Kazakhstan, as a country with the oil-export-driven economy, has a danger of facing the oil curse. What policy should the government of Kazakhstan choose in order to prevent the oil curse? This study constructs major symptoms of the resource curse and puts them into analytical framework for an observation of their presence in the process of the oil sector development in Kazakhstan (throughout the period of 1991-2009). The analysis shows that Kazakhstan has an oil-dependent economy and is under the risk of the oil curse. Taking into account successful cases of beating the curse and current...
Kazakhstan, as a country with the oil-export-driven economy, has a danger of facing the oil curse. What policy should the government of Kazakhstan cho...