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OECD Territorial Reviews: Kazakhstan

image of OECD Territorial Reviews: Kazakhstan

Kazakhstan has experienced a long period of high and sustained economic growth, largely driven by oil and gas exports. However, the drop in 2014 of the international price of oil highlighted the risks of dependence on natural resource activities. Kazakhstan must diversify its economic base to ensure that it can continue to “catch up” and move into higher value-added goods and services. This review looks at how a modern approach to regional development can help Kazakhstan by mobilising the growth potential of different parts of the economy and territory, supporting economic diversification and reducing regional inequalities.

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Foreword and acknowledgements

The globalisation of trade and economic activity has contributed to improving living standards, boosted productivity and encouraged countries to specialise in their areas of comparative advantage. However, these same processes have also brought new challenges. The gains from globalisation have not always been evenly felt within countries – some regions and cities have benefitted far more than others. In response to such growing inequalities, OECD member countries are adopting policies to ensure that the benefits from globalisation are sustainable and inclusive for all citizens and regions. The importance of this was recently reinforced by the 2016 OECD Ministerial Council Statement on enhancing productivity for inclusive growth.

English

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