Kazakhstan: A State-Led Liberalized Market Economy?

Ken Charman

Chapter 8 in Varieties of Capitalism in Post-Communist Countries, 2007, pp 165-182 from Palgrave Macmillan

Abstract: Abstract By 2005, a decade and a half after the foundations of a market economy were first set in place, the extent of capitalism in the Republic of Kazakhstan was evident. Markets had been liberalized for over a decade, the privatization programmes started in the 1990s still continued, there was significant growth in the SME sector, and foreign trade and foreign direct investment were playing a significant and increasingly important role in economic activity. The banking system and financial markets were functioning, and laws to regulate market activity had been passed.

Keywords: Foreign Direct Investment; Corporate Governance; Stock Exchange; Banking System; Pension Fund (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-0-230-62757-4_9

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DOI: 10.1057/9780230627574_9

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