Evaluation of export diversification on sustainable growth in Kazakhstan

Abstract

Over the last ten years developing countries have achieved very fast economic growth comparing to the former developed countries and gained the opportunity to vastly widen their export basket. Kazakhstan over the past years is trying to diversify its export as well by becoming a member of international organizations and supporting its exporters by implementing different programs on a state level. Thus, the need for the deep research of Kazakhstan's export opportunity has appeared. The main purpose of the article is to determine the effect of export's diversification on sustainable economic growth and evaluate the potential of the processing field on the example of regions of Kazakhstan. The research has given important results, that is, in 4 regions of Kazakhstan are great opportunities to increase the export of metallurgy, engineering and chemical industry. The results of the study will be useful tool in applying export policies of the regions.