KAZAKHSTAN'S ECONOMIC GROWTH PERSPECTIVES FOR THE COMING PERIODJournal: The Way of Science (Vol.1, No. 60)
Publication Date: 2019-02-28
Authors : Mursalova Kh.N.;
Page : 38-41
Keywords : growth stages; comparative economic growth; IT.;
For Kazakhstan, the problems of efficiency and quality of economic growth are of particular importance. For a long time, the development of the economy was measured by the rate of quantitative increase in the gross social product. Measures were made without taking into account the development of the branches of intangible production. The macroeconomic results of such development were reflected in the low competitiveness of the domestic product, the high cost of production and the significantly low standard of living of the population. Therefore, at the present stage the most important problem for the growth of economy is the enhanced implementation of the achievements of Scientific and technical progress in all sectors of the national economy. This problem is solved during the process of transition from a predominantly extensive to a predominantly intensive type of economic growth. Intensification of production allows to overcome the restriction on economic growth caused by the supply factors and to obtain a larger volume of products with the same volumes of production resources involved. Due to the limited natural resources the introduction of resource-saving and innovative technologies, including information technologies, is of particular relevance. These production technologies also cover working conditions of staff and contribute to the development of creativity. The role of the state in regulating the economic growth of Kazakhstan also can't be underestimated. It is not easy to measure the economic role of the state. A very rough indicator of the market and the state share in the economy can be the fact, that at present about 4/5 of the national product is provided by the market system, and the rest is produced under the aegis of the state. But, in addition to financing production, the state implements a number of social insurance and social security programs, aiming at redistributing income in the private sector of the economy. Statistics show that taxes and total government spending — on the purchase of goods and services and on social programs — is approximately about 1/3 of the national product. This article summarizes the statistics of economic growth in Kazakhstan, forecasts of international funds, the National Bank of the Republic of Kazakhstan and the Ministry of Economy of the Republic of Kazakhstan. Article takes into account the role of the state and development trends not only in the mining industry, which is the basis for the growth of the Kazakhstan economy, but also new resource-saving, innovative and information technologies, development of transport and logistic infrastructure and adduced the possible economic growth corridor of the republic in the near future.
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