A structural approach to diversification of the emerging economy of Kazakhstan

This paper investigates the strategic role of Kazakhstan's development institutions in programmes for economic diversification, based on the state target of strengthening national competitiveness. The author analyses the primary challenge for the state from the long-term perspective: mechanisms for increasing the country's competitiveness and expanding the benefits of growth, while avoiding the economic and social risks typically associated with oil wealth. Kazakhstan's institutional approaches towards sustainable market development are examined in the paper, presenting one of the unique contemporary economic policies in achieving the national competitiveness.