Seyil NAJİMUDİNOVA

Chapter of Books | 2009 | Entrepreneurship and its Economic Significance, Behavior and Effects ( Chapter 2 )

There is little knowledge available about entrepreneurship in transition economies of Central Asia in comparison to the advanced economies where significantly more research information is available about entrepreneurs and entrepreneurial process. Despite the lack of information about entrepreneurs and entrepreneurship process in transition economies, especially about former Soviet Republic countries, it is recognized that the effective practice of entrepreneurship is highly correlated with a successful transition from a planned economy to a market based economy. On the other hand, although there might be cultural similarities betwee . . .n Turkish and Kyrgyz entrepreneurs due to historic Turkic ties between the two countries, significant differences exists between the two countries in terms of economic approach and policies adopted. Turkey has adopted market based economic policies right after WWII and has experienced much longer period of rapid economic growth compare to Kyrgyzstan. As a result, Turkey offers a more positive and mature environment for new enterprise development More less