Kazakhstan’s GDP Is Growing, but Is Its Economy Transforming?
Former World Bank chief economist Indermit Gill suggested that Kazakhstan should model its economy after California. He believes the country should move beyond its dependence on oil. Instead of relying on government spending and commodity prices, the nation should act like a small, open economy. Gill shared these views during an interview on October 29.
The Astana Times provides news and information from Kazakhstan and around the world. ASTANA — Kazakhstan should think like a small, open economy and look to California’s transformation beyond oil, rather than relying on higher commodity prices and government spending to sustain economic growth, former World Bank chief economist Indermit Gill told The Astana Times on Oct. 29. Gill, who, alongside economist Homi Kharas, coined the widely used… The post Kazakhstan’s GDP Is Growing, but Is Its Economy Transforming? appeared first on The Astana Times .