Economy

February 18, 2021

Anti-Corruption Reforms in Kazakhstan

“Corruption” is a socio-economic problem prevalent in today’s societies. It is accepted that corruption occurs with the state. Over-coming corruption requires a careful and systematic approach, since it is an important problem that threatens the democratic, moral and ethical structures of societies. Corruption, which is seen in all societies, is […]
February 4, 2021

Development of Agricultural Export in Uzbekistan

Nowadays, it is widely accepted that agriculture and food industry have a strategic importance for every country. The agricultural sector is of great importance because it provides millions of jobs and billions of dollars in income for many countries. In countries with agrarian economy, agriculture constitutes a significant part of […]
January 17, 2021

Horizons of Oil Era in Light of the COVID-19 Crisis

One of the largest economic shocks that have marked 2020 was the tremendous decline of oil prices that broke the minimums of 2016 and reached the levels of 2003 [Markets.businessinsider.com, 2020]. In 2020, the estimated oil demand dropped by unprecedented 9.7% compared to 2019 [OPEC, 2020]. Strict quarantine measures, as […]
January 17, 2021

An Overview of Agricultural Development of Russia

Agriculture remains one of the most important sectors in Russia’s economy and the country’s authorities perceive it as one of potential economic growth drivers. The sector experienced significant decline during the 1990s, but started to recover in the 2000s. During the last decade, the country’s agriculture demonstrated steady growth.  After […]
January 10, 2021

An Analysis of Economic Cooperation between Russia and Tajikistan

Economic cooperation with Russia remains important for Central Asia despite claims about its diminishing role in the region. Trade and in-vestment partnership with Russia significantly contribute to the region’s economic performance. A country-by-country analysis shows that Russia’s bilateral economic relations with Kazakhstan are historically strong. It plays an important role […]
December 14, 2020

Kazakhstan’s Trade Relations in the Eurasian Economic Union: Developments in the Automotive Sector

The sanctions imposed on Russia by the European Union (EU) and some western countries due to the annexation of Crimea, alongside with the decline in oil prices in the first years after the establishment of the Eurasian Economic Union (EEU) coincided with had a negative impact on the EEU.   […]
December 10, 2020

Creative Economy

Knowledge and creativity are the new “oil” of the 21st century, and this opinion is increasingly recognized. New industries have been born revolving around these concepts, building what is known today as the creative economy. The development of the definition of the creative economy is still an ongoing process. The […]
December 7, 2020

The Impact of the Covid-19 Pandemic on the Russian Economy

The COVID-19 pandemic with various restrictions implemented on a global level and additional measures taken at the national level have distorted the economic growth forecasts of almost all countries. According to the estimates of the International Monetary Fund, the total loss in the world economy for 2020-2021 will reach approximately […]
November 9, 2020

Urban Demographics in Kazakhstan and Economic Significance of Large Cities

Over the last several years Kazakhstan has been prioritizing the urbanization of the population and enlargement of the major urban centers of the country. The significance of cities with population over one million people was emphasized by the first President of Kazakhstan Nursultan Nazarbayev at the jubilee forum of the […]
November 5, 2020

Landlocked Developing Countries and Covid-19 Pandemic

In January 2020, Kazakhstan took the chairmanship in the UN Conference on Trade and Development (UNCTAD) group of landlocked developing countries (LLDCs) for 2020-2021 [KazTAG, 2020]. This group within the UNCTAD is designed to promote the interests of 32 developing landlocked states because being a landlocked country is considered to […]