Kazakhstan's Economy since Independence: Does the Oil Boom Offer a Second Chance for Sustainable Development?

  title={Kazakhstan's Economy since Independence: Does the Oil Boom Offer a Second Chance for Sustainable Development?},
  author={Richard Pomfret},
  journal={Europe-Asia Studies},
  pages={859 - 876}
  • R. Pomfret
  • Published 1 September 2005
  • Economics
  • Europe-Asia Studies
KAZAKHSTAN HAS HUGE OIL AND NATURAL GAS RESERVES, rich unmined veins of copper, chrome and aluminium, and substantial gold deposits, as well as enough developed farm and pasture land to feed itself. Yet these resources were poorly utilised during the first decade after the country became independent in late 1991. The inheritance of a weak state with a precarious ethnic balance between Kazakhs and Russians created substantial economic uncertainty. Mass migration during the first half of the… 
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