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\nThe "Evolving" Economy of Kazakhstan | Economics Explained\n

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\n\nPublisher:\n\nEconomics Explained\n\n\n
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\nThis is Kazakhstan, and yes I know what you are all thinking, and yes in the interest of full disclosure we are definitely cashing in on the hype surrounding the second borat, but in fairness so is the nation itself. Even still this...\nThis is Kazakhstan, and yes I know what you are all thinking, and yes in the interest of full disclosure we are definitely cashing in on the hype surrounding the second borat, but in fairness so is the nation itself.

Even still this country is so much more than that with one of the most, hmm let's call it exciting economies in the world.

What was once a mistreated soviet state has now gone onto be the largest and wealthiest economy in central Asia, one that is welcoming foreign trade, international investment, and advanced development of technologies to continue this growth into the future.

On top of this, it is a central member of one of the most interesting, and influential however overlooked trading blocks operating in the world today.

But of course, it has not been without its difficulties, it may very well be the most prosperous nation in central Asia, but central Asia is a rough old neighborhood to be the king of.

What with It being home to some dream destinations like, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan, and also neighboring countries like Pakistan, and Afghanistan.

By the way, a side note is that “stan” when translated from Persian just means a land of. So Kazakhstan kind of just translates to a land of Kazaks, which are the ancestral people of the nation.

Hopefully, that gives some clarity to this rather samey naming scheme in and around this area.

But all of this is to say that Kazakhstan hasn’t and won’t have it easy in its quest to become a properly developed nation but that doesn’t mean that it can’t do it.

So to see what is behind this countries stubborn development we need to look at a few key areas.

What went on under Soviet rule?

What has the country been up to since the collapse?

what is their plan for the future?

Oh, and of course while we are here we have to put the nation on the Economics Explained national leaderboard.\n
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Resource Details

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Media Length
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16:32
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Grade
9th - Higher Ed
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Subjects
Social Studies & History
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Media Type
Instructional Videos
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Source:
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\nEconomics Explained\n\n
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Date
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2020
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Language
English
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Audiences
For Teacher Use
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Fine Print: Educational Use
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natural resources, asia, years, money, industry, work, china, economy, corruption, governments
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the economics of kazakhstan, the economy of kazakhstan, the economics of kazakhstan explained, the economy of kazakhstan explained, kazakhstan economics explained, kazakhstan economics, kazakhstan economy explained, kazakhstan economy, kazakhstan economic policies, how the kazakhstani economy works, kazakhstani economics, kazakhstani economy, kazakhstani economy explained, kazakhstani economics explained, economics explained, economy of kazakhstan, economy explained, soviet rule, caspian sea, oil pipelines, oil wealth, dutch disease, united states, soviet union, central asia, key industries, middle east, industries, pretty, meant, relationship, east, place, region, people, embrace, transition
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