Economy, business and services

No. 3 (24) - 2024 / 2024-09-30 / Number of views: 85

INDUSTRIAL AND INNOVATIVE DEVELOPMENT: CHALLENGES AND PROSPECTS FOR KAZAKHSTAN

Authors

  • A.S. Baktymbet
  • S.S. Baktymbet
  • M.M. Idrisov
  • А. Serikkyzy

Keywords

industrial development, innovative strategies, manufacturing challenges, economy growth, risks, prospects

Link to DOI:

https://doi.org/10.58805/kazutb.v.3.24-568

How to quote

Baktymbet, A., S. Baktymbet, M. Idrisov, and Serikkyzy А. “INDUSTRIAL AND INNOVATIVE DEVELOPMENT: CHALLENGES AND PROSPECTS FOR KAZAKHSTAN”. Vestnik KazUTB, vol. 3, no. 24, Sept. 2024, doi:10.58805/kazutb.v.3.24-568.

Abstract

This paper explores the dynamics of industrial and innovative development with a focus on Kazakhstan. It begins by examining the principles guiding industrial and innovative strategies in foreign countries, setting a comparative backdrop. The analysis then shifts to Kazakhstan, detailing the major challenges confronting its manufacturing industry, including structural inefficiencies and market constraints. Further, the paper delves into the complexities and risks within Kazakhstan's oil and gas sector, highlighting both the obstacles and potential growth areas. Finally, it assesses the prospects and threats facing the country’s mining and metallurgical complex, offering insights into future trends and strategic recommendations. This comprehensive review provides a nuanced understanding of Kazakhstan's industrial landscape and offers a framework for navigating its evolving economic environment.