Beyond Oil : Kazakhstan's Path to Greater Prosperity through Diversifying, Volume 2. Main Report
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...
| Main Author: | |
|---|---|
| Format: | Country Economic Memorandum |
| Language: | English en_US |
| Published: |
Washington, DC
2014
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2013/06/18715185/beyond-oil-kazakhstans-path-greater-prosperity-through-diversifying-vol-2-2-main-report http://hdl.handle.net/10986/16720 |
| id |
okr-10986-16720 |
|---|---|
| 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 MARKETS AGRICULTURE ALLOCATIVE EFFICIENCY ASSET MANAGEMENT BANK LIQUIDITY BANK LOAN BANKING SECTOR BARRIERS TO ENTRY BENCHMARKING BENEFICIARY BONDED WAREHOUSE BROKERS BUDGET BUSINESS CYCLE BUSINESS FAILURE CAPITAL ADEQUACY CAPITAL FLOWS CAPITAL STOCK COAL COMMODITY PRICES COMPANY LAW COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITION POLICY COMPETITIVE MARKET COMPETITIVENESS CONSUMERS CONSUMPTION CORPORATE GOVERNANCE CORRUPTION CREDIBILITY CREDIT CREDIT AVAILABILITY CRITERIA DEBT DEBT MANAGEMENT DEFICIT DEMAND DEREGULATION DEVELOPED COUNTRIES DEVELOPMENT POLICY DISCOUNT DIVERSIFICATION DIVIDENDS ECONOMIC COMPETITIVENESS ECONOMIC DEMAND ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC LEGISLATION ECONOMIC POLICY ECONOMIC RESEARCH ECONOMIC STRUCTURE ECONOMIC TRANSACTIONS ECONOMY EDUCATION SYSTEM ELASTICITY EMPLOYER EMPLOYMENT GROWTH ENDOWMENT ENDOWMENTS ENFORCEABILITY ENFORCEABILITY OF CONTRACTS ENFORCEMENT OF CONTRACTS ENVIRONMENT EQUITY EXCESS DEMAND EXCESS SUPPLY EXCHANGE EXPECTATIONS EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORTERS EXPORTS FAILURES FAMILIES FINANCE FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCING FISCAL DISCIPLINE FISCAL POLICY FISHING FOREIGN DIRECT INVESTMENT FUTURE GDP GDP PER CAPITA GLOBAL MARKETS GOOD GOODS GOVERNMENT BUDGET GOVERNMENT POLICY GOVERNMENT REGULATIONS GOVERNMENT SPENDING GROWTH RATE GUARANTEES HOLDINGS HOUSEHOLDS HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT HUMAN RESOURCE HUMAN RESOURCES INCENTIVES INCOME INCOME GROUPS INDUSTRIALIZATION INEFFICIENCY INFLUENCE INFORMATION SYSTEMS INFRASTRUCTURE DEVELOPMENT INPUTS INSTRUMENTS INTELLECTUAL PROPERTY INTERESTS INTERNATIONAL BANK INTERNATIONAL MARKETS INTERNATIONAL STANDARDS INTERNATIONAL TRADE INVENTORY INVESTING INVESTMENT INCOME INVESTMENTS INVESTORS JOINT-STOCK COMPANY LABOR FORCE LABOR MARKET LABOR MARKETS LAND LAND OWNERSHIP LEGAL FRAMEWORK LENDING LEVEL PLAYING FIELD LIABILITY LIQUIDITY LIVING STANDARDS LOAN PORTFOLIO LOAN PORTFOLIOS LOCAL GOVERNMENTS MACROECONOMIC ENVIRONMENT MACROECONOMIC MANAGEMENT MACROECONOMIC SHOCKS MACROECONOMIC VOLATILITY MACROECONOMICS MARKET MARKET DEVELOPMENT MARKET FAILURE MARKET FAILURES MARKET INFORMATION MARKET PARTICIPANTS MARKET SHARE MARKET SIZE MEASUREMENT MERITOCRACY METALS MICRO ENTERPRISES MICROFINANCE MINORITY SHAREHOLDERS MONETARY FUND MONETARY POLICY MONOPOLIES MULTILATERAL TRADE NATURAL CAPITAL NATURAL RESOURCES NET EXPORTS NEW MARKETS NONPERFORMING LOAN NONPERFORMING LOANS NPL OIL OIL PRICES OIL RESERVES OIL SECTOR OPTIONS PAYMENT SERVICES PAYMENT SYSTEM PAYMENTS PEOPLE PER CAPITA INCOME PHYSICAL CAPITAL POLITICAL STABILITY POSITIVE EXTERNALITIES POVERTY PRIVATE BANK PRIVATE INVESTMENT PRODUCERS PRODUCTIVITY PRODUCTIVITY GROWTH PROFITS PROPERTIES PROPERTY PROPERTY OWNERSHIP PROPERTY RIGHTS REAL EXCHANGE RATE REGULATORY BARRIERS REGULATORY FRAMEWORK RESOURCE MANAGEMENT RETURNS REVENUE REVENUES RULE OF LAW SAVING SAVINGS SELF-REGULATION SHARE SHARE OF INVESTMENT SHARES SHORT-TERM CAPITAL STOCKS SUSTAINABLE DEVELOPMENT TARIFF TARIFFS TAX TAX CODE TAX EXEMPTIONS TAXES TERMS OF TRADE THEORY TOTAL REVENUE TRADE TRADE BARRIERS TRADE COMPETITIVENESS TRADE POLICY TRADING TRANSACTION TRANSACTION COSTS TRANSACTIONS TRANSPARENCY TRENDS TRUSTS UNDERDEVELOPED FINANCIAL SECTOR UNEMPLOYMENT VALUATION VALUE VALUE ADDED VALUES WAREHOUSES WEALTH WELFARE WELFARE GAINS WORKING CAPITAL WORLD TRADE ORGANIZATION |
| spellingShingle |
ACCESS TO MARKETS AGRICULTURE ALLOCATIVE EFFICIENCY ASSET MANAGEMENT BANK LIQUIDITY BANK LOAN BANKING SECTOR BARRIERS TO ENTRY BENCHMARKING BENEFICIARY BONDED WAREHOUSE BROKERS BUDGET BUSINESS CYCLE BUSINESS FAILURE CAPITAL ADEQUACY CAPITAL FLOWS CAPITAL STOCK COAL COMMODITY PRICES COMPANY LAW COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITION POLICY COMPETITIVE MARKET COMPETITIVENESS CONSUMERS CONSUMPTION CORPORATE GOVERNANCE CORRUPTION CREDIBILITY CREDIT CREDIT AVAILABILITY CRITERIA DEBT DEBT MANAGEMENT DEFICIT DEMAND DEREGULATION DEVELOPED COUNTRIES DEVELOPMENT POLICY DISCOUNT DIVERSIFICATION DIVIDENDS ECONOMIC COMPETITIVENESS ECONOMIC DEMAND ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC LEGISLATION ECONOMIC POLICY ECONOMIC RESEARCH ECONOMIC STRUCTURE ECONOMIC TRANSACTIONS ECONOMY EDUCATION SYSTEM ELASTICITY EMPLOYER EMPLOYMENT GROWTH ENDOWMENT ENDOWMENTS ENFORCEABILITY ENFORCEABILITY OF CONTRACTS ENFORCEMENT OF CONTRACTS ENVIRONMENT EQUITY EXCESS DEMAND EXCESS SUPPLY EXCHANGE EXPECTATIONS EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORTERS EXPORTS FAILURES FAMILIES FINANCE FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCING FISCAL DISCIPLINE FISCAL POLICY FISHING FOREIGN DIRECT INVESTMENT FUTURE GDP GDP PER CAPITA GLOBAL MARKETS GOOD GOODS GOVERNMENT BUDGET GOVERNMENT POLICY GOVERNMENT REGULATIONS GOVERNMENT SPENDING GROWTH RATE GUARANTEES HOLDINGS HOUSEHOLDS HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT HUMAN RESOURCE HUMAN RESOURCES INCENTIVES INCOME INCOME GROUPS INDUSTRIALIZATION INEFFICIENCY INFLUENCE INFORMATION SYSTEMS INFRASTRUCTURE DEVELOPMENT INPUTS INSTRUMENTS INTELLECTUAL PROPERTY INTERESTS INTERNATIONAL BANK INTERNATIONAL MARKETS INTERNATIONAL STANDARDS INTERNATIONAL TRADE INVENTORY INVESTING INVESTMENT INCOME INVESTMENTS INVESTORS JOINT-STOCK COMPANY LABOR FORCE LABOR MARKET LABOR MARKETS LAND LAND OWNERSHIP LEGAL FRAMEWORK LENDING LEVEL PLAYING FIELD LIABILITY LIQUIDITY LIVING STANDARDS LOAN PORTFOLIO LOAN PORTFOLIOS LOCAL GOVERNMENTS MACROECONOMIC ENVIRONMENT MACROECONOMIC MANAGEMENT MACROECONOMIC SHOCKS MACROECONOMIC VOLATILITY MACROECONOMICS MARKET MARKET DEVELOPMENT MARKET FAILURE MARKET FAILURES MARKET INFORMATION MARKET PARTICIPANTS MARKET SHARE MARKET SIZE MEASUREMENT MERITOCRACY METALS MICRO ENTERPRISES MICROFINANCE MINORITY SHAREHOLDERS MONETARY FUND MONETARY POLICY MONOPOLIES MULTILATERAL TRADE NATURAL CAPITAL NATURAL RESOURCES NET EXPORTS NEW MARKETS NONPERFORMING LOAN NONPERFORMING LOANS NPL OIL OIL PRICES OIL RESERVES OIL SECTOR OPTIONS PAYMENT SERVICES PAYMENT SYSTEM PAYMENTS PEOPLE PER CAPITA INCOME PHYSICAL CAPITAL POLITICAL STABILITY POSITIVE EXTERNALITIES POVERTY PRIVATE BANK PRIVATE INVESTMENT PRODUCERS PRODUCTIVITY PRODUCTIVITY GROWTH PROFITS PROPERTIES PROPERTY PROPERTY OWNERSHIP PROPERTY RIGHTS REAL EXCHANGE RATE REGULATORY BARRIERS REGULATORY FRAMEWORK RESOURCE MANAGEMENT RETURNS REVENUE REVENUES RULE OF LAW SAVING SAVINGS SELF-REGULATION SHARE SHARE OF INVESTMENT SHARES SHORT-TERM CAPITAL STOCKS SUSTAINABLE DEVELOPMENT TARIFF TARIFFS TAX TAX CODE TAX EXEMPTIONS TAXES TERMS OF TRADE THEORY TOTAL REVENUE TRADE TRADE BARRIERS TRADE COMPETITIVENESS TRADE POLICY TRADING TRANSACTION TRANSACTION COSTS TRANSACTIONS TRANSPARENCY TRENDS TRUSTS UNDERDEVELOPED FINANCIAL SECTOR UNEMPLOYMENT VALUATION VALUE VALUE ADDED VALUES WAREHOUSES WEALTH WELFARE WELFARE GAINS WORKING CAPITAL WORLD TRADE ORGANIZATION World Bank Beyond Oil : Kazakhstan's Path to Greater Prosperity through Diversifying, Volume 2. Main Report |
| 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 2. Main Report |
| title_short |
Beyond Oil : Kazakhstan's Path to Greater Prosperity through Diversifying, Volume 2. Main Report |
| title_full |
Beyond Oil : Kazakhstan's Path to Greater Prosperity through Diversifying, Volume 2. Main Report |
| title_fullStr |
Beyond Oil : Kazakhstan's Path to Greater Prosperity through Diversifying, Volume 2. Main Report |
| title_full_unstemmed |
Beyond Oil : Kazakhstan's Path to Greater Prosperity through Diversifying, Volume 2. Main Report |
| title_sort |
beyond oil : kazakhstan's path to greater prosperity through diversifying, volume 2. main report |
| publisher |
Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2013/06/18715185/beyond-oil-kazakhstans-path-greater-prosperity-through-diversifying-vol-2-2-main-report http://hdl.handle.net/10986/16720 |
| _version_ |
1764434519750868992 |
| spelling |
okr-10986-167202021-04-23T14:03:32Z Beyond Oil : Kazakhstan's Path to Greater Prosperity through Diversifying, Volume 2. Main Report World Bank ACCESS TO MARKETS AGRICULTURE ALLOCATIVE EFFICIENCY ASSET MANAGEMENT BANK LIQUIDITY BANK LOAN BANKING SECTOR BARRIERS TO ENTRY BENCHMARKING BENEFICIARY BONDED WAREHOUSE BROKERS BUDGET BUSINESS CYCLE BUSINESS FAILURE CAPITAL ADEQUACY CAPITAL FLOWS CAPITAL STOCK COAL COMMODITY PRICES COMPANY LAW COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITION POLICY COMPETITIVE MARKET COMPETITIVENESS CONSUMERS CONSUMPTION CORPORATE GOVERNANCE CORRUPTION CREDIBILITY CREDIT CREDIT AVAILABILITY CRITERIA DEBT DEBT MANAGEMENT DEFICIT DEMAND DEREGULATION DEVELOPED COUNTRIES DEVELOPMENT POLICY DISCOUNT DIVERSIFICATION DIVIDENDS ECONOMIC COMPETITIVENESS ECONOMIC DEMAND ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC LEGISLATION ECONOMIC POLICY ECONOMIC RESEARCH ECONOMIC STRUCTURE ECONOMIC TRANSACTIONS ECONOMY EDUCATION SYSTEM ELASTICITY EMPLOYER EMPLOYMENT GROWTH ENDOWMENT ENDOWMENTS ENFORCEABILITY ENFORCEABILITY OF CONTRACTS ENFORCEMENT OF CONTRACTS ENVIRONMENT EQUITY EXCESS DEMAND EXCESS SUPPLY EXCHANGE EXPECTATIONS EXPENDITURE EXPENDITURES EXPORT GROWTH EXPORTERS EXPORTS FAILURES FAMILIES FINANCE FINANCIAL ASSETS FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCING FISCAL DISCIPLINE FISCAL POLICY FISHING FOREIGN DIRECT INVESTMENT FUTURE GDP GDP PER CAPITA GLOBAL MARKETS GOOD GOODS GOVERNMENT BUDGET GOVERNMENT POLICY GOVERNMENT REGULATIONS GOVERNMENT SPENDING GROWTH RATE GUARANTEES HOLDINGS HOUSEHOLDS HUMAN CAPITAL HUMAN CAPITAL DEVELOPMENT HUMAN RESOURCE HUMAN RESOURCES INCENTIVES INCOME INCOME GROUPS INDUSTRIALIZATION INEFFICIENCY INFLUENCE INFORMATION SYSTEMS INFRASTRUCTURE DEVELOPMENT INPUTS INSTRUMENTS INTELLECTUAL PROPERTY INTERESTS INTERNATIONAL BANK INTERNATIONAL MARKETS INTERNATIONAL STANDARDS INTERNATIONAL TRADE INVENTORY INVESTING INVESTMENT INCOME INVESTMENTS INVESTORS JOINT-STOCK COMPANY LABOR FORCE LABOR MARKET LABOR MARKETS LAND LAND OWNERSHIP LEGAL FRAMEWORK LENDING LEVEL PLAYING FIELD LIABILITY LIQUIDITY LIVING STANDARDS LOAN PORTFOLIO LOAN PORTFOLIOS LOCAL GOVERNMENTS MACROECONOMIC ENVIRONMENT MACROECONOMIC MANAGEMENT MACROECONOMIC SHOCKS MACROECONOMIC VOLATILITY MACROECONOMICS MARKET MARKET DEVELOPMENT MARKET FAILURE MARKET FAILURES MARKET INFORMATION MARKET PARTICIPANTS MARKET SHARE MARKET SIZE MEASUREMENT MERITOCRACY METALS MICRO ENTERPRISES MICROFINANCE MINORITY SHAREHOLDERS MONETARY FUND MONETARY POLICY MONOPOLIES MULTILATERAL TRADE NATURAL CAPITAL NATURAL RESOURCES NET EXPORTS NEW MARKETS NONPERFORMING LOAN NONPERFORMING LOANS NPL OIL OIL PRICES OIL RESERVES OIL SECTOR OPTIONS PAYMENT SERVICES PAYMENT SYSTEM PAYMENTS PEOPLE PER CAPITA INCOME PHYSICAL CAPITAL POLITICAL STABILITY POSITIVE EXTERNALITIES POVERTY PRIVATE BANK PRIVATE INVESTMENT PRODUCERS PRODUCTIVITY PRODUCTIVITY GROWTH PROFITS PROPERTIES PROPERTY PROPERTY OWNERSHIP PROPERTY RIGHTS REAL EXCHANGE RATE REGULATORY BARRIERS REGULATORY FRAMEWORK RESOURCE MANAGEMENT RETURNS REVENUE REVENUES RULE OF LAW SAVING SAVINGS SELF-REGULATION SHARE SHARE OF INVESTMENT SHARES SHORT-TERM CAPITAL STOCKS SUSTAINABLE DEVELOPMENT TARIFF TARIFFS TAX TAX CODE TAX EXEMPTIONS TAXES TERMS OF TRADE THEORY TOTAL REVENUE TRADE TRADE BARRIERS TRADE COMPETITIVENESS TRADE POLICY TRADING TRANSACTION TRANSACTION COSTS TRANSACTIONS TRANSPARENCY TRENDS TRUSTS UNDERDEVELOPED FINANCIAL SECTOR UNEMPLOYMENT VALUATION VALUE VALUE ADDED VALUES WAREHOUSES WEALTH WELFARE 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. 2014-01-30T16:34:55Z 2014-01-30T16:34:55Z 2013-06 http://documents.worldbank.org/curated/en/2013/06/18715185/beyond-oil-kazakhstans-path-greater-prosperity-through-diversifying-vol-2-2-main-report http://hdl.handle.net/10986/16720 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 |