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Digital Transformation of a Country’s Image: The Case of the Astana International Finance Centre in Kazakhstan

Author

Listed:
  • Azel Zhanibek

    (Al-Farabi Kazakh National University, Faculty, Almaty, Kazakhstan)

  • Rafis Abazov

    (Columbia University, NYC, USA; Kazakh National Agrarian Research University, Almaty, Kazakhstan)

  • Andrey Khazbulatov

    (Kazakh Research Institute of Culture, Almaty, Kazakhstan)

Abstract

A strong positive image is an important asset for all countries around the world. Simple recognition of a name or geographic location is not enough to make a successful brand. People should want to visit, live, and preferably work and invest in the country. The research methodology for this article used Simon Anholt’s approach. Anholt is the author of the widely recognized system Nation Brands Index which measures the power and quality of each country’s “brand image†by combining the following six dimensions: Exports, Governance, Culture and Heritage, People, Tourism, and Investment and Immigration. In this article, the authors selected one important dimension, “Investment and Immigration,†using the case of the Astana International Finance Centre (AIFC), which was created to enhance and promote Kazakhstan’s investment image. The expected outcomes of the study include assessing the perception of how the AIFC used digital technologies to build its brand as a part of the country’s image, and discussing the digital context of developing investment attractiveness. It also covers a short literature review on the theoretical and empirical aspects of digital transformation and presents a case study and a questionnaire-based survey to illustrate the impact of digital transformation, and especially the use of digital technologies for the AIFC’s image promotion. The conclusion summarizes the findings of this research and discusses some implications for investment and immigration attractiveness and the image of the AIFC.

Suggested Citation

  • Azel Zhanibek & Rafis Abazov & Andrey Khazbulatov, 2022. "Digital Transformation of a Country’s Image: The Case of the Astana International Finance Centre in Kazakhstan," Virtual Economics, The London Academy of Science and Business, vol. 5(2), pages 71-94, September.
    • Handle: RePEc:aid:journl:v:5:y:2022:i:2:p:71-94
    DOI: 10.34021/ve.2022.05.02(4)
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    References listed on IDEAS

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    1. Aleksy Kwilinski & Nataliya Dalevska & Vyacheslav V. Dementyev, 2022. "Metatheoretical Issues of the Evolution of the International Political Economy," JRFM, MDPI, vol. 15(3), pages 1-14, March.
    2. Jafari-Sadeghi, Vahid & Garcia-Perez, Alexeis & Candelo, Elena & Couturier, Jerome, 2021. "Exploring the impact of digital transformation on technology entrepreneurship and technological market expansion: The role of technology readiness, exploration and exploitation," Journal of Business Research, Elsevier, vol. 124(C), pages 100-111.
    3. Yurii Kharazishvili & Aleksy Kwilinski & Olena Grishnova & Henryk Dzwigol, 2020. "Social Safety of Society for Developing Countries to Meet Sustainable Development Standards: Indicators, Level, Strategic Benchmarks (with Calculations Based on the Case Study of Ukraine)," Sustainability, MDPI, vol. 12(21), pages 1-21, October.
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    Cited by:

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