EVALUATION OF KAZAKHSTAN'S INVESTMENT ATTRACTIVENESS: DETERMINANTS AND SUGGESTIONS
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Date
2023-11-05
Authors
Nurgozhina, Zhaniya
Nurzhanov, Islambek
Saktaganov, Daulet
Journal Title
Journal ISSN
Volume Title
Publisher
Nazarbayev University, Graduate School of Public Policy
Abstract
In light of Kazakhstan's impressive economic achievements over its three-decade period
of independence, its strategic geographic positioning and substantial oil and gas reserves
have facilitated the country's capacity to attract Foreign Direct Investment (FDI).
However, sustaining and augmenting FDI inflows necessitates the implementation of a
well-defined and transparent investment management policy. Our study adopts a bottomup
analytical approach, engaging directly with pivotal stakeholders within the investment
framework to examine the current investment climate. Through comprehensive
interviews and analysis, we discerned critical areas warranting refinement. Specifically,
our findings underscore that fundamental enhancements are requisite in political stability,
corruption reduction, legal infrastructure, bureaucracy, and inter-agency communication
among key governmental entities integral to the investment landscape. This nuanced
investigation underscores the imperative of strategic reforms to fortify Kazakhstan's
investment architecture and bolster its enduring economic prosperity.
Description
Keywords
Kazakhstan's investment attractiveness, FDI determinants, Type of access: Restricted
Citation
Nurgozhina, Zh., Nurzhanov, I., & Saktaganov, D., (2023). Evaluation of Kazakhstan's investment attractiveness:Determinants and suggestions. Nazarbayev University, Graduate School of Public Policy.