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Kazakhstan’s Emerging Economy

Between State and Market


Roman Vakulchuk

Kazakhstan has become a successful market reformer under the leadership of President Nursultan Nazarbayev. But what type of a market economy has emerged in the country since 1991? This book focuses on Kazakhstan’s transition path, examines the role of the state in steering economic processes, and analyses the state – business interaction. The Varieties of Capitalism approach and a core – periphery analytical framework are applied to classify the evolving model of capitalist economy in the country in detail. The research design is based on a qualitative cross-sectional interview study, where 159 semi-structured interviews were conducted. This study makes an innovative contribution to the scholarly literature on the economic and institutional transition of Kazakhstan.
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I would like to take this opportunity to express my deepest gratitude to my academic advisors, Prof. Dr Joachim Ahrens, Prof. Dr Margrit Schreier, Prof. Dr Welf Werner, for exemplary guidance and advice, understanding, patience and continuous encouragement throughout the course of my studies. I have been unbelievably fortunate to have these three academic advisors who have motivated me, while also setting high academic standards.

I wish to thank Dr Joachim Ahrens, who was always there to listen and give insightful advice and inspiration. He showed me the importance of being able and willing to listen to advice and also think independently.

I am deeply grateful to Dr Margrit Schreier for invaluable advice, constructive criticisms, thorough and very helpful revisions of my methodological chapter throughout my studies.

And to Dr Welf Werner I am truly indebted and grateful for his encouragement, practical advice and thought-provoking criticisms, helpful insights and enriching research ideas.

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