Prospects For Sustainable Development Of Kazakhstan To Ensure An Innovative Economy


The article presents the results of studies on the directions of economic development of Kazakhstan and the development of a set of measures, the implementation of which will allow building a coherent system of measures to create a favorable investment climate for business development. Kazakhstan is very close to the upper border of middle-income countries. As part of the work, the key problems of the development of the real sector of the economy and entrepreneurship, as well as investment policy, were analyzed. The main stages of economic development of Kazakhstan are highlighted and analyzed. The most significant results and difficulties in matters of further improving the business environment, attracting high-quality investments have been identified. Today, the Republic is successfully implementing state programs which aim to create conditions for the transition to the fourth industrial revolution. The focus on innovative development remains important and mandatory for achieving the goals set in the program documents. To achieve these goals, the most significant tasks for Kazakhstan were identified, aimed at implementing a set of measures to introduce new technologies, attract strategic investors, improve the qualifications of Kazakhstani specialists, and also, in order to develop entrepreneurship, it is necessary to launch a new cycle of business activity, adopt systemic and effective measures to stimulate the development of entrepreneurial activity. Systemic support measures are needed for each investor based on priority and potential effect on the economy as a whole.

The article is not prepared yet for the html view. Check back soon.

Copyright information

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

About this article

Publication Date

29 November 2021

eBook ISBN



European Publisher



Print ISBN (optional)


Edition Number

1st Edition




Cultural development, technological development, socio-political transformations, globalization

Cite this article as:

Magrupova, Z. M., Tazhibekova, K. B., Shametova, A. A., & Abdraimova, K. K. (2021). Prospects For Sustainable Development Of Kazakhstan To Ensure An Innovative Economy. In D. K. Bataev, S. A. Gapurov, A. D. Osmaev, V. K. Akaev, L. M. Idigova, M. R. Ovhadov, A. R. Salgiriev, & M. M. Betilmerzaeva (Eds.), Social and Cultural Transformations in The Context of Modern Globalism, vol 117. European Proceedings of Social and Behavioural Sciences (pp. 1406-1413). European Publisher.