Recent interest in human and social aspects in economic analysis of
regional change has emphasized the significance of regional
relational assets: expressed in social capital. This book aims to
analyze the role of regional relational assets in economic
development 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. By analysing the economic performances of three
markets and relational assets shaping their activities 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 qualities of three distinct ethnic groups of
merchants: Kyrgyz, Russian and Uzbek. The research builds a link
between the complexity of trading operations on these markets and
the nature of relational assets of traders. It also reveals a
deeper connection between the inherent but evolving cultural
qualities of three ethnic groups and their role in the market
activity.
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