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Kazakhstan can enter top 30 competitive countries by 2035

26 May 2015 [17:42] - TODAY.AZ

/By AzerNews/

By Aynur Karimova

Kazakhstan can be listed among top 30 most competitive countries in the world by 2035.

This remark was made by Aydin Kulseitov, the chairman of the board of Kazakhstan Industry Development Institute Joint Stock Company, who was addressing a conference on Kazakhstan's industrialization on May 26.

"According to our calculations, we can enter the top 30 most competitive [countries] in the manufacturing sector by 2035, if the ideology of industrialization will indeed become the national idea," he said.

He also noted that the implementation of the state program on the forced industrial-innovative development of the country is accompanied by a number of myths, one of which related to whether or not this program will carry an immediate impact.

"There are several myths, but the most frequent is that the program should bring us to the level of Germany, Japan and South Korea in five years," Kulseitov said. "It is clear that this is really unprofessional judgments based on inflated expectations. The president clearly indicated in his message that 2050 is our real term expectation for entering the list of top 30 most developed countries in the world - alongside Germany, Japan and Singapore. But it should be clearly understood that the manufacturing industry is at the forefront of this economic policy, so it has a special role," he concluded.

In January 2014, Kazakh President Nursultan Nazarbayev revealed a plan to enter the list of top 30 most developed world countries.

He said he aims to increase the GDP volume rate by 4.5 times per capita from $13,000 to $60, 000. Under the plan labor productivity is expected to increase fivefold by 2050.

"It is important to reduce the energy intensity of gross domestic product twofold. Small and medium businesses will produce at least 50 percent of Kazakhstan's GDP volume instead of the current 20 percent by 2050. Labor productivity is expected to increase fivefold from the current $24,500 to $126,000."

The middle class share will be predominant in the country. The number of urban dwellers will rise to 70 percent of the total population. Cities will connect quality roads and high-speed routes of all modes of transport.

Great attention will be paid to the development of medicine which will be aimed at increasing life expectancy up to 80 years old and more.

With key priorities in maintaining macroeconomic and financial stability, sustainable economic growth, and social modernization of society, Kazakhstan ranked 50 among 189 countries in the World Bank's 'Doing Business-2014' rating as well, leaving most of the CIS countries behind.

URL: http://www.today.az/news/regions/141010.html

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