We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Kazakhstan's Resource Curse: Analyzing and Mitigating the Effects of Oil, Trade Policies, and International Relationships on Kazakhstan - Essay Example

Comments (1)
Summary
The country is heavily dependent on substantial oil exports managed by entrepreneurs from other countries, while many other businesses combined will not meet the need of Kazakhstan for ongoing economic stability and growth in case the price of oil falls for a relatively long period of time. …
Download full paper
GRAB THE BEST PAPER
Kazakhstans Resource Curse: Analyzing and Mitigating the Effects of Oil, Trade Policies, and International Relationships on Kazakhstan
Read TextPreview

Extract of sample
Kazakhstan's Resource Curse: Analyzing and Mitigating the Effects of Oil, Trade Policies, and International Relationships on Kazakhstan

Download file to see previous pages... The danger of socio-political unrest similar to what happened to Egypt, Syria, Nigeria, and Libya has been lingering on. Millions of people will suffer if the nation does nothing but wait for the impact of a resource curse. The popular corruption in government and a decline in the quality of life, once aggravated by poor economic stability in the world that can force oil prices down, thereby lowering the country’s revenue, will result in massive unemployment and great dissatisfaction among millions of laborers. This thesis offers solutions in the light of the need to have foresight, aside from proving that Kazakhstan is indeed on the verge of realizing a resource curse.
Introduction
A.Background and Reason for Choosing the Topic
Many authors have written about natural-resource-rich countries who have suffered as a result of the phenomenon called resource curse. Very recently, Shaffer, Brenda and Ziyadov, Taleh (2012. p.2) wrote as editors of a book containing the results of survey conducted to gather perspectives of nations supplying energy, about the issue of resource curse. They briefly defined it as “the tendency of natural-resource-exporting countries to underperform economically, have nondemocratic governments as well as poor governance, and a higher propensity for involvement in conflicts”.
Two years earlier, Gelman, Vladimir and Marganiya, Otar (2010, pp. 50-51) had bluntly stated that resource wealth results in a curse on democracy. They identified at least six observations capable of clarifying the implications of having this resource curse. Arguments given by scholars included the fact that governments receiving revenues from oil exports tend not to tax or impose light taxes only. As a result, the people will not demand accountability from the government officials or the government as a whole. "Taxation issues are one of the most important incentives for citizens to participate in politics; thus, the interest of individual involvement in politics and as an influence on the political process declines in oil states." (p.51) The 2nd reason involves the ability of the authoritarian rulers to pacify the people with "increase in social payments, pensions, and benefits, and thus buy the political loyalty of citizens" (p.51) A 3rd observation follows the 2nd in the sense that these rulers will then avoid transparency of their way of governing and developing the people and the country’s economy. In order to secure themselves in power, a 4th scenario showed that much wealth is diverted towards police or military forces that will ensure the ruler's control over government even if force or coercion has to be utilized. And 5th, with the use of ...Download file to see next pagesRead More
Comments (1)
Click to create a comment
ur
uryan added comment 3 months ago
Student rated this paper as
Perfect work done on the "Kazakhstan's Resource Curse: Analyzing and Mitigating the Effects of Oil, Trade Policies, and International Relationships on Kazakhstan.". I think it is the best sample I have seen so far.
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Relationships in Trade
On the contrary to the policy of laissez-faire, protectionism has been always traditional to the economy of the USA, being advocated during most time of the American history. Lately the meetings of G20 countries have been finalized with conclusions to decline protectionism, emphasizing its destructive influence.
2 Pages(500 words)Essay
Effects of Trade Protection Policies: Employment Context
These political aspects often complicate decisions that ought to focus more on economic considerations and realities. Trade protection polices have not been proven to increase jobs or to preserve jobs in the long-run; at best, trade protection policies have been shown to protect jobs simply in the short run and to cause several negative side effects.
3 Pages(750 words)Essay
SWOT analysis of country Kazakhstan
The main predicament, which is always confronted by the nation, is that of logistics. There was a time when supplies had to be brought hundreds of miles and, at the time these early entrepreneurs were developing operations, transport within the country was restricted to camels, horses and one navigable river in the northeast.
3 Pages(750 words)Essay
INTERNATIONAL TRADE
The Organization for Economic Co-operation and Development (OECD) countries, in all these years experienced a good amount of rise in their trade volume, share mounting from 12.5 percent to 18.6 percent
8 Pages(2000 words)Essay
Relationships in trade
Free trade can be defined as an approach toward international trade which neither restricts nor encourages the trade activities between the buyers and
3 Pages(750 words)Essay
Exchange rate regime in Kazakhstan
mitted to Kazakhstan through channels which include, "lost competitiveness, shrinking bilateral and global markets, terms of trade shocks and shifting foreign direct investments"(Ohno and Zhakparova, 1999, p.1).With the adoption of floating regime, temporary non-market steps
8 Pages(2000 words)Essay
Is OIL a Resource Curse
One of the challenges is heavy reliance on oil. Moreover, the resource creates only limited jobs and inflates exchange rates of the source country. On the other hand, the resource gives the state
1 Pages(250 words)Essay
International trade
Also being Russia’s largest oil company, it controls above 19 per cent of Russia’s total oil production and processing and has more than 120,000 people as part of its
4 Pages(1000 words)Essay
Republic of Kazakhstan
The Constitution of the Republic of Kazakhstan contemplates a democratic, legal, and secular state that respects the basic freedom and rights of all individuals. With a population of over 17 million and a per capita GDP of $12,843, the republic is progressing well socio-economically, particularly considering that it is the world’s largest landlocked country.
6 Pages(1500 words)Essay
Effects of International Trade Barriers
This essay mainly focuses on determining the effectiveness of utilization of different kinds of trade barriers. It also aims to identify reasons behind practices, directed on the restriction or prevention of trade, on the part of the governments. Despite all the benefits, that free trade brings, it is not completely accepted by all countries.
6 Pages(1500 words)Essay
Let us find you another Essay on topic Kazakhstan's Resource Curse: Analyzing and Mitigating the Effects of Oil, Trade Policies, and International Relationships on Kazakhstan for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us