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    Kazakhstan, 2017–2021—Promoting Economic Diversification, Inclusive Development, and Sustainable Growth

    Asian Development Bank | August 2017
    Abstract
    Kazakhstan surged to upper middle-income status in 2006 and has since become a major economic power in Central Asia. However, the decline in hydrocarbon prices in 2014 revealed economic vulnerabilities stemming from the country’s high dependence on commodity export revenues, as well as institutional and governance constraints. Kazakhstan faces three main challenges to achieving diversified, inclusive, and sustainable growth.1 First, economic diversification efforts are hampered by shortcomings in the finance sector and a weak enabling environment for developing the private sector. Second, spatial and social inequalities are exacerbated by limited access to infrastructure and quality services outside the main cities and the need to improve the management and efficiency of public service delivery. Third, the growth model remains unfriendly to the environment and the economy is vulnerable to the impacts of climate change.
    Citation
    Asian Development Bank. 2017. Kazakhstan, 2017–2021—Promoting Economic Diversification, Inclusive Development, and Sustainable Growth. © Asian Development Bank. http://hdl.handle.net/11540/8842.
    Keywords
    Development Economics
    Regional Economic Development
    Economic Impact
    Asian Development Bank
    Development
    Macroeconomic
    Macroeconomic Analysis
    Macroeconomic Framework
    Macroeconomic Models
    Macroeconomic Performance
    Macroeconomic Planning
    Macroeconomic Policies
    Macroeconomic Reform
    Macroeconomic Stabilization
    Economies in transition
    Economic agreements
    Development indicators
    ADB
    Economic development
    Gross domestic product
    Employment
    Economic forecast
    Economic indicators
    Growth models
    Gross domestic product
    Macroeconomics
    Economic forecast
    Social condition
    Economic dependence
    Economic assistance
    Comparative economics
    Regional economics
    Economic development projects
    Open price system
    Price fixing
    Price regulation
    Consumer price indexes
    Financial crisis
    Labor economics
    Regional economics
    Turnover
    Economic survey
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    Citable URI
    http://hdl.handle.net/11540/8842
    Metadata
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    cps-kaz-2017-2021.pdf (625.5Kb)
    Author
    Asian Development Bank
    Theme
    Economics
    Development
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise