Economic Development of Republic of Kazakhstan

Sabyrzhan Sultanov

Bachelor's thesis

Abstract:

On the current day, we can recognize that in the world society Kazakhstan stands as the state with a market economy. Apart of this, Kazakhstan is one of the first CIS country, which has attained the investment rating. In addition, the World Bank has included Kazakhstan in the list of top-20 of the most attractive countries for investing. Within 29 years of independence, the economics of the state raised over 21 billion of US dollars from the foreign investors. According to the model, which was adopted in the strategic plan, Kazakhstan is being formed as a state with opened economy. The economics of Kazakhstan is directed on the exporting of goods, services, capital and labor, based on the competitiveness and mutually beneficial cooperation with all countries of the globe. We can state that the economy of Kazakhstan has laid a good start towards the adopted strategic plan’s implementation. In the middle-term perspective, it is necessary to continue the accelerated development and along with that, the quality changes in economic and social spheres are needed. One of the fundamental changes that characterize the restructuring of Kazakhstani economy are the intensive financial sector formation, active development of the financial markets and creation of the relevant institutions. Investments remain the most acute problem among the key conditions that define the course of reforms. The global nature of the investment problem in Kazakhstan is the need to create an analysis and forecasting tool for the situation in this area.Today, the Kazakhstani market is attractive enough for the foreign investments. In its turn, the foreign investors look primarily about the investment climate that has developed in the Republic of Kazakhstan. It is determined by the independent experts and serves to indicate the efficiency of the investments in a particular country. Hence, for the current moment, the topic of researching is relevant and important.

Keywords

state, socio-economic indicators, inflation, gross domestic product, development

Language used: English

Date on which the thesis was submitted / produced: 23. 3. 2020

Thesis defence

• Supervisor: prof. Ing. Mansoor Maitah, Ph.D. Ph.D.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Bachelor programme / field:
Economics Policy and Administration / Business Administration