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New Approaches to the Construction of a Diversified Economy: the Experience of Kazakhstan

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  • G. M. Aubakirova

    (Karaganda Technical University)

  • F. M. Isatayeva

    (Karaganda Technical University)

Abstract

— The article discusses approaches to the formation of a new model of economic growth in Kazakhstan – an export-oriented economy with high added value. It is shown that the slowdown in transformation processes in industry is largely due to the inertia of structural export changes. The key factors that hinder the advancement of industrial enterprises to world markets are identified. The medium-term prospects for economic diversification are analyzed with an emphasis on the growth of its self-sufficiency and competitiveness of the nonresource sector. New measures of state regulation industrial and innovative activities of manufacturing enterprises in 2021–2025 are discussed, taking into account OECD standards and best overseas experience. The research results can be useful to countries with economies in transition.

Suggested Citation

  • G. M. Aubakirova & F. M. Isatayeva, 2021. "New Approaches to the Construction of a Diversified Economy: the Experience of Kazakhstan," Studies on Russian Economic Development, Springer, vol. 32(6), pages 712-718, November.
    • Handle: RePEc:spr:sorede:v:32:y:2021:i:6:d:10.1134_s1075700721060034
    DOI: 10.1134/S1075700721060034
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    References listed on IDEAS

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    Cited by:

    1. Farida M. Issatayeva & Gulnara M. Aubakirova & Aliya D. Maussymbayeva & Lyussiya I. Togaibayeva & Valery V. Biryukov & Elena Vechkinzova, 2023. "Fuel and Energy Complex of Kazakhstan: Geological and Economic Assessment of Enterprises in the Context of Digital Transformation," Energies, MDPI, vol. 16(16), pages 1-23, August.

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