Factors of investment attractiveness of the East Kazakhstan region
Journal Title: Journal of Economic Research & Business Administration - Year 2023, Vol 145, Issue 3
Abstract
The article discusses the problems of increasing the investment attractiveness of the regions of Kazakhstan. Based on the data of the Bureau of National Statistics of the Agency for Strategic Planning and Reforms of the Republic of Kazakhstan, the indicators of the dynamics of investments in fixed assets in the sectoral, technological and territorial context are analyzed and systematized. In Kazakhstan, there are noticeable imbalances and significant interregional differences in the level of gross regional product per capita. The presence of outsider regions requires an operational solution to the problem of increasing their investment attractiveness. Otherwise, further lagging behind the leading regions may result in negative consequences in the form of increased unemployment, lower incomes of the population, migration of the able–bodied part of the population to more prosperous places of residence. As a result of the analysis of the dynamics and structure of investments among territorial entities, it was found that the East Kazakhstan region, in terms of investments in fixed assets, in terms of their growth weaknesses, opportunities and threats to the investment attractiveness of the East Kazakhstan region were identified. This gave the basis for the characterization of the object under study as a promising region for investment, with significant investment potential with moderate investment risks. Relying on strengths, taking into account the impact of weaknesses and threats, without missing the available opportunities, it is possible to significantly increase the investment attractiveness of the region, attract foreign and domestic investors and thereby ensure financing of investment projects and programs, diversify the economy through the infusion of financial resources, solve the problem of employment and ensure sustainable development of the region. The heterogeneity of the economic development and investment space of Kazakhstan highlights the problem of smoothing interregional disparities and improving the quality of life of the population regardless of the place of residence, which is impossible without attracting investment to each region, developing an investment strategy taking into account local peculiarities.
Authors and Affiliations
T. S. Sokira*, Zh. Zh. Belgibayeva, G. S. Smagulova, A. A. Belgibayev
Keywords
Related Articles
- EP ID EP721932
- DOI 10.26577/be.2023.v145.i3.09
- Views 39
- Downloads 0
SCIENTIFIC JUSTIFICATION FOR THE SPECIFIC APPLICATION OF ESG PRINCIPLES
Achieving sustainable development goals, designated by the UN as a key vector of the world order, has become an important guideline in the development of public administration and big business in recent years. The study...
DECOUPLING ECONOMY FROM NATURAL RESOURCES CONSUMPTION AND ENVIRONMENTAL PRESSURE: ANALYSIS OF KAZAKHSTANI CASE
Economic development has always been associated with a rise in the use of natural resources as well as an increase in environmental degradation. However, responsible production principles suggest the opposite. The ne...
CREATIVE ECONOMY AS A KEY TO SOLVING ECONOMIC ISSUES OF MODERN SOCIETY
The relevance of the development of creative industries, the promotion of the Kazakh creative economy is increasingly gaining its popularity, which is a young, fast-growing economic sector. That is, they are goods and se...
NAVIGATING THE CHALLENGES OF CREATIVE ENTREPRENEURSHIP: INSIGHTS FROM SMES OF KAZAKHSTAN
Creative entrepreneurship is an emerging field that has gained increasing attention in recent years. Kazakhstan has seen a surge in small and medium-sized enterprises (SMEs) operating in the creative secto...
The role of the banking system in the sustainable development of the economy
The article outlines the importance of the banking system in the sustainable development of the economy of the state as a whole. In modern conditions, the issues of sustainable development of com-mercial b...