“Cast your mind back to another world”
As we reach the 20th anniversary of the fall of communism, Larry Sherwin reflects on the events of 1989
It was Russian business executive Alexei Mordashov who put it succinctly, jarring my own memory of the bad old days. At the Bank’s 2007 Business Forum in Kazan, he reminded the audience just how much had changed in Russia in a mere 20 years as he recounted the story of a…
Kazakhstan’s industrial policy: between pipedream and pipelines?
Can something good come out of the crisis? Perhaps. Kazakhstan – battered by a sudden stop in bank funding and a lower oil price – recently announced updated industrialisation plans that seem more realistic than earlier versions. The stated goal is still to advance economic diversification and reduce the country’s dependence on oil. But with less oil money floating around, the government seems to have put its feet back on
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