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This study examines the issue of the modernization of the Kazakh financial system considering the new, Enhanced Partnership and Cooperation Agreement with the European Union (EU) (January 19, 2015) and the Kazakh State program "Path to Europe, 2009-2011". It describes new opportunities for the...
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inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main … finding is that financial development contributes to reducing inequality up to a point, but as financial development proceeds … further, it contributes to greater inequality. We also find that when the ratio of primary schooling to total schooling …
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