f the Republic) This creative process will afford us great opportunities, which the people of Kazakhstan merit for sure, but we are also going to face great challenges, which I’m sure the people of our country will rise to.
One of the greatest opportunities that lie ahead and will directly result in people’s prosperity is the development of an independent republican economy based on the market principles. Kazakhstan is abound with natural resources – uranium, chromium, copper, coal, iron, oil and natural gas (International Crisis Group, r.133) – which, if managed properly, could provide a steady inflow of foreign currency and thus, along with our wheat, textiles, and livestock exports, to predetermine our success in the economic field. As to which way is the proper one such wealth to be managed, I vote for profit-orientated management, but with strong regard for the national interest. In that connection, what we need is to attract large foreign investments into the national economy, under strict governmental supervision, as well as to help the formation and growth of domestic private capital. Therefore, we are going to face some of the greatest ever challenges. First and most important is the matter of stepping out of the centralized economical structure of the former Soviet Union, which matter should be carried to its logical conclusion with perseverance, as well as with a certain dose of cautiousness – in order to be minimized the shock for the Republic’s economy, hence to protect the living standard of the people against collapse. In that train of thoughts, as major obstacles ought to be mentioned our exports’ exclusive dependence on trade partners within the ex-Soviet Union, the vast distances between Kazakhstan’s coalfields and the European industrial centers, the existing infrastructural deficiencies, etc.
Second and not less important is the process of privatization of many industries hitherto owned by the state. The correct manner of ...
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