Rebuilding A Just Economy:Tokayev's Concept and Path of Economic Reforms
After the January events of 2022,the President of Kazakhstan Tokayev,taking into account the new domestic and international situation,initiated the reforms of the"New Kazakhstan",creating the"Second Republic"in the history of Kazakhstan,which provided a direction for the development of the country in the new historical stage.The reforms,with"justice"at its core,addresses the social contradictions to which the population is most responsive,starting with the three main areas of politics,economy and social ideology,and combining institutions,concepts and actions,with the goal of increasing the well-being of the people,improving the level of governance in the country and modernizing Kazakhstan.Tokayev believes that the path of"economy before politics"is no longer viable,and that there is a need to initiate"just economy"reforms with"justice"at its core,based on the concepts of inclusiveness and green development and to reshape the relationships between citizens,businesses and the country.Efforts are scheduled to be stepped up to repatriate illegal assets to the government through anti-monopoly and anti-concentration efforts,to formulate new development programmes and industrial policies,to reduce the gap between the rich and the poor,to unleash the dynamism of society,to create a fair and just environment for development,to increase the resilience of the economy,and to strive to reach a GDP of $ 450 billion by 2029,so as to turn Kazakhstan into a fully self-sufficient and competitive economy.Practice has proved that Tokaev's"just economy"reforms are not a copy of the Western pattern,but rather a path with Kazakh characteristics that meets national conditions.The reforms have achieved certain results and successes,but at the same time they are facing many difficulties.Given the current domestic and international situation,the reforms still require additional time.
Reforms in Kazakhstan"New Kazakhstan"Tokayev"Just Economy"