Competitiveness and Private Sector Development: Kazakhstan 2010
Sector Competitiveness Strategy
Since 2000, the economy of the Republic of Kazakhstan has been growing at an annual rate of between 8%-9%, making it one of the ten highest performing economies in the world. Kazakhstan alone attracts more foreign direct investment than all other Central Asian countries together. To date, the country’s strong economic performance has been driven largely by its natural resources sector. The oil and gas sectors alone attract three quarters of foreign investment inflows. However, Kazakhstan’s non-energy sectors also have competitive advantages that could be potential new sources for growth.
In 2009 Kazakhstan launched a far-reaching programme to diversify its sources of foreign direct investment. To support this effort, it asked the OECD to undertake a three-year Sector Competitiveness Review. This report represents the first phase of this Review, which is an assessment and strategy to help Kazakhstan enhance the competitiveness of non-energy sectors including agribusiness, fertilizers, logistics, business services and information technology. While it acknowledges that the government has successfully implemented a first generation of business climate reforms, the report recommends that sector-specific policy barriers be further addressed. For example, policy makers could stimulate quality improvements and modernise production in some sectors by facilitating access to finance, attracting modern retailers and addressing skills gaps in the workforce.
Egalement disponible en : Russe
Logistics for Agribusiness
The global transport and logistics sector, largely influenced by general business conditions and economic activity, underwent significant growth in recent decades. At the same time, the sector experienced a decline in demand and intensifying cost competition as a result of the recent economic downturn and subsequent decreases in volumes of international trade. Kazakhstan’s transportation sector faces key challenges because it has not been modernised sufficiently. This includes physical infrastructure and transport facilities, institutional policies and regulations as well as operations capability and logistics. However, Kazakhstan has an opportunity to turn its transport and logistics sector into a vehicle of economic diversification and competitiveness.
Egalement disponible en : Russe