IDEAS home Printed from https://ideas.repec.org/p/eti/rdpsjp/17029.html
   My bibliography  Save this paper

Natural Resources Giant Kazakhstan: What kind of international economic regulation framework is applicable to its SOEs? (Japanese)

Author

Listed:
  • Alisher UMIRDINOV

Abstract

This paper investigates the applicable international economic regulation framework for the state owned enterprises (SOEs) of Kazakhstan, one of the powerhouse in the Central Asian region in respect to natural resources, territory, and scale of economy. After the collapse of the Soviet Union, notwithstanding to the fact that Kazakhstan chose the path of radical transition to a market economy and organized several rounds of a large scale privatization program, the presence of SOEs in the economy is still high, and more than half of its gross domestic product (GDP) reportedly is produced by SOEs. Moreover, the sovereign wealth fund keeps important assets under its management, and competition law does not function well on state subsidy issues. In 2015, on the other hand, the Russia-led Eurasian Economic Union entered into force, and Kazakhstan joined the World Trade Organization (WTO) and concluded a new Enhanced Partnership and Cooperation Agreement with the European Union (EU). The importance of such international economic treaties lies in that Kazakhstan made several significant accession commitments, including price regulation during the WTO accession and agreed to inclusion of a far-fetching SOE chapter in the Enhanced Partnership and Cooperation Agreement with EU. Although, with respect to Kazakhstani SOEs, these treaties have not yet generated enough practice, but it can be concluded that the above treaties highly disciplined the Kazakhstani SOEs, and that their enforcement and dispute settlement situation needs to be followed carefully.

Suggested Citation

  • Alisher UMIRDINOV, 2017. "Natural Resources Giant Kazakhstan: What kind of international economic regulation framework is applicable to its SOEs? (Japanese)," Discussion Papers (Japanese) 17029, Research Institute of Economy, Trade and Industry (RIETI).
  • Handle: RePEc:eti:rdpsjp:17029
    as

    Download full text from publisher

    File URL: https://www.rieti.go.jp/jp/publications/dp/17j029.pdf
    Download Restriction: no
    ---><---

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eti:rdpsjp:17029. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (TANIMOTO, Toko). General contact details of provider: http://edirc.repec.org/data/rietijp.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.