Agro-Industry Cluster Development in Five Transition Economies
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This paper is to investigate the current development status of the agro-industry sector and agro-enterprise clusters in five selected transition economies including Kazakhstan, the Kyrgyz Republic, Mongolia, Tajikistan and Uzbekistan, and to provide policy guidelines for the effective attraction of investment in the sector. After the disintegration of the Soviet Union, the countries had been converted into small, segmented market economies with limited growth potentials. They are suffering from relatively high unemployment rates, while agriculture is the industry which provides the largest employment opportunities and takes a considerable share of GDP. However, the missing of market signals has resulted in the inefficiency in the agricultural marketing and processing industry. During the economic transition, the lack of investments and serious budget constraints has negatively affected the development of agriculture and agro-industry. Although each country has adopted diverse efforts to introduce foreign investments, unsatisfactory institutional settings, the prevalence of bureaucratic corruptions, and so forth have hindered the inflow of foreign capital. Cluster-based economic development is recommended to the countries in that it will increase agricultural productivity and bring rural development.
Abstract
This paper is to investigate the current development status of the agro-industry sector and agro-enterprise clusters in five selected transition economies including Kazakhstan, the Kyrgyz Republic, Mongolia, Tajikistan and Uzbekistan, and to provide policy guidelines for the effective attraction of investment in the sector. After the disintegration of the Soviet Union, the countries had been converted into small, segmented market economies with limited growth potentials. They are suffering from relatively high unemployment rates, while agriculture is the industry which provides the largest employment opportunities and takes a considerable share of GDP. However, the missing of market signals has resulted in the inefficiency in the agricultural marketing and processing industry. During the economic transition, the lack of investments and serious budget constraints has negatively affected the development of agriculture and agro-industry. Although each country has adopted diverse efforts to introduce foreign investments, unsatisfactory institutional settings, the prevalence of bureaucratic corruptions, and so forth have hindered the inflow of foreign capital. Cluster-based economic development is recommended to the countries in that it will increase agricultural productivity and bring rural development.
참고문헌 (16)
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