Progress in diversification of the economy in Kazakhstan

Alibek Konkakov and Gulaikhan Kubayeva
Additional contact information
Alibek Konkakov: Kazakhstan Industry Development Institute
Gulaikhan Kubayeva: Economic Research Institute Kazakhstan

No 2016/8, Working Papers from Maastricht School of Management

Abstract: Economic diversification policy is often on the agenda in developing economies. Typically, this implies the development of the manufacturing industry. It is believed that a strong manufacturing sector reduces economic volatility and contributes to the formation of the middle class. The economic history of countries such as Singapore, South Korea, Japan, where the development of the manufacturing industry was the key to the "economic miracle", confirms this thesis.

Pages: 16 pages
Date: 2016-08
New Economics Papers: this item is included in nep-cis, nep-cwa and nep-sea
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Citations: View citations in EconPapers (4)

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