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...Kazakhstan's for both government and the private sector. We are proud of our longstanding partnership with KIMEP and look forward to working with you in the future.
Since its independence in 1991, Kazakhstan has been in the midst of remarkable transition from communism to free markets. When completed, this transformation could bring Kazakhstan into the global marketplace in a way not seen since Central Asia dominated international trade routes hundreds of years ago.
Today I want to discuss how Kazakhstan can complete its integration into the global system of trade, investment, and communication. This, I believe, is the only road to prosperity in the 21st century. Kazakhstan's current leaders are laying the foundation for its integration into the global economy. It will be the task of your generation to finish the work of building a democratic society that will unleash the full human potential of every citizen of this country. At independence in 1991, Kazakhstan had a promising resource base, from its sizable hydrocarbon reserves to its well-educated workforce. More importantly, though, it had the wisdom to move quickly away from the failed policies of the past.
Kazakhstan's leadership embarked on a new transformational course. In a little over ten years, Kazakhstan implemented a series of broad-based reforms that brought Kazakhstan from planned to a market economy. These reforms include the following:
* Kazakhstan undertook a process of de-monopolization, privatization, debt restructuring, price liberalization, customs reform, and tax restructuring.
* Kazakhstan established a securities and exchange commission, liberalized trade, enacted laws on investment, established a new government procurement process,...
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