| ID | 127623 |
| Title Proper | Influence of the shadow economy on the financial and economic development of Kazakhstan |
| Language | ENG |
| Author | Laumulin, Murat |
| Publication | 2013. |
| Summary / Abstract (Note) | This article examines the phenomenon of the shadow (hidden) economy and its influence on Kazakhstan's financial and economic development and security. The republic's statistical bodies often use the term "non-observed economy," which implies hidden, unaccounted, informal, and illegal economic activity. Non-observed economic activity includes the production of goods and services, as well as the illegal redistribution of revenue and assets. Based on how widespread shadow and corruption processes are and on the current level of Kazakhstan's economic development, it can be concluded that when pursuing a policy to combat the shadow economy, attention should be placed not so much on reducing its scope as on raising the efficiency of the entire governance system. Furthermore, the state should play a leading role in managing socioeconomic processes. |
| `In' analytical Note | Central Asia and the Caucasus Vol. 14, No.1; 2013: p.157-167 |
| Journal Source | Central Asia and the Caucasus Vol. 14, No.1; 2013: p.157-167 |
| Key Words | Kazakhstan ; Shadow Economy ; Economic Security ; Corruption ; Trade ; Markets |