Kazakhstan: extractive resources, governance and inclusive development

Rafael Aguirre-Unceta ()

Journal of Social and Economic Development, 2024, vol. 26, issue 1, No 11, 235-257

Abstract: Abstract Kazakhstan has large natural resources (hydrocarbons and minerals), which have enabled it to achieve a position of relative prosperity compared with other ex-Soviet countries in Central Asia. This article aims to examine the economic and social impact that the exploitation of these resources has had on the country. More specifically, it seeks to assess the consistency of the economic growth achieved, the extent of national productive diversification, as well as the wealth distribution within the Kazakh social structure. The article also attempts to appraise these effects in Kazakhstan in relation to some of the postulates of the resource curse thesis. One of them predicts that under weak and autocratic institutional frameworks, the benefits of the extractive sector tend to be captured by elites close to power. Poverty in Kazakhstan has declined overall, albeit with peaks in recent years and marked inequalities between the country's regions. Public spending on social policies (education, health, social protection) has been disproportionate and has lagged behind that of countries with comparable economic conditions. Social deprivation and civil unrest are witnessed in the country, as evidenced by the riots that rocked some of its cities in January 2022.

Keywords: Natural resources; Governance; Industrial policy and economic diversification; Tax performance; Public social policies (search for similar items in EconPapers)
JEL-codes: H21 H5 O15 O25 Q32 Q38 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s40847-023-00252-1

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