Current geopolitical situation in the Caspian region clearly demonstrates the necessity for searching a mutually acceptable solution regarding both establishment of the new legal status and determination of the regime of use of the Caspian Sea.
In the early nineties of the XX century the importance of Central Asian region seemed insignificant for Japan.
The failed coup of August 19-21, 1991, marked the demise of the Soviet Union and a birth of new national states. It’s a date of a great significance for those who celebrate the 25 years anniversary of independence, feeling relief and hope for future.
It is widely known that nowadays the littoral states of the Caspian region have moved far away from the legal-theoretical dilemma of whether the Caspian is a sea or a lake in a legal sense (Janusz-Pawletta, 2015).
The most recent reports on the external trade of the Committee of Statistics of the Ministry of the National Economy of Kazakhstan have shown a large decline. During the first half of 2016 the overall amount of trade with other countries has fallen by approximately one third.
Today it is widely believed that stock market is very important for sustained economic development. The idea of the relationship between stock market development and economic growth was first proposed by Gurley and Shaw (1955).
In 2015, remittance inflow to developing countries increased by 0.4% to $431.6 billion from $430 billion comparing with 2014. However, global remittances, including the ones from high-income countries fell by 1.7% to $581.6 billion in 2015 (WB, 2016).
Russia is an essentially important country for Central Asian migrant workers. Considering the fact that 60% of the remittance to the Central Asian countries is coming from Russia, there is a heavy reliance on the Russian economy by the region countries.
Due to the globalization, thriving consumer society, and rapid development of the financial intermediation, consumer lending, which includes unsecured loans lent to individuals, has become a fastgrowing area of the banking services over the past ten years in developing countrie
The International North-South Transport Corridor (INSTC) project was established in 2000 by Russia, India and Iran with a purpose of creating a corridor shorter than the current maritime Suez Canal transportation route in order to reduce the time and transportation costs of trade in goods.