Kazakhstan’s President suggests revising the country’s industrialization policy

Kazakhstan’s President Nursultan Nazarbayev has suggested revising the country’s industrialization policy, Tengrinews.kz reports. “Kazakhstan should optimize its industrialization policy, first of all giving up on withering industries. We have been implementing a national industrialization policy for four years: lots of new enterprises have been launched, with over 1.5 million jobs created. What is worth developing further? We should take a short break and analyze”, President said when speaking at the Eurasia Emerging Markets Forum in Astana September 10. Head of State emphasized that the Government needs to cut down the number of industries of prime importance, focusing on high tech industries such as generation of green energy, robotics, nanotechnology, airspace industry, genetic engineering (…) industries that all developed nations are focused on when approaching the third technological revolution”. Besides, he believes it important to undertake large-scaled efforts to develop the country’s agriculture. The Emerging Markets Forum was created as a not-for-profit initiative to bring together high-level government and corporate leaders from around the world to engage in dialogue on the key economic, financial and social issues facing emerging market countries. The EMF hosts one global meeting and several regional meetings every year. Each meeting is structured around issues that are common to the emerging market economies. The EMF commissions policy experts to write background papers, which provide a starting point for discussion. Participants come from the absolute highest levels of the private and public sectors to engage in open dialogue and implement solutions. The co-Chairmen of the Forum are Michel Camdessus, former Managing Director of the International Monetary Fund, Haruhiko Kuroda, President of the Asian Development Bank, and Fidel V. Ramos, former President of the Philippines. The last Global Meeting of the Emerging Markets Forum was held Oct 14-16, 2012 in Tokyo, Japan.