Use of Financial Mechanisms in Cluster Structures

Abstract

The successful development of the economy of the Kyrgyz Republic depends on effective mechanisms for the implementation of macroeconomic policy which should be aimed at achieving country competitiveness, the competitiveness of the national economy and the creation of competitive advantages of domestic enterprises and national products.

As a result the competitiveness of the national economy is impossible without the use of innovative mechanisms that accelerate the reform and improvement of internal market elements, in particular clusters. The use of financial mechanisms in cluster development is very interesting. But until now these issues have not received a sufficiently broad consecration and research.

In this regard, the main purpose of the study is to investigate the use of financial mechanisms in cluster structures in order to improve the management mechanisms of cluster development. The reasons are established and the economic and statistical, systemic and comparative analysis and generalization of problems in the country competitiveness, the competitiveness of the national economy are carried out. The article considers the use of insurance and other financial organizations in industrial clusters as mechanisms that provide risk management and sources of investment resources.