Beyond Oil : Kazakhstan's Path to Greater Prosperity through Diversifying, Volume 1. Overview
Kazakhstan aspires to become one of the world s 30 most developed economies by 2050. The focus is on laying the basis for the accelerated diversification of the economy through industrialization and infrastructure development, including enhancing h...
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| Format: | Country Economic Memorandum |
| Language: | English en_US |
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Washington, DC
2014
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| Online Access: | http://documents.worldbank.org/curated/en/2013/06/18715237/beyond-oil-kazakhstans-path-greater-prosperity-through-diversifying-vol-1-2-overview http://hdl.handle.net/10986/16719 |
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okr-10986-16719 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO BANKING ACCESS TO FINANCE ACCESS TO MARKETS ACCESSIBILITY AGRICULTURAL PRODUCTS AGRICULTURE ALLOCATIVE EFFICIENCY ASSET MANAGEMENT BANK LIQUIDITY BANK LOAN BANKING SECTOR BANKS BARRIERS TO ENTRY BENCHMARKING BENEFICIARY BONDED WAREHOUSE BROKERS BUSINESS CYCLE BUSINESS FAILURE BUSINESS OPPORTUNITIES CAPITAL ADEQUACY CAPITAL FLOWS CAPITAL STOCK COAL COMMODITY PRICES COMPANY LAW COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITION POLICY COMPETITIVE MARKET COMPETITIVENESS CONSUMERS CORPORATE GOVERNANCE CORRUPTION CREDIBILITY CREDIT AVAILABILITY CUSTOMER RELATIONS DEBT DEBT MANAGEMENT DEREGULATION DEVELOPED COUNTRIES DEVELOPMENT POLICY DISCRIMINATION DIVERSIFICATION DIVIDENDS EARLY CHILDHOOD ECONOMIC COMPETITIVENESS ECONOMIC CRISIS ECONOMIC DEMAND ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC LEGISLATION ECONOMIC POLICY ECONOMIC RESEARCH ECONOMIC STRUCTURE ECONOMIC TRANSACTIONS EDUCATION SYSTEM EDUCATION SYSTEMS ELASTICITY EMPLOYER EMPLOYERS EMPLOYMENT GROWTH EMPLOYMENT STATUS ENDOWMENTS ENFORCEABILITY ENFORCEABILITY OF CONTRACTS ENFORCEMENT OF CONTRACTS ENROLLMENT EXCESS DEMAND EXCESS SUPPLY EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORTERS EXPORTS FAMILIES FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SERVICES FISCAL DISCIPLINE FISCAL POLICY FISHING FOREIGN DIRECT INVESTMENT GDP GDP PER CAPITA GENDER GENDER DIFFERENCES GLOBAL MARKETS GOVERNMENT BUDGET GOVERNMENT POLICY GOVERNMENT REGULATIONS GOVERNMENT SPENDING GROWTH RATE HOLDINGS HOUSEHOLD WELFARE HOUSEHOLDS HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT HUMAN RESOURCE HUMAN RESOURCES INCOME INCOME GROUPS INDUSTRIALIZATION INEFFICIENCY INFORMATION SYSTEMS INFRASTRUCTURE DEVELOPMENT INTELLECTUAL PROPERTY INTERNATIONAL BANK INTERNATIONAL MARKETS INTERNATIONAL STANDARDS INTERNATIONAL TRADE INVENTORY INVESTING INVESTMENT INCOME JOB CREATION JOINT-STOCK COMPANY LABOR FORCE LABOR MARKET LABOR MARKETS LAND OWNERSHIP LAWS LEGAL FRAMEWORK LEVEL PLAYING FIELD LIABILITY LIQUIDITY LIVING STANDARDS LOAN PORTFOLIO LOAN PORTFOLIOS LOCAL GOVERNMENTS MACROECONOMIC ENVIRONMENT MACROECONOMIC MANAGEMENT MACROECONOMIC SHOCKS MACROECONOMIC VOLATILITY MACROECONOMICS MARKET DEVELOPMENT MARKET FAILURE MARKET FAILURES MARKET INFORMATION MARKET PARTICIPANTS MARKET SHARE MARKET SIZE MERITOCRACY METALS MICRO ENTERPRISES MICROFINANCE MINORITY SHAREHOLDERS MONETARY FUND MONETARY POLICY MONOPOLIES MULTILATERAL TRADE NATURAL CAPITAL NATURAL RESOURCES NET EXPORTS NEW BUSINESSES NEW MARKET NEW MARKETS NONBANK FINANCIAL INSTITUTIONS NONPERFORMING LOAN NONPERFORMING LOANS NPL OIL OIL PRICES OIL RESERVES OIL SECTOR PAYMENT SERVICES PAYMENT SYSTEM PER CAPITA INCOME PHYSICAL CAPITAL POLITICAL STABILITY POSITIVE EXTERNALITIES PRIVATE BANK PRIVATE INVESTMENT PRODUCERS PRODUCTIVITY PRODUCTIVITY GROWTH PROPERTY OWNERSHIP PROPERTY RIGHTS PUBLIC-PRIVATE PARTNERSHIP REAL EXCHANGE RATE RECESSIONS REGULATORY BARRIERS REGULATORY FRAMEWORK RESOURCE MANAGEMENT RETURNS RULE OF LAW SAVINGS SELF-REGULATION SHARE OF INVESTMENT SHORT-TERM CAPITAL STOCKS SUPPLY CHAIN SUPPLY CHAINS SUSTAINABLE DEVELOPMENT TAX TAX CODE TAX EXEMPTIONS TERMS OF TRADE TOTAL REVENUE TRADE BARRIERS TRADE COMPETITIVENESS TRADE FACILITATION TRADE POLICY TRADING TRANSACTION TRANSACTION COSTS TRANSPARENCY TRUSTS UNDERDEVELOPED FINANCIAL SECTOR UNEMPLOYMENT UNION VALUATION VALUE ADDED VULNERABLE GROUPS WAREHOUSES WEALTH WELFARE GAINS WORKING CAPITAL WORLD TRADE ORGANIZATION |
| spellingShingle |
ACCESS TO BANKING ACCESS TO FINANCE ACCESS TO MARKETS ACCESSIBILITY AGRICULTURAL PRODUCTS AGRICULTURE ALLOCATIVE EFFICIENCY ASSET MANAGEMENT BANK LIQUIDITY BANK LOAN BANKING SECTOR BANKS BARRIERS TO ENTRY BENCHMARKING BENEFICIARY BONDED WAREHOUSE BROKERS BUSINESS CYCLE BUSINESS FAILURE BUSINESS OPPORTUNITIES CAPITAL ADEQUACY CAPITAL FLOWS CAPITAL STOCK COAL COMMODITY PRICES COMPANY LAW COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITION POLICY COMPETITIVE MARKET COMPETITIVENESS CONSUMERS CORPORATE GOVERNANCE CORRUPTION CREDIBILITY CREDIT AVAILABILITY CUSTOMER RELATIONS DEBT DEBT MANAGEMENT DEREGULATION DEVELOPED COUNTRIES DEVELOPMENT POLICY DISCRIMINATION DIVERSIFICATION DIVIDENDS EARLY CHILDHOOD ECONOMIC COMPETITIVENESS ECONOMIC CRISIS ECONOMIC DEMAND ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC LEGISLATION ECONOMIC POLICY ECONOMIC RESEARCH ECONOMIC STRUCTURE ECONOMIC TRANSACTIONS EDUCATION SYSTEM EDUCATION SYSTEMS ELASTICITY EMPLOYER EMPLOYERS EMPLOYMENT GROWTH EMPLOYMENT STATUS ENDOWMENTS ENFORCEABILITY ENFORCEABILITY OF CONTRACTS ENFORCEMENT OF CONTRACTS ENROLLMENT EXCESS DEMAND EXCESS SUPPLY EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORTERS EXPORTS FAMILIES FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SERVICES FISCAL DISCIPLINE FISCAL POLICY FISHING FOREIGN DIRECT INVESTMENT GDP GDP PER CAPITA GENDER GENDER DIFFERENCES GLOBAL MARKETS GOVERNMENT BUDGET GOVERNMENT POLICY GOVERNMENT REGULATIONS GOVERNMENT SPENDING GROWTH RATE HOLDINGS HOUSEHOLD WELFARE HOUSEHOLDS HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT HUMAN RESOURCE HUMAN RESOURCES INCOME INCOME GROUPS INDUSTRIALIZATION INEFFICIENCY INFORMATION SYSTEMS INFRASTRUCTURE DEVELOPMENT INTELLECTUAL PROPERTY INTERNATIONAL BANK INTERNATIONAL MARKETS INTERNATIONAL STANDARDS INTERNATIONAL TRADE INVENTORY INVESTING INVESTMENT INCOME JOB CREATION JOINT-STOCK COMPANY LABOR FORCE LABOR MARKET LABOR MARKETS LAND OWNERSHIP LAWS LEGAL FRAMEWORK LEVEL PLAYING FIELD LIABILITY LIQUIDITY LIVING STANDARDS LOAN PORTFOLIO LOAN PORTFOLIOS LOCAL GOVERNMENTS MACROECONOMIC ENVIRONMENT MACROECONOMIC MANAGEMENT MACROECONOMIC SHOCKS MACROECONOMIC VOLATILITY MACROECONOMICS MARKET DEVELOPMENT MARKET FAILURE MARKET FAILURES MARKET INFORMATION MARKET PARTICIPANTS MARKET SHARE MARKET SIZE MERITOCRACY METALS MICRO ENTERPRISES MICROFINANCE MINORITY SHAREHOLDERS MONETARY FUND MONETARY POLICY MONOPOLIES MULTILATERAL TRADE NATURAL CAPITAL NATURAL RESOURCES NET EXPORTS NEW BUSINESSES NEW MARKET NEW MARKETS NONBANK FINANCIAL INSTITUTIONS NONPERFORMING LOAN NONPERFORMING LOANS NPL OIL OIL PRICES OIL RESERVES OIL SECTOR PAYMENT SERVICES PAYMENT SYSTEM PER CAPITA INCOME PHYSICAL CAPITAL POLITICAL STABILITY POSITIVE EXTERNALITIES PRIVATE BANK PRIVATE INVESTMENT PRODUCERS PRODUCTIVITY PRODUCTIVITY GROWTH PROPERTY OWNERSHIP PROPERTY RIGHTS PUBLIC-PRIVATE PARTNERSHIP REAL EXCHANGE RATE RECESSIONS REGULATORY BARRIERS REGULATORY FRAMEWORK RESOURCE MANAGEMENT RETURNS RULE OF LAW SAVINGS SELF-REGULATION SHARE OF INVESTMENT SHORT-TERM CAPITAL STOCKS SUPPLY CHAIN SUPPLY CHAINS SUSTAINABLE DEVELOPMENT TAX TAX CODE TAX EXEMPTIONS TERMS OF TRADE TOTAL REVENUE TRADE BARRIERS TRADE COMPETITIVENESS TRADE FACILITATION TRADE POLICY TRADING TRANSACTION TRANSACTION COSTS TRANSPARENCY TRUSTS UNDERDEVELOPED FINANCIAL SECTOR UNEMPLOYMENT UNION VALUATION VALUE ADDED VULNERABLE GROUPS WAREHOUSES WEALTH WELFARE GAINS WORKING CAPITAL WORLD TRADE ORGANIZATION World Bank Beyond Oil : Kazakhstan's Path to Greater Prosperity through Diversifying, Volume 1. Overview |
| geographic_facet |
Europe and Central Asia Kazakhstan |
| description |
Kazakhstan aspires to become one of the
world s 30 most developed economies by 2050. The focus is on
laying the basis for the accelerated diversification of the
economy through industrialization and infrastructure
development, including enhancing human capital to drive
innovation and economic efficiency. This country economic
memorandum report adopts an analytical framework that looks
into options that will be explored to help authorities think
about diversification across three sectors: diversification
of products and services; diversification of economic
partners; and diversification of endowments. Five chapters
structure this report, outlining the weaknesses and
strengths of the Kazakh economy that will need to be
addressed for increased prosperity. Chapter 1 discusses
Kazakhstan s natural resources and how important it is to
focus on the policies that matter for development and
diversification. Chapter 2 focuses on export concentration
and assesses whether resource dependence leads to
macroeconomic volatility, whether Kazakhstan has been able
to avoid volatility, and what macro-policy solutions are
available to Kazakhstan. Chapter 3 looks at the structure of
employment in the country and assesses whether Kazakh
workers have the skills demanded by the market. Chapter 4
analyzes the regulatory environment and how well market
institutions have developed to strengthen the quality of
institutions. Chapter 5 uses the product space analysis to
assess where Kazakhstan s comparative advantages are. It
then discusses whether the country has faced excessive trade
barriers, whether there is a role for industrial policy, and
what will be done in the short term to help diversification. |
| format |
Economic & Sector Work :: Country Economic Memorandum |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Beyond Oil : Kazakhstan's Path to Greater Prosperity through Diversifying, Volume 1. Overview |
| title_short |
Beyond Oil : Kazakhstan's Path to Greater Prosperity through Diversifying, Volume 1. Overview |
| title_full |
Beyond Oil : Kazakhstan's Path to Greater Prosperity through Diversifying, Volume 1. Overview |
| title_fullStr |
Beyond Oil : Kazakhstan's Path to Greater Prosperity through Diversifying, Volume 1. Overview |
| title_full_unstemmed |
Beyond Oil : Kazakhstan's Path to Greater Prosperity through Diversifying, Volume 1. Overview |
| title_sort |
beyond oil : kazakhstan's path to greater prosperity through diversifying, volume 1. overview |
| publisher |
Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2013/06/18715237/beyond-oil-kazakhstans-path-greater-prosperity-through-diversifying-vol-1-2-overview http://hdl.handle.net/10986/16719 |
| _version_ |
1764434516849459200 |
| spelling |
okr-10986-167192021-04-23T14:03:32Z Beyond Oil : Kazakhstan's Path to Greater Prosperity through Diversifying, Volume 1. Overview World Bank ACCESS TO BANKING ACCESS TO FINANCE ACCESS TO MARKETS ACCESSIBILITY AGRICULTURAL PRODUCTS AGRICULTURE ALLOCATIVE EFFICIENCY ASSET MANAGEMENT BANK LIQUIDITY BANK LOAN BANKING SECTOR BANKS BARRIERS TO ENTRY BENCHMARKING BENEFICIARY BONDED WAREHOUSE BROKERS BUSINESS CYCLE BUSINESS FAILURE BUSINESS OPPORTUNITIES CAPITAL ADEQUACY CAPITAL FLOWS CAPITAL STOCK COAL COMMODITY PRICES COMPANY LAW COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITION POLICY COMPETITIVE MARKET COMPETITIVENESS CONSUMERS CORPORATE GOVERNANCE CORRUPTION CREDIBILITY CREDIT AVAILABILITY CUSTOMER RELATIONS DEBT DEBT MANAGEMENT DEREGULATION DEVELOPED COUNTRIES DEVELOPMENT POLICY DISCRIMINATION DIVERSIFICATION DIVIDENDS EARLY CHILDHOOD ECONOMIC COMPETITIVENESS ECONOMIC CRISIS ECONOMIC DEMAND ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC LEGISLATION ECONOMIC POLICY ECONOMIC RESEARCH ECONOMIC STRUCTURE ECONOMIC TRANSACTIONS EDUCATION SYSTEM EDUCATION SYSTEMS ELASTICITY EMPLOYER EMPLOYERS EMPLOYMENT GROWTH EMPLOYMENT STATUS ENDOWMENTS ENFORCEABILITY ENFORCEABILITY OF CONTRACTS ENFORCEMENT OF CONTRACTS ENROLLMENT EXCESS DEMAND EXCESS SUPPLY EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORTERS EXPORTS FAMILIES FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SERVICES FISCAL DISCIPLINE FISCAL POLICY FISHING FOREIGN DIRECT INVESTMENT GDP GDP PER CAPITA GENDER GENDER DIFFERENCES GLOBAL MARKETS GOVERNMENT BUDGET GOVERNMENT POLICY GOVERNMENT REGULATIONS GOVERNMENT SPENDING GROWTH RATE HOLDINGS HOUSEHOLD WELFARE HOUSEHOLDS HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT HUMAN RESOURCE HUMAN RESOURCES INCOME INCOME GROUPS INDUSTRIALIZATION INEFFICIENCY INFORMATION SYSTEMS INFRASTRUCTURE DEVELOPMENT INTELLECTUAL PROPERTY INTERNATIONAL BANK INTERNATIONAL MARKETS INTERNATIONAL STANDARDS INTERNATIONAL TRADE INVENTORY INVESTING INVESTMENT INCOME JOB CREATION JOINT-STOCK COMPANY LABOR FORCE LABOR MARKET LABOR MARKETS LAND OWNERSHIP LAWS LEGAL FRAMEWORK LEVEL PLAYING FIELD LIABILITY LIQUIDITY LIVING STANDARDS LOAN PORTFOLIO LOAN PORTFOLIOS LOCAL GOVERNMENTS MACROECONOMIC ENVIRONMENT MACROECONOMIC MANAGEMENT MACROECONOMIC SHOCKS MACROECONOMIC VOLATILITY MACROECONOMICS MARKET DEVELOPMENT MARKET FAILURE MARKET FAILURES MARKET INFORMATION MARKET PARTICIPANTS MARKET SHARE MARKET SIZE MERITOCRACY METALS MICRO ENTERPRISES MICROFINANCE MINORITY SHAREHOLDERS MONETARY FUND MONETARY POLICY MONOPOLIES MULTILATERAL TRADE NATURAL CAPITAL NATURAL RESOURCES NET EXPORTS NEW BUSINESSES NEW MARKET NEW MARKETS NONBANK FINANCIAL INSTITUTIONS NONPERFORMING LOAN NONPERFORMING LOANS NPL OIL OIL PRICES OIL RESERVES OIL SECTOR PAYMENT SERVICES PAYMENT SYSTEM PER CAPITA INCOME PHYSICAL CAPITAL POLITICAL STABILITY POSITIVE EXTERNALITIES PRIVATE BANK PRIVATE INVESTMENT PRODUCERS PRODUCTIVITY PRODUCTIVITY GROWTH PROPERTY OWNERSHIP PROPERTY RIGHTS PUBLIC-PRIVATE PARTNERSHIP REAL EXCHANGE RATE RECESSIONS REGULATORY BARRIERS REGULATORY FRAMEWORK RESOURCE MANAGEMENT RETURNS RULE OF LAW SAVINGS SELF-REGULATION SHARE OF INVESTMENT SHORT-TERM CAPITAL STOCKS SUPPLY CHAIN SUPPLY CHAINS SUSTAINABLE DEVELOPMENT TAX TAX CODE TAX EXEMPTIONS TERMS OF TRADE TOTAL REVENUE TRADE BARRIERS TRADE COMPETITIVENESS TRADE FACILITATION TRADE POLICY TRADING TRANSACTION TRANSACTION COSTS TRANSPARENCY TRUSTS UNDERDEVELOPED FINANCIAL SECTOR UNEMPLOYMENT UNION VALUATION VALUE ADDED VULNERABLE GROUPS WAREHOUSES WEALTH WELFARE GAINS WORKING CAPITAL WORLD TRADE ORGANIZATION Kazakhstan aspires to become one of the world s 30 most developed economies by 2050. The focus is on laying the basis for the accelerated diversification of the economy through industrialization and infrastructure development, including enhancing human capital to drive innovation and economic efficiency. This country economic memorandum report adopts an analytical framework that looks into options that will be explored to help authorities think about diversification across three sectors: diversification of products and services; diversification of economic partners; and diversification of endowments. Five chapters structure this report, outlining the weaknesses and strengths of the Kazakh economy that will need to be addressed for increased prosperity. Chapter 1 discusses Kazakhstan s natural resources and how important it is to focus on the policies that matter for development and diversification. Chapter 2 focuses on export concentration and assesses whether resource dependence leads to macroeconomic volatility, whether Kazakhstan has been able to avoid volatility, and what macro-policy solutions are available to Kazakhstan. Chapter 3 looks at the structure of employment in the country and assesses whether Kazakh workers have the skills demanded by the market. Chapter 4 analyzes the regulatory environment and how well market institutions have developed to strengthen the quality of institutions. Chapter 5 uses the product space analysis to assess where Kazakhstan s comparative advantages are. It then discusses whether the country has faced excessive trade barriers, whether there is a role for industrial policy, and what will be done in the short term to help diversification. 2014-01-30T16:30:16Z 2014-01-30T16:30:16Z 2013-06 http://documents.worldbank.org/curated/en/2013/06/18715237/beyond-oil-kazakhstans-path-greater-prosperity-through-diversifying-vol-1-2-overview http://hdl.handle.net/10986/16719 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Country Economic Memorandum Economic & Sector Work Europe and Central Asia Kazakhstan |