Journal of Global Economics

Developing Export Potential in Kazakhstan: An Overview of Key Theories and Recommendations for Policy Development

Abstract

Achilov N

For many decades, Kazakhstan has known as a main oil exporter. A key challenge is to develop its new exportoriented industries to avoid its dependence on oil resources. Examining the previous theories, the article aims to show the main ideas and concepts for developing export-oriented economy of Kazakhstan effectively. In the period of building new markets and facing barriers for increasing export potential, the study discusses and provides ideas on how to overcome present circumstances. As a result, it recommends focusing on new export-oriented industries and building new export policy as measures to improve export potential of Kazakhstan.