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Selection Of The Optimal Way Of Development For The Oil Dependent Economy Of Kazakhstan

Author

Listed:
  • Nurlan Aitkaliuly Nurseiit

    (Kazakh-American University, Kazakhstan)

  • Ken Charman

    (Kazakh British Technical University, Kazakhstan)

Abstract

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.

Suggested Citation

  • Nurlan Aitkaliuly Nurseiit & Ken Charman, 2018. "Selection Of The Optimal Way Of Development For The Oil Dependent Economy Of Kazakhstan," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 6(1), pages 25-34.
    • Handle: RePEc:ejn:ejefjr:v:6:y:2018:i:1:p:25-34
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