1. Then And Now In Transition Countries
... -226) To overcome the crisis the government lowered tax rates and made changes in investment legislation. According to Russian economist Bulatov, "if there were no crisis in Russia, Kyrgyz economy now would look much better." (Bulatov, p.679). During late 1991 and 1992 Kyrgyz Republic took its initial steps to transform planned economy into market economy. Changes in legislation have been carried ... up every sector of the economy to private ownership and enterprise. Thus obstacles to private business have been eliminated. Excluding natural monopolies and largest companies the majority o...
- Word Count: 1569
- Approx Pages: 6
- Has Bibliography
- Grade Level: Undergraduate