Diversification of the economy of Kazakhstan: problems, opportunities and prospects

The study is devoted to the analysis of problems and opportunities for diversifying the economy of Kazakhstan, with the aim of reducing its dependence on oil revenues. In the context of global economic changes and fluctuations in hydrocarbon prices, strategic diversification is a key aspect to ensure the sustainable development of the country. The research methodology covers quantitative and qualitative analysis of the current state of the economy, and also includes modeling of various development scenarios based on potential changes in the global economy and the oil market. The analysis shows that diversification can significantly increase the economic stability of Kazakhstan, reducing the risks associated with fluctuations in world oil prices. An important role in the diversification process is played by strengthening the institutional environment and developing a private sector capable of introducing innovations and improving the competitiveness of the economy. The results of the study offer concrete recommendations for the formation of policies that could promote greater inclusion of various sectors of the economy in the processes of innovative development and export activities, which, in turn, will reduce dependence on oil revenues and contribute to long-term economic growth.

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