Strong private sector to deliver prosperity in Kazakhstan - American expert
President Nazarbayev's State of the Nation Address reaffirmed the importance of a strong private sector to deliver growth and prosperity in Kazakhstan. The Address provided further reinforcement of the "Business Roadmap 2020" and the "100 Key Steps" - particularly the economic and public sector reforms," Witt told.
Since independence, Kazakhstan has grown stronger and more prosperous by continuously improving its investment climate, most importantly, strongly supporting property rights and reducing the role of the state in the economy," he noted.
The President's comments about the people's dissatisfaction with the education system reinforced that the Nazarbayev University-essentially a foreign-like university operating in Kazakhstan is the model for the future. Like the AIFC, this model should be rolled out nation-wide," he said.
While I strongly argue for a lesser role for the state in the Kazakhstan economy, there is a necessity for more state spending in the social sphere: education and health care," Witt pointed out.
It's not enough, it's not as simple as throwing money at these issues. The reform plans must be carefully managed, executed well, and evaluated with international benchmarks," he said in conclusion.
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