Adapting to changing times
Kazakhstan is putting new economic plans in place to ride out the current turbulence and prepare for the future.
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REFLECTING changing global realities, Kazakhstan President Nursultan Nazarbayev is putting in place a new economic policy called Nurly Zhol, or Path to the Future, which will put the country in a good position to not only ride out the current turbulence but also prepare for the future.
"The entire world is facing new challenges and threats today. The world economy has still not recovered from consequences of the global financial and economic crisis. The recovery is ongoing at a very slow and uncertain rate, and some countries still are in a decline," Mr Nazarbayev noted in his recent State of the Union address. He added that geopolitical crisis and the sanctions policy of the leading powers also create an additional obstacle for the recovery of the world economy.
Mr Nazarbayev went on to add: "From my experience, I feel that the years to come will become the time of global challenges. The entire architecture of the world will be changing. Not all the countries will be able to get through this complicated stage in a decent way. Only strong states, consolidated peoples will cross this line."
