Economy

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 […]
November 5, 2020

Challenges for Central Asian Economies

Central Asian economies highly depend on revenues from mineral resources and migrant remittances. This fact is a major disadvantage, which regional governments try to address. However, many programs of industrialization insignificantly contributed to economic diversification. As a result, following the oil shock that coincided with the Ukrainian crisis, the region […]
November 5, 2020

Natural Disasters in China and Shift in the Global Grain Market

The year 2020 has been a tough year for China. In addition to the COVID-19 virus that first emerged in Wuhan, Hubei province, causing a global pandemic, China was hit by the most devastating flood since 1998 that affected many major cities and provinces in the Yangtze River valley and […]
November 5, 2020

The Wolf Economy of Mongolia

Over the past 28 years, Mongolia traveled a long and complicated journey upon the path of transformation from a state-planned economy to a market economy. At the present moment, being the most up-and-coming market for both East Asian and Western Pacific regions, Mongolia has been developing dynamically and consistently. In […]
October 25, 2020

The Phenomenon of Gig Economy

With the advent of the mobile computing technology, the way how people live and work has drastically changed over the past decades. The communication between people has increased due to the Internet and social networking, opening new opportunities for people to earn and spend money. At the present moment, individuals […]
October 25, 2020

Outcomes and Achievements of Open Economic Policy of Uzbekistan

After decades of isolationism and resistance to openness, Uzbekistan revised its economic policy under new president Shavkat Mirziyoyev since 2017. The new government implemented comprehensive reforms, in particular unified the exchange rate and liberalized the foreign exchange market, began price and trade liberalization, and made significant cuts to tax rates […]
October 25, 2020

The Causes of Child Labor in Bangladesh

Participation of children in activities such as helping their parents at home, assisting them at work, and earning pocket money during school holidays is considered to have a positive contribution to the acquisition of children’s skills and experience and to help them to be productive in society in adulthood. However, […]
October 25, 2020

United Nations Convention on Contracts for the International Sale of Goods: A Tool for Development in Trade and Sales for Kazakhstan and Its Comparison with the Civil Law

United Nations Convention on Contracts for the International Sale of Goods shortly known as (CISG) developed by the United Nations Commission on International Trade Law (UNCITRAL) and signed in Vienna in 1980 which came into force after the ratification of 11 countries in 1988 (UNCITRAL.org, 2019). Currently, 93 countries are […]
October 25, 2020

Global Trade in Agricultural Products

Agriculture remains one of the strategically important sectors of the world economy. It provides food security and many raw materials for other related industries and manufacturing. In middle and low-income countries employment in agriculture remains high, while in advanced economies it is insignificant. However, differences in productivity between these two […]