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Kazakhstan's Economy in Global Market

In: Business and Management

Submitted By Dinarka
Words 3331
Pages 14
Kazakhstan`s place in Global Economy

Dinara Zhangabayeva 145075 International business (MGMT 550) Submitted to ASSOC. PROF. DR. AKER SULE 28- 12- 2015

Introduction
At the turn of 20-21 centuries, the world economy has entered a new phase of internationalization of economic life, which is defined as globalization. Globalization of the world economy as multidimensional process manifests itself in substantially all major aspects of modern economic life. The world is getting united through globalization. This is happening because of the technological advancements in the recent decades and the global organizations that made trading and capital movements easier. Regulations from various countries supported free trade, which made the countries more integrated with each other. Various entities were created to facilitate the trade between countries and to reach a more global economy (World Trade Organization, International Monetary Funds, The World Bank, European Union…). Efforts were made to get the financial markets integrated between each other as we have indexes for the whole world such as BBC Global 30, S&P global 100 … etc. and indexes for the European union like FTSE Euro 100, FTSE Euro Top 100… etc.
The independence allowed Kazakhstan to establish economic relations with many developed and developing countries, to rebuild relationships with former partners and to advance on the path of integration into the world market. The liberalization of foreign economic activities has eliminated the monopoly of the state in this area, have allowed enterprises, firms and individuals to freely establish contacts with foreign partners. Currently in the country there is an intensive growth in the number of joint ventures, opening representative offices of major companies in the world, developed and implemented projects are the joint development of natural…...

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