The Kazakhstan Economy 2008. A Year When Dreams do not Come True?
The current liquidity and solvency crisis, high inflation rate and economic slowdown suggest that the next few years will be a period of full-scale risk management. I use the term ‘full-scale’ because in the light of global instability, the countries that are efficient in overcoming economic, institutional and political risks will have the greatest competitive advantage. The participants of the 4th International Risk-Management Conference, which was organised by Eurasia Insurance Company, presented their views on the possible solutions to the problem. This article deals with the opinions of just three of these: the Russian economists Yegor Gaidar and Aleksandr Illarionov and the Kazakhstani political scientist Dosym Satpayev, whose speeches we found to be the most interesting and relevant.