Real GDP fell throughout the first half of the 1990s in all newly independent states, declining by about half in Kazakhstan. The country was also adversely affected towards the end of the decade by the Asian and Russian crises as well as by fluctuating world market prices for energy. However, Kazakhstan's economic performance has significantly improved since late 1999, due partly to capable macroeconomic engineering, partly to the rebound of world energy prices, and partly to spillover effects from energy-sector growth taking hold in the domestic economy.
Continue reading "Kazakhstan's Economic Promise Revisited" »
The significance of the agreements on energy cooperation achieved during Russian President Vladimir Putin's recently completed visit to Kazakhstan is only an indicator of the consolidation of deeper tectonic shifts in Eurasian security and economic affairs. A new triangle is emerging in East Central Eurasian geo-economics among Russia, Kazakhstan and China. (It is being complemented by the emergence of another such triangle in West Central Eurasia among Russia, Turkmenistan and Ukraine.) Energy cooperation is a linchpin of each of the emerging triangular ententes, but the ententes themselves go far beyond energy.
Continue reading "Emerging triangles: Russia-Kazakhstan-China" »
В Евразии происходят глубинные тектонические сдвиги в области обеспечения безопасности и экономического сотрудничества.
Continue reading "Новый треугольник Россия-Казахстан-Китай" »
На минувшей неделе пресса продолжила комментировать итоги недавнего визита президента Путина в Казахстан.
Continue reading "Из-за чего страдает рыба в Балхаше и океанариуме Астаны" »