
Keyword(s):  
Industrial Policy ◽  
Manufacturing Sector ◽  
Commodity Prices ◽  
Growth Dynamics ◽  
Value Added ◽  
Primary Objective ◽  
Tertiary Sector ◽  
Industrial Growth ◽  
Economic Fundamentals ◽  
The Government

India is set to emerge as the world’s fastest-growing major economy by 2015 ahead of China, as per the recent report by The World Bank. India’s Gross Domestic Product (GDP) is expected to grow at 7.5 per cent in 2015, as per the report. The improvement in India’s economic fundamentals has accelerated in the year 2015 with the combined impact of strong government reforms, RBI's inflation focus supported by benign global commodity prices. The Indian economy has been witnessing positive sentiments during the past few months. The macroeconomic indicators have also displayed an encouraging trend in the recent times. However, the situation of the manufacturing sector in India is a cause of concern. At 16% value added to GDP, the sector does not seem representative of its potential which should have been 25%. However, the industrial growth scenario is improving and is estimated at 1.9% in the period April-October 2014-15. Make in India is a major new national programme of the Government of India designed to facilitate investment, foster innovation, enhance skill development, protect intellectual property and build best in class manufacturing infrastructure in the country. The primary objective of this initiative is to attract investments from across the globe and strengthen India’s manufacturing sector. It is being led by the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, Government of India. The Make in India programme is very important for the economic growth of India as it aims at utilising the existing Indian talent base, creating additional employment opportunities and empowering secondary and tertiary sector. The present study is an attempt to understand the global and domestic outlook of manufacturing sector, growth dynamics, opportunities and challenges for manufacturing firms particularly in the states under the influence of DMIC. KEY WORDS: Emerge, Primary Objective, Industrial Policy, Economic Fundamentals, and Commodity Prices.

scholarly journals The Role of Small-scale Industry in Pakistan's Economy and Government Incentives

1986 ◽  
Vol 25 (4) ◽  
pp. 789-807
Author(s):  
Muhammad Hussain Malik ◽  
Aftab Ahmad Cheema
Keyword(s):  
Economic Development ◽  
Industrial Policy ◽  
Large Scale ◽  
Manufacturing Sector ◽  
Small Scale ◽  
The Past ◽  
Small Scale Industry ◽  
Small Industry ◽  
The Government

Despite the recognition of the importance of small-scale industry, the Government of Pakistan's industrial policy has been biased in the past towards the large-scale manufacturing sector. The First Five Year Plan (1955-60) document states the significance of small-scale industry in the following words. Small industry has specific contributions to make to economic development. In the first place, it can contribute to the output of needed goods without requiring the organization of large new enterprises or the use of much foreign exchange to finance the import of new equipment. Secondly, it can provide opportunities for employment beyond the narrow boundaries of urban centres. Finally, as history shows, it can perform an important function in promoting growth, providing training ground for management and labour, and spreading industrial knowledge over wide areas [8, p. 471] .

The State, Private Sector Development, and Ghana's “Golden Age of Business”

2006 ◽  
Vol 49 (1) ◽  
pp. 31-50 ◽  
Author(s):  
Peter Arthur
Keyword(s):  
Economic Development ◽  
Private Sector ◽  
Development Strategy ◽  
Golden Age ◽  
Structural Adjustment ◽  
Investment Climate ◽  
Private Sector Development ◽  
Effective Implementation ◽  
Adjustment Program ◽  
The Government

Abstract:The promotion of the private sector has become an integral part of Ghana's economic development strategy since it embarked on its structural adjustment program (SAP) in 1983. Private sector development, which involves the improvement of the investment climate and the enhancing of basic service delivery, is considered one of the necessary factors for sustaining and expanding businesses, stimulating economic growth, and reducing poverty. This article examines the policies of Ghana's New Patriotic Party (NPP) government and its strategies for making the private sector the bedrock of economic development and for achieving what it calls the “Golden Age of Business.” It argues that while the policies and initiatives being pursued have the potential to help in the development of the private sector in Ghana, the government has to play a more central role in this process, not only by creating the enabling environment for private businesses, but also by providing business with support and protection. While the “Golden Age of Business” is a neoliberal concept, its effective implementation requires a robust statist input.

Performance and Determinants of India’s GDP Since 1950: A Quantitative Analysis

2008 ◽  
Vol 4 (2) ◽  
pp. 106-131
Author(s):  
Alok Kumar Pandey ◽  
Annapurna Dixit
Keyword(s):  
Structural Adjustment ◽  
Service Sector ◽  
Agricultural Sector ◽  
Manufacturing Sector ◽  
Indian Economy ◽  
Export Sector ◽  
Policy Measures ◽  
The Government ◽  
Structural Adjustment Programmes ◽  
Sector Service

he planned economic development during the 40 years period (1950-91) has showed a mixed scenario. For example per annum growth in GDP during first fifteen years 1950-65 was found at 4 percent while during the period 1967-80 it declined marginally and stood at merely 3.45 percent per annum. However the decade of eighties which witnessed improvement in Agricultural sector, Mining & Manufacturing sector, Service sector and Export sector has resulted in 5.46 per cent per annum growth in the GDP. In this connection it is significant to observe that the overall growth in GDP during the period 1950 to 1991 was not very impressive due to constant pulls and pressures. In the early 1991, Indian economy faced several economic crises, like fiscal imbalances, mounting inflationary pressures and severe balance of payment crisis etc. The congress government, which assumed office at the end of June 1991, responded quickly to these problems. As a rescue measure, a series of new policy measures were announced in July 1991 by the government of India. These are also known as Structural Adjustment Programmes (SAPs) of 1991.The major thrust of present paper is to evaluate the performance (for the period 1950 to 2006) as well as determinants (for the period 1975 to 2006) of Gross Domestic Product (GDP) of Indian economy.

scholarly journals Efficiency in Value Added Tax in Sub-National Governments in India: An Empirical Analysis

2018 ◽  
Vol 4 (02) ◽  
Author(s):  
Asit Ranjan Mohanty ◽  
Suresh Kumar Patra ◽  
Satyendra Kumar .
Keyword(s):  
Manufacturing Sector ◽  
Collection Efficiency ◽  
Random Effect ◽  
Random Effect Model ◽  
Value Added ◽  
Bank Credit ◽  
Favourable Effect ◽  
Indian States ◽  
Agriculture Sector ◽  
The Government

The present study attempts to analyse whether the VAT efficiency has improved after its implementation. Further, we examine the major determinants of VAT efficiency for 17 non-special category Indian states for the period 2000-01 to 2014-15. Using random effect model (as suggested by Hausman test), the urbanization ratio, billing and collection efficiency, bank credit ratio and share of agriculture sector are found to have a favourable effect on VAT efficiency while the share of the unregistered manufacturing sector and share of services sector have an adverse impact on VAT efficiency. Besides, the study also reveals that tax efficiency has come down in the aftermath of the implementation of the VAT in India. As regards policy implication, initiatives by the government for the high level of urbanization, raising billing and collection efficiency, providing more bank credit and encouraging agricultural activities would enhance the VAT efficiency. Since the coefficient of the VAT dummy is negative in the model, the government may revise the existing tax system and adopt a suitable taxation system that solves the problem in the current tax structure.

scholarly journals Modeling the impact assessment of agricultural sector on economic development as a basis for the country’s investment potential

2019 ◽  
Vol 16 (3) ◽  
pp. 229-240
Author(s):  
Alina Bukhtiarova ◽  
Arsen Hayriyan ◽  
Victor Chentsov ◽  
Sergii Sokol
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Foreign Direct Investment ◽  
Direct Investment ◽  
Agricultural Sector ◽  
Negative Impact ◽  
Manufacturing Sector ◽  
Value Added ◽  
The Cost ◽  
The Impact

In the context of countries integration into the world economic space, agricultural sector is one of the priorities and strategically important sectors of the national economy. Development of instruments aimed to increase investment potential of this sector is therefore an important component of the country’s economy growth. The article proposes a science-based model of the impact of the agricultural sector on the economic development level of countries trying to move towards European integration.It was found that the employment rate (+58.4) has the largest influence on the rate of GDP change in the studied group of countries (Ukraine, Moldova, Georgia, Armenia). The impact of the gross value added of the manufacturing sector on its economic growth is positive (+44.6). The negative foreign direct investment ratio in the model (–40.3) may be due to the fact that the indicator in the studied countries is still largely influenced by the intervention of the state mechanism, significant uncertainty and risk, which is a deterrent to the overall economic development. An important result of the study was that foreign direct investment had a negative impact on economic growth in developing countries. Further development of the investment potential of a country’s agricultural sector provides for a radical acceleration of scientific and technological progress and, on this basis, a reduction in the cost of a unit of agricultural products and food and an increase in their competitiveness in the domestic and world markets.

scholarly journals STRATEGI PENGEMBANGAN PALA (Myristica fragan haitt) DI KECAMATAN TANJUNG RAYA KABUPATEN AGAM (Studi kasus : Kelompok Tani Sabik Tajam Nagari Tanjung Sani)

2015 ◽  
Vol 14 (1) ◽  
pp. 1-10
Author(s):  
Devi Analia
Keyword(s):  
Development Strategy ◽  
Swot Analysis ◽  
Technology Development ◽  
Value Added ◽  
International Market ◽  
Advanced Technology ◽  
Plant Pests ◽  
Depth Interview ◽  
Technology Improvement ◽  
The Government

The study aims to analyze development strategy of nutmeg (Myristic fragan haitt) in Tanjung Raya Sub-district, Agam District. The study applied decriptive method. The data were collected through in depth interview with three internal key infromants, in this case farmers, and external key informants including head of forestry and plantation department of Agam District, and one nutmeg farmer. SWOT analysis were applied to formulate development strategy of nutmeg at Sabik Tajam farmers group in Tanjung Raya Sub-district, Agam District. The development strategies include developing cooperation with government and private sector; technology improvement for value added of nutmeg farmers income through nutmeg agro-industry; promotion of nutmeg sector by the government, both in local and international market; participating in training held by relevant government authorities particularly those related to nutmeg processing and establishing house of HPT (plant pests and disease) to overcome the pests and disease; conducting training to the farmers covering the marketing aspect; cultivation and technology development; the involvement of UPTD (technical implementation unit at local) in cultivation and HPT of nutmeg; optimizing the resources and marketing, and develop cooperation with the farmers group that have more advanced technology.  Keywords : nutmeg, IFE matrix, EFE, SWOT, nutmeg development strategy

scholarly journals Socio-Economic Development and Infrastructure Cost Performance in China: Comparing Transport and Energy Sectors

2020 ◽  
Vol 49 (2) ◽  
pp. 185-206
Author(s):  
Wiebke Rabe ◽  
Genia Kostka ◽  
Sabrina Habich-Sobiegalla
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
National Development ◽  
Project Performance ◽  
Infrastructure Projects ◽  
Cost Performance ◽  
Infrastructure Provision ◽  
Socio Economic Development ◽  
The Government ◽  
Infrastructure Performance

Socio-economic development is often linked to efficient infrastructure provision. In China, the government has rolled out ambitious infrastructure projects as part of its national development strategy. There is much to praise about China’s infrastructure provision, such as its remarkable scale and speed of infrastructure delivery. However, based on studying 153 infrastructure cases between 1983 and 2018 and two in-depth case studies, we find that China’s infrastructure performance is not as positive as often assumed. We show that infrastructure projects continuously arrive significantly over budget. We argue that this cost performance depends – similar to Western countries – on inaccurately anticipating technical hindrances and geographical challenges. In addition, however, we identify another important and so far less discussed project performance determinant specifically relevant to the Chinese context: population resettlements and land acquisition.

scholarly journals A Strategy of Economic and Industrial Development of Russia in the Worldwide Instability Environment

2019 ◽  
Vol 12 (1) ◽  
pp. 76-85
Author(s):  
I. S. Tsypin ◽  
S. I. Tsypina
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Global Economy ◽  
Industrial Development ◽  
Large Scale ◽  
International Investment ◽  
The State ◽  
Economic Strategy ◽  
Balanced Development ◽  
The Government

The subject of the researchis the development of the Russian economy through enhancing its management efficiency.The relevanceof the problem is caused by the need to overcome the slow economic development before 2024–2030 as well as by fundamental changes in the global economy associated with the collapse of the globalization policy and the transition to the state protectionism, which requires changing the approach to the domestic economy management. Other important factors are a variety of economic development strategies available and the need to choose and justify an optimum strategy for the development of Russia.The purpose of the researchwas the development of a sound economic strategy and guidelines for its implementation with account for aggregate influencing factors. A comprehensive strategy for the development of the national economy is proposed based on the optimal combination of defense-industrial, resource, stabilization and innovation strategies while taking into account the specifics of Russia. To evaluate the condition and prospects of the Russian economic development, two groups of factors have been identified: external economic and internal economic. With account for their impact, the guidelines for the integrated economic strategy implementation are proposed. As a result of the research findings,it is concludedthat to achieve the goals set it is reasonable to ensure the balanced development of foreign economic relations based on joint large-scale international investment projects; increase the manufacturing and exports of hightech and deep processing products; ensure intensive growth of labor productivity and product quality based on industry modernization. The research was based on studying and analyzing information from domestic and foreign sources, Presidential decrees, resolutions and decisions of the State Duma and the Government, materials of the Russian Statistical Service (Rosstat) and relevant periodicals. In the course of the research, methods of analysis and synthesis, selection of the main link and classification were used. The results of the research can be helpful in the implementation of the economic development strategy and for management of structural transformations.

scholarly journals The main principles of forming the priorities of the socio-economic development strategy of the country

2021 ◽  
Vol 2021 (3) ◽  
pp. 60-83
Author(s):  
Yurii RADIONOV ◽  
Keyword(s):  
Economic Development ◽  
Development Strategy ◽  
Financial Resources ◽  
Economic Development Strategy ◽  
Relevance Criteria ◽  
Socio Economic Development ◽  
The Government ◽  
Operational Plan ◽  
Resource Limit ◽  
Positive Effect

The article substantiates the need for the formation and implementation of the socio-economic development strategy of the country as a basis for sustainable and dynamic development. International and domestic experience, formation and approval of the strategy are analyzed. Based on the study and analysis of the situation, the author proposed a mechanism for determining the priorities of the strategy, the application of criteria of relevance and feasibility as a basis for setting priorities. Relevance criteria are divided into critical, important and desirable, where a critical priority is the event that must be carried out at a certain time despite the necessary resources; an important priority is one that has a positive effect on efficiency, but is determined by the resource limit, and a desirable priority is one that can have a positive effect on efficiency, but resources and deadlines depend on their availability after the implementation of other measures. The implementation criterion is divided into political, technical and financial. Political implementation involves the support of the government and the parliament in the adoption of relevant laws, regulations and more. The technical implementation of the strategy is based on the appropriate infrastructure, potential, complexity, timing, as well as the sequence of implementation of certain activities. The financial criterion is based on financial needs, capital and other expenditures, the need to increase efficiency or mobilize additional financial resources. The need to prepare an operational plan, which should be holistic, clear, specific, flexible, clear, controlled, easy to manage and interrelated with the budget, is justified. The operational plan should encourage executors to act without confusion or misinterpretation of what should be done, how and when.

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