SELECTION OF THE OPTIMAL WAY OF DEVELOPMENT FOR THE OIL DEPENDENT ECONOMY OF KAZAKHSTAN

The report describes the current problems in the country's economy, characteristic of Kazakhstan's economy. This is shown by the high dependence of the country's economy on natural resources and changes in prices for them. In the past, rapid development of natural resources, in partic...

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Veröffentlicht in:Eurasian journal of economics and finance 2018, Vol.6 (1), p.25-34
Hauptverfasser: Nurseiit, Nurlan Aitkaliuly, Charman, Ken
Format: Artikel
Sprache:eng
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Zusammenfassung:The report describes the current problems in the country's economy, characteristic of Kazakhstan's economy. This is shown by the high dependence of the country's economy on natural resources and changes in prices for them. In the past, rapid development of natural resources, in particular hydrocarbons, allowed the country to maintain high growth rates. However, because of the expected low oil prices in the foreseeable future and the transition of hydrocarbon production to the stage of the plateau, this driver of growth has dried up. The article also discusses possible ways of finding new drivers of growth.
ISSN:2148-0192
2148-0192
DOI:10.15604/ejef.2018.06.01.003