 Kazakhstan’s Economic Transformation, 1989–2007Charles M. Becker, Grigori A. Marchenko, Sabit Khakimzhanov (), Ai-Gul S. Seitenova and Vladimir Ivliev Chapter 5 in Social Security Reform in Transition Economies, 2009, pp 87-109 from Palgrave Macmillan Abstract: Abstract The story of Kazakhstan’s transition offers several insights into the conduct of economic policy and the factors that shape it. Macroeconomic policies usually take center stage in developed countries’ economic policy discussions. In transition economies, macroeconomic stabilization is only a part of a larger package of economic reforms aimed at institutional development taken for granted in established market economies. The experience of Kazakhstan and other transition economies suggests that macroeconomic policy effectiveness depends crucially on the success of structural reforms and that neglecting microeconomic and institutional policies jeopardizes the sustainability of macroeconomic achievements. Thus, it is important to place Kazakhstan’s macroeconomic patterns in the context of the sweeping restructuring that transformed a centrally planned province of the Soviet Union to an independent, market-based economy. Keywords: Monetary Policy; Fiscal Policy; Real Exchange Rate; Real Wage; Pension Fund (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-61802-2_5 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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