Architecture, Building and Planning - Theses

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End date: 2022 × Subject: 21st century × Subject: Economic conditions ×

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    Regional change in Kyrgystan : bazaars, open-air markets and social networks
    Nasritdinov, Emil ( 2006)
    Recent interest in economic analysis of regional change has revealed and emphasized the uniqueness of regional economies and the significance of regional relational assets expressed in social capital and social infrastructure. This research aims to analyse the role of regional relational assets in economic development of parts of Kyrgyzstan as expressed in the development of markets in that country. It does so in two stages. First, through the analysis of three open air markets/bazaars in two culturally different regions: Northern and Southern Kyrgyzstan. By analysing and comparing the economic performances of three markets (as a dependent variable) and relational assets and social networks shaping the activities on the market (as an independent variable) this research reveals how cultural and relational differences of two regions are reflected in the economic performances of these markets. Secondly, the research compares the economic performance and relational characteristics of three distinct ethnic groups of merchants: Kyrgyz, Russian and Uzbek. The research establishes a link between the complexity of trading operations on these markets on one side and the nature of relational assets of traders on the other. It also reveals a deeper connection between the inherent but evolving cultural qualities of three ethnic groups and their role in the market activity. Findings of this study show that markets in Kyrgyzstan arid this informal trade emerging from the ground up play a very important role in the economic development of Central Asia. Markets are proven to be very territorial institutions reflecting both geographic and cultural uniqueness of their location. The key cultural factor distinguishing the relational assets of three ethnic groups is the role of family networks. By analysing the importance of family in the life Kyrgyz, Russian and Uzbek merchants the research starts constructing the notion of truly Central Asian perspective on sustainable economic development and gives recommendations to the economic policy formulation.