Authors: Yelena N. Zabortseva
Addresses: Agency on Financial Regulation and Supervision of Financial Markets, 67, Aiteki Bi street, Almaty, 050000, Kazakhstan
Abstract: This paper investigates the strategic role of Kazakhstan|s development institutions in programmes for economic diversification, based on the state target of strengthening national competitiveness. The author analyses the primary challenge for the state from the long-term perspective: mechanisms for increasing the country|s competitiveness and expanding the benefits of growth, while avoiding the economic and social risks typically associated with oil wealth. Kazakhstan|s institutional approaches towards sustainable market development are examined in the paper, presenting one of the unique contemporary economic policies in achieving the national competitiveness.
Keywords: FDI; foreign direct investment; development institutions; international organisations; market efficiency; diversification; national competitiveness; economic growth; Kazakhstan; economic policy; emerging economies.
International Journal of Economic Policy in Emerging Economies, 2009 Vol.2 No.1, pp.23 - 40
Published online: 04 Feb 2009 *Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article