IDEAS home Printed from https://ideas.repec.org/p/asd/wpaper/rpt136049-3.html
   My bibliography  Save this paper

Report to the Government of Kazakhstan: Policies for Industrial and Service Diversification in Asia in the 21st Century

Author

Listed:
  • Asian Development Bank (ADB)

Abstract

The economy of Kazakhstan has performed remarkably well since gaining independence in 1991, with per capita income approaching $13,000. This excellent performance has been the result of both sound macroeconomic policies and a favorable investment climate. However, Kazakhstan’s economy remains heavily dependent on oil, and this dependence is increasing. While in 2000, petroleum accounted for 50% of total exports, by 2010 it represented 61%. Moving forward, Kazakhstan’s strategic development objective is long-term sustainability, which requires diversifying the economy and upgrading the human capital base. Starting in 2010, the Government of Kazakhstan has put in place new programs to increase economic diversification. This report analyzes the degree of diversification of Kazakhstan’s economy during the last 15 years. Using export data, the report documents that, surprisingly, in 2010 Kazakhstan exported fewer products with comparative advantage (the measure of diversification used in this report) than it did one decade ago. Second, the report summarizes the experiences and lessons of Australia, the People’s Republic of China, the European Union, the Republic of Korea, Malaysia, and the United States, in modernizing industrial policy tools. And third, the report emphasizes that given that industrial policy should be stage-ofdevelopment dependent, Kazakhstan should implement a modern indirect industrial policy program and a risk-management framework, through the financial markets.

Suggested Citation

  • Asian Development Bank (ADB), 2013. "Report to the Government of Kazakhstan: Policies for Industrial and Service Diversification in Asia in the 21st Century," ADB Reports RPT136049-3, Asian Development Bank (ADB), revised 16 Oct 2013.
  • Handle: RePEc:asd:wpaper:rpt136049-3
    as

    Download full text from publisher

    File URL: http://www.adb.org/sites/default/files/pub/2013/kazakhstan-policies-industrial-service-diversification.pdf
    Download Restriction: no

    File URL: http://www.adb.org/sites/default/files/pub/2013/kazakhstan-policies-industrial-service-diversification.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Lin, Justin Yifu & Monga, Celestin, 2011. "Growth identification and facilitation : the role of the state in the dynamics of structural change," Policy Research Working Paper Series 5313, The World Bank.
    2. Dirk Willem te Velde & Justin Lin & Célestin Monga & Suresh D. Tendulkar & Alice Amsden & K. Y. Amoako & Howard Pack & Wonhyuk Lim, 2011. "DPR Debate: Growth Identification and Facilitation: The Role of the State in the Dynamics of Structural Change," Development Policy Review, Overseas Development Institute, vol. 29(3), pages 259-310, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Petrick, Martin & Oshakbaev, Dauren & Wandel, Jürgen, 2014. "Kazakhstan's wheat, beef and dairy sectors: An assessment of their development constraints and recent policy responses [Die Erzeugung von Weizen, Rindfleisch und Milchprodukten in Kasachstan: Entwi," IAMO Discussion Papers 145, Leibniz Institute of Agricultural Development in Transition Economies (IAMO).
    2. repec:zbw:iamodp:163932 is not listed on IDEAS

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Asongu, Simplice & Nwachukwu, Jacinta, 2016. "Reconciliation of the Washington Consensus with the Beijing Model in Africa," MPRA Paper 73685, University Library of Munich, Germany.
    2. Asongu, Simplice & Tchamyou, Vanessa & Asongu, Ndemaze & Tchamyou, Nina, 2018. "The Comparative African Economics of Governance in Fighting Terrorism," MPRA Paper 92346, University Library of Munich, Germany.
    3. Simplice Asongu, 2016. "Reinventing Foreign Aid For Inclusive And Sustainable Development: Kuznets, Piketty And The Great Policy Reversal," Journal of Economic Surveys, Wiley Blackwell, vol. 30(4), pages 736-755, September.
    4. Valeriy V. Mironov & Liudmila D. Konovalova, 2019. "Structural changes and economic growth in the world economy and Russia," Russian Journal of Economics, ARPHA Platform, vol. 5(1), pages 1-26, April.
    5. Asongu, Simplice A, 2014. "A Development Consensus reconciling the Beijing Model and Washington Consensus: Views and Agenda," MPRA Paper 58757, University Library of Munich, Germany.
    6. Justin Yifu Lin, 2013. "Demystifying the Chinese Economy," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 46(3), pages 259-268, September.
    7. Minghui Zhang & Weiqi Xia, 2022. "Research on the Law of China’s Rural Land Institutional Changes: An Analytical Framework of Economic Efficiency and Distributive Equity," Land, MDPI, vol. 11(12), pages 1-15, December.
    8. Simplice Asongu & Vanessa Tchamyou & Ndemaze Asongu & Nina Tchamyou, 2019. "Fighting terrorism in Africa: evidence from bundling and unbundling institutions," Empirical Economics, Springer, vol. 56(3), pages 883-933, March.
    9. Hippolyte Fofack, 2014. "The Idea of Economic Development: Views from Africa," WIDER Working Paper Series wp-2014-093, World Institute for Development Economic Research (UNU-WIDER).
    10. Yagoub Elryah, 2019. "On the Priorities of Comparative Advantage of Agro-industry Commodities: the way towards Economic Transformation," Research in Business and Management, Macrothink Institute, vol. 6(1), pages 13-47, February.
    11. Justin Yifu Lin, 2013. "New structural economics: the third wave of development thinking," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 27(2), pages 1-13, November.
    12. Justin Yifu Lin & Yan Wang, 2020. "Seventy Years of Economic Development: A Review from the Angle of New Structural Economics," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 28(4), pages 26-50, July.
    13. Wang, Yong, 2022. "Market structure, factor endowment, and technology adoption," Research in International Business and Finance, Elsevier, vol. 63(C).
    14. Justin Yifu Lin & Yan Wang, 2016. "Special Section: China's Growing Trade and its Role to the World Economy," Pacific Economic Review, Wiley Blackwell, vol. 21(1), pages 102-117, February.
    15. Asongu, Simplice, 2014. "Reinventing foreign aid for inclusive and sustainable development: a survey," MPRA Paper 65300, University Library of Munich, Germany.
    16. Justin Yifu Lin, 2013. "From Flying Geese to Leading Dragons: New Opportunities and Strategies for Structural Transformation in Developing Countries," International Economic Association Series, in: Joseph E. Stiglitz & Justin Lin Yifu & Ebrahim Patel (ed.), The Industrial Policy Revolution II, chapter 1, pages 50-70, Palgrave Macmillan.
    17. Simplice A. Asongu & Jacinta C. Nwachukwu, 2016. "Rational Asymmetric Development, Piketty and Poverty in Africa," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 13(2), pages 221-246, December.
    18. ASONGU, Simplice & ODHIAMBO, Nicholas, 2018. "Drivers Of Growth In Fast Emerging Economies: A Dynamic Instrumental Quantile Approach To Real Output And Its Rates Of Growth In Brics And Mint Countries, 2001-2011," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 18(1), pages 5-22.
    19. Kijong Kim & Ipek Ilkkaracan & Tolga Kaya, 2017. "Investing in Social Care Infrastructure and Employment Generation: A Distributional Analysis of the Care Economy in Turkey," Economics Working Paper Archive wp_882, Levy Economics Institute.
    20. Juan Ricardo Perilla Jiménez, 2020. "Testing the impact of technology diffusion and innovation on long-run growth using cointegration techniques," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 29(6), pages 748-773, August.

    More about this item

    Keywords

    kazakhstan; kazakhstan economy; kazakhstan industry; kazakhstan GDP; economic diversification;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:asd:wpaper:rpt136049-3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jun de Jesus (email available below). General contact details of provider: https://edirc.repec.org/data/asdevph.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.