Economic- Fossil fuels are very important for the world economy as they take a large percentage of exports. These countries economy are made up of mostly petroleum. That also lessened the risk of inflation and allowed the federal reserve to keep interest rates low. The U. Thanks to greater U. Interestingly enough, the country seen as a manufacturing giant has the largest silver resources in the world and is tenth in oil reserves.
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In the period of globalization today Kazakhstan is known as a competitive and pressing towards to be economically developed country, due to its determination and activeness in the world area of global problems. The world economic forum report on global competitiveness for shows that Kazakhstan is appreciated as ready for competitiveness and it has taken 51 position from ones, which is actually reputable result for such country like Kazakhstan. The country is ahead from Russian Federation. As it is particularly stated in state policy documents, the common goal of education reforms in Kazakhstan is to adapt the education system to global socio-economic environment State Program on Development of Education in the Republic of Kazakhstan for — Kazakhstan is on the way of its transformation to be one of the 50 most competitive countries in the world. Especially, in the United Arab Emirates, tourism has been one of the foregrounded sectors. The UAE has started to diversify their economy, thereby decreasing dependence on fluctuating oil prices ibid,
The economy of Kazakhstan is the largest in Central Asia in both absolute and per capita terms, but the currency saw a sharp depreciation between and It possesses oil reserves as well as minerals and metals. It also has considerable agricultural potential with its vast steppe lands accommodating both livestock and grain production. The mountains in the south are important for apples and walnuts ; both species grow wild there. Kazakhstan 's industrial sector rests on the extraction and processing of these natural resources.
Please join StudyMode to read the full document. Astana is the capital and Almaty Alma-Ata is known as the largest city of the Kazakhstan. Furthermore, Kazakhstan consists of a vast flatland, bordered by a high mountain belt in the southeast.