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Trade Policy Issues of Oil-rich but Land-locked Country Case: Focusing on Kazakhstan post-WTO entry

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  • Turakulov, Valijon

Abstract

Most countries have enjoyed the WTO membership, but some counties faced economic and political disturbance after joining the WTO. An excellent example of the former could be China, and one of the latter can be Kazakhstan. In fact, the country went economic recession after getting WTO membership, and most of the critics blamed the WTO membership. This gives a bad impression to neighboring countries such as Uzbekistan in Central Asia. This paper tries to assess the WTO membership hurt the economy of Kazakhstan. It investigates the reasons why the accession took nineteen years from submitting application, and discussions on the impact of WTO membership and the country's geopolitical issues. Then, it tries to analyze why the country suffered an economic recession with the simulation using a computable general equilibrium (CGE) model, based on its tariff liberalization schedule as a WTO member. The paper underlines that the WTO membership is not a cause for an economic recession for Kazakhstan. JEL Classifications: F13, F15, F17 Key Words: Kazakhstan, WTO membership, oil price, CGE model View recording of presentation

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  • Turakulov, Valijon, 2020. "Trade Policy Issues of Oil-rich but Land-locked Country Case: Focusing on Kazakhstan post-WTO entry," Conference papers 333223, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    • Handle: RePEc:ags:pugtwp:333223
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    Cited by:

    1. Mereke Tanaguzova & Simeon Nanovsky & Serik Orazgaliyev, 2023. "Assessing the Effect of Joining the World Trade Organization on Trade Performance: A Study of CIS Countries," Economies, MDPI, vol. 11(9), pages 1-17, September.
    2. Cheong, Inkyo & Turakulov, Valijon, 2021. "How Central Asia to escape from trade isolation? Policy Targeted Scenarios by CGE Modeling," Conference papers 333251, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.

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    More about this item

    Keywords

    International Relations/Trade; Resource /Energy Economics and Policy;

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F15 - International Economics - - Trade - - - Economic Integration
    • F17 - International Economics - - Trade - - - Trade Forecasting and Simulation

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