Kazakhstan's Diversification from the Natural Resources Sector

This book explores opportunities for diversifying modern Kazakhstan's economy, which is still heavily dependent on its natural resources, as well as looking at economic opportunities for the whole Central Asian region arising from the Chinese government's Belt and Road Initiative (BRI). The book is comprised of four parts. Part 1 explores the first main theme of the book: development of the economy based on the resource sector with the example of Kazakhstan. Part 2 examines opportunities for diversification arising from BRI: a rise of transport and communication industries alongside the new Belt and Road economic route. Part 3 explores the view from China on the perspectives of regional development, not least the economic reasons for the launch of this programme, investments and planned effects. Part 4 discusses other internal sources for diversification of the economy in Kazakhstan based on development of local industry in the oil and gas sector, small- and medium-sized enterprises and tertiary sector of the economy.
This book will be of value for students, academics, policy-makers, and practitioners focused on economic development and business in the Central Asian region, as well as those who are working on the design of instruments for economic development in their own countries.

Presents historical information about Kazakhstan's economic development, as well as legislation and other factors affecting the business environment Explores the need for diversification in resource-rich economies with a main focus on infrastructure and communication projects Provides an overview of Kazakhstan's recent economics development, integrated with new trends in the world economy such as digitalization and China's trade and investment policy (BRI)

Autorentext

Irina Heim is a post-doctoral Fellow in Organisational Behaviour and Entrepreneurship at Henley Business School, University of Reading, UK. She also teaches a number of economics disciplines at the Department of Economics, University College London. She has published articles in international academic journals, as well as a range of contributions to academic books.****

Inhalt

PART I. ECONOMY BASED ON RESOURCE SECTOR.- Chapter 1. Institutional reform in Kazakhstan.- Chapter 2. Oil and gas industry development.- Chapter 3. The effects of oil revenues on Kazakhstan's economy.- PART II. KAZAKHSTAN: STRATEGIC OPPORTUNITIES.- Chapter 4. Infrastructure investment and development alongside the Belt and Road.- Chapter 5. Investments in the digital Silk Road.- PART III. KAZAKHSTAN AND CHINA: REGIONAL PERSPECTIVE.- Chapter 6. Chinese investments across the New Silk Road.- Chapter 7. Kazakhstan as a logistic linchpin in the Belt and Road Initiative.- PART IV. KAZAKHSTAN: ECONOMIC OPPORTUNITIES.- Chapter 8. Diversification and local industry development.- Chapter 9. Entrepreneurial ecosystems: effects of economic integration.- Chapter 10. Development of the e-tourism industry in Kazakhstan.

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