Kazakhstan’s 20 Years of Independence

Kazakhstans 20 Years of Independence When Kazakhstan became mugwump after the collapse of Soviet Union in December 1991, many an(prenominal) experts had predicted the collapse of the Central Asiatic nation under the burden of economic and social problems. But 20 old age since then, the country of over 16 million people has become the largest economy in the Central Asian region due to its enormous oil, gas and uranium reserves and foolhardy market economic reforms and political stability in the nation of cxxx ethnic groups.According to official figures, Kazakhstans GDP per capita grew from $700 in 1994 to more than $9,000 bear year. In fact the reaping was five years ahead of the schedule, and faster than in any other country in the first 20 years of its independence. Kazakhstan held year-long celebrations across the nation to celebrate its success and look towards what needs to be done to maintain the growth curve. The rapid economic and industrial growth of the oil and energy rich nation is attributed to Kazakhstans concerted efforts to create a stable, investor-friendly environment.Despite the 2008 economic downturn, Kazakhstan retained and attracted a remarkable inflow of foreign shoot investment (FDI). Last year, the nation scored among the the top 10 nations attracting FDI in the complete world. According to official figures, the country has attracted $132 billion in FDI in the last 20 years. Officials attribute the reasons to the economic growth to the political stability in the country and some of the bold decisions by President Nursultan Nazarbayev. Nazarbayev moved the enceinte from Almaty to capital of Kazakhstan in December 1997 which has proven to be a circumstantial moment.The new capital has come up as a high-powered centre of a rapidly growing nation and a unexampled 21st century city of some 750,000 people. The model of inter-ethnic relations that has preserve peace and harmony in the ethnically and religiously diverse fellowship of Kazakhstan is another cause for the countries strong growth. On the political front, Kazakhstan is now move towards multi-party democracy with the parliament elections to be conducted in January next year. Kazakhstan was the chair of the plaque for Security and Co-operation in europium (OSCE) in 2010 and hosted the OSCE summit at Astana in December.An Astana Commemorative Declaration was signed, renewing commitment to a better cooperation within the organization of 56 participating states from North America, Europe and Eurasia. In 2011, Kazakhstan also chaired the Shanghai Cooperation Organization, seeking to strengthen it as a critical instrument of promoting multi-faceted cooperation among its six members. And in June, Kazakhstan assumed the one-year brass in the 57-nation Organization of Islamic Cooperation seeking to promote peace, cooperation and development.