Problems of social and economic growth in the Kyrgyz Republic

• Main Authors: Guseva Valentina Ivanovna, Brovko Natal'ja Anatol'evna
• Format: Article
• Language: Russian
• Published: Международный центр научно-исследовательских проектов 2016-04-01
• Series: Sovremennye Tehnologii Upravleniâ
• Subjects: social problems; low incomes; deepening social differentiation; high levels of poverty; limiting growth factors; the vicious circle of instability; economic growth; Kyrgyz Republic.
• Online Access: http://sovman.ru/en/article/6405/

In the article author explores the indirect influence of non-economic factors on the growth dynamics of the volume of GDP, including shows the effect of social problems on economic growth. It is proved that the existence of social problems have a negative impact on the pace of the economic dynamics of the country, due to the mutual dependence of key economic and non-economic factors of growth. On the one hand, the level of income of the population affects the purchasing power, which leads to the increase of the acceleration in economic growth. On the other hand, high levels of poverty and a deepening income inequality dictate political and social instability in society, which negatively affects the dynamics of economic growth. It was revealed that the feature of economic growth in the transitional economy is the negative impact of inflation and unemployment rates of economic dynamics, despite the fact that in most Western models, they are not considered as limiting growth factors.