How More Economic Freedom Will Attract Investment to Kazakhstan and Central Asia

Date: 06-26-2012 | Category: Energy Security, Europe, Russia and Eurasia

Central Asia, especially Kazakhstan—rich in oil and gas, and the world’s largest landlocked country—is the focus of many Fortune 500 companies seeking new business development and market penetration in emerging economies. In the 2012 edition of the Index of Economic Freedom, Kazakhstan’s economy ranks as the 65th-freest in the world. Kazakhstan ranks higher than all other Central Asian countries, and its overall score is higher than the world average in general, and Russia in particular (place 144). There remains much room for improvement—which Kazakhstan can achieve if it pursues additional market-oriented reforms, the rule of law, government transparency, tougher anti-corruption laws, and counterterrorism measures.

By Ariel Cohen and James M. Roberts The Heritage Foundation, June 26, 2012

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