Economy of Kazakhstan

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The economy of Kazakhstan is the largest economy in Central Asia. It possesses enormous fossil fuel reserves as well as minerals and metals. It also has considerable agricultural potential with its vast steppe lands accommodating both livestock and grain production, as well as developed space infrastructure, which took over all launches to the International Space Station from the Space Shuttle. The mountains in the south are important for apples and walnuts; both species grow wild there. Kazakhstan's industrial sector rests on the extraction and processing of these natural resources and also on a relatively large machine building sector specializing in construction equipment, tractors, agricultural machinery, and some military items. The breakup of the USSR and the collapse of demand for Kazakhstan's traditional heavy industry products have resulted in a sharp contraction of the economy since 1991, with the steepest annual decline occurring in 1994. In 1995-97 the pace of the government program of economic reform and privatization quickened, resulting in a substantial shifting of assets into the private sector.

Weitere Informationen

  • Allgemeine Informationen
    • GTIN 09786130749705
    • Editor Frederic P. Miller, Agnes F. Vandome, John McBrewster
    • EAN 9786130749705
    • Format Fachbuch
    • Titel Economy of Kazakhstan
    • Herausgeber Alphascript Publishing
    • Anzahl Seiten 120
    • Genre Wirtschaft

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