Foreign Investment And Privatisation In Kazakhstan PDF Download

Economic Development in Kazakhstan traces the role of large enterprises, the core of the country's industrial economy, their development through 70 years of socialism and their privatization since 1991 when Kazakhstan became independent. Tracing the path of Kazakhstan's expansion to become a competitor in the international economy, this book gives hitherto hidden insights into policies which aim at transforming the economy as well as to the individuals who now control parts of the economy and to their political allegiances. Although touted as a very aggressive transition strategy, Anne Peck suggests that the privatization and sale of main enterprises has led in fact to a surprising degree of control by just a few new investors and increasingly strong insiders. Controversially, the book concludes that it is the control demanded by these insiders rather than the success of any foreign investor that will ultimately determine the future development of the country's economy. With many empirical examples of what the process of industrial privatization means to individuals as well as to communities, this book will be of interest to professionals and business people connected to the region