Economy

Will A Place Called Khorgos-East Gate Become The Next Dubai?

Khorgos GatewayIn the far east of Kazakhstan, right on the Chinese border, in a place that is ringed by mountains and flanked by deserts, a massive new epicenter of trade is rising up from an empty expanse of parched dunes.

Kazakhstan at Twenty-Five: Stable but Tense

astanavKazakhstan is at a political and economic crossroads. The country saw impressive growth from 2000 to 2015 due to high oil prices, but it failed to diversify the economy away from extracting and exporting raw materials. The country’s post-Soviet trajectory has been dominated by one political figure, President Nursultan Nazarbayev, but the government is only now trying to put into place institutional building blocks that could help safeguard stability for the post-Nazarbayev era.

Oil Squeeze: Kazakhstan And Central Asian States Suffer Amid Slowdowns In Russia And China

oilworkAmid the modern and futuristic landscape of Astana, Kazakhstan’s capital, and in the large city of Almaty, something rarely seen has appeared in recent weeks and months: protesters. Kazakhstan’s tenge currency was named the worst performing in the world last year, and if the first few weeks of 2016 are any indication, things are not improving for Central Asia’s largest energy exporter.

Drift and dissent. So much for Nursultan Nazarbayev’s “Kazakh dream”

nazdrimNot long ago it all looked so much better: oil prices were high, the middle classes were growing and the autocrat-father of the state, Nursultan Nazarbayev, presided over 17m grateful subjects. Yet today the situation in Kazakhstan looks more troubling than at any time since the country broke free of the Soviet Union to become, against the odds, Central Asia’s most prosperous state. To many, Mr Nazarbayev’s promise of a “Kazakh dream” now seems like a sick joke.

U.S. Policy Toward Central Asia 3.0

CentralAsiaMapMajor geopolitical shifts and internal dynamics are setting the stage for possible increased great-power competition in Central Asia between Russia and China at a time when the region is becoming less hospitable to the projection of U.S. power and to the promotion of democracy. U.S. policy will need to adapt to these changes in order to bring Washington’s ambitions in Central Asia into better alignment with limited U.S. interests and means.

Kazakhstan’s Ever Shrinking Space for Dissent

nazdipTwo activists were recently jailed for “inciting national discord.”

In Central Asia, Chinese inroads in Russia’s back yard

chkazakhThis is part of an occasional series examining China’s efforts to win friends and clients in Asia and to assert a more dominant role across the continent.

Kazakhstan Looks to Private Equity for Help With Its $93 Billion Cash Pile

astanapoliceKKR & Co. founder Henry Kravis, Blackstone Group LP Chairman Stephen Schwarzman and Carlyle Group co-founder David Rubenstein were among the guests when Kazakhstan President Nursultan Nazarbayev hosted a dinner in New York.

China and Kazakhstan: Roads, Belts, Paths, and Steps

chinkazakhKazakh Prime Minister Karim Massimov made the most of his trip to China this week. While in China Massimov attended the Kazakh-Chinese Business Council (KCBC) in Beijing, where a handful of commercial deals were made. He also met with his Chinese counterpart, Li Keqiang, to settle a variety of bilateral deals.

Kazakhstan, struggling with low oil price, revamps monetary policy

astanavKazakhstan said on Tuesday it would tear up its monetary policy mechanism and come up with a new approach, scrambling to find a coherent response to the sliding world oil prices that have pushed down its national currency.

Central Asian Economies: Thirty Years After Dissolution of the Soviet Union

Central Asian Economies: Thirty Years After Dissolution of the Soviet Union

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Europe’s weak protections for refugees leave Central Asian dissidents at extreme risk

Europe’s weak protections for refugees leave Central Asian dissidents at extreme risk

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Analysis: Central Asian countries need to remain focused on reforms despite new security threats

Analysis: Central Asian countries need to remain focused on reforms despite new security threats

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