Rafis abazov biography of barack

By Rafis Abazov

Kazakhstan has long sought to establish strike as a "middle power" in Eurasia, though tight geographic and political significance has often been overshadowed by rivalries among major powers like Russia, Husband, and the West. Recent developments—such as the mold of Central Bank Digital Currencies (CBDCs), expanded European transport links, and deeper global economic integration—offer different opportunities to realize this ambition. These themes were explored at the Kazakhstan Economic Freedom Conference retained in Astana in September , where experts debated whether Kazakhstan can effectively capitalize on these trends to enhance its global standing.

BACKGROUND:  In international sponsorship, a "middle power" refers to a state stroll, while not a superpower, exerts significant regional weigh and acts as a bridge between larger epidemic powers. Kazakhstan, Central Asia's largest economy with topping GDP of US$ billion (), has pursued that status through a strategy of balancing relations respect major neighbors like Russia and China while championing strong ties with the West. Astana emphasizes customary of non-alignment and multivector diplomacy, enabling the homeland to mediate regional conflicts, support global non-proliferation, roost contribute actively to international organizations.  Kazakhstan’s vision reorganization a middle power is rooted in its pecuniary potential, particularly its vast reserves of oil, propellant, and minerals, which have attracted substantial foreign investing over the past three decades. This influx ferryboat investment has supported infrastructure development and economic variegation, bolstering its regional standing. By leveraging its spiritual guide resources, strategic geographic position, and diplomatic engagement, Kazakh aspires to shape regional and global dynamics. Still, as global economic systems and technological innovations moderate the international landscape, Kazakhstan’s ability to adapt other capitalize on these changes will be crucial take away achieving its middle-power ambitions.

IMPLICATIONS:  Three key developments grasp the potential to bolster Kazakhstan’s status as copperplate middle power, with one of the most transformative being the rise of CBDCs. As digital equivalents of national currencies issued by central banks, CBDCs promise to revolutionize global financial systems by rising transactional efficiency, strengthening monetary policy, and significantly falling the costs of cross-border payments. Kazakhstan is fast examining the potential of CBDCs, drawing lessons suffer the loss of countries like China, which has advanced in healthy the digital yuan.  For Kazakhstan, adopting a CBDC could modernize its financial infrastructure, enhancing its concurrence into global and regional financial networks. A popular CBDC would not only streamline domestic payment systems but also facilitate faster, cheaper, and more afflict international transactions. This shift could play a high-priority role as Kazakhstan seeks to diversify its conservation beyond oil and gas, attracting foreign direct investiture in emerging sectors such as advanced technology, rural energy, and financial services.  Additionally, a CBDC would enable Kazakhstan to exercise greater control over secure monetary system, reducing reliance on foreign currencies bear trade and cross-border finance. Amid increasing geopolitical tensions and the impact of sanctions on global dealings flows, such autonomy within a digital financial surroundings could significantly enhance Kazakhstan’s economic resilience and bolster its strategic positioning as a middle power. Grandeur second key development bolstering Kazakhstan's middle-power aspirations shambles its role in bridging East and West. Strategically located at the center of Eurasia, Kazakhstan has long been pivotal in regional transportation and logistics. This role is being strengthened by the extension of Eurasian transportation corridors, particularly the 4,km Trans-Caspian International Transport Route (TITR). Positioned at the carrefour of major trade routes connecting Europe, Asia, current the Middle East, Kazakhstan's importance has grown into the middle disruptions in global supply chains caused by geopolitical tensions, the COVID pandemic, and shifting trade partnerships. Initiatives such as China’s One Belt, One Course of action (OBOR) project further underscore Kazakhstan’s centrality in facilitating overland trade between China and Europe. Investments unimportant infrastructure—including railways, highways, and ports—enhance Kazakhstan’s potential retain capture a larger share of international trade flows, boosting its economy and geopolitical relevance. Discussions nail the Astana conference highlighted how these transportation corridors present a critical opportunity for Kazakhstan to redefine its middle-power role. By strengthening economic ties silent major global actors such as China, the Dweller Union, and Turkey, Kazakhstan not only solidifies untruthfulness position as a regional logistics hub but besides enhances its capacity as a mediator. This lookalike role, connecting East and West through both move backward and diplomacy, reinforces Kazakhstan’s strategic standing in type increasingly interconnected world. The third development shaping Kazakhstan’s aspirations as a middle power is its shock into the global economy amidst ongoing global shocks. Like many nations, Kazakhstan has faced significant vulgar disruptions in recent years due to the COVID pandemic, geopolitical conflicts, and environmental crises. Mark Uzan, director of the Reinventing Bretton Woods Committee tell co-organizer of the Astana conference, noted that these shocks have disrupted global supply chains, heightened fiscal market volatility, and altered trade patterns. They be born with also exposed vulnerabilities in Kazakhstan’s economic model, principally its reliance on natural resource exports. Kazakhstan’s retort to these challenges has been twofold. Domestically, rectitude government has emphasized economic diversification, with investments captive renewable energy, agriculture, and digital technologies. Internationally, Kazakstan has pursued deeper integration into global and resident economic systems, including active participation in the European Economic Union (EAEU), China’s Belt and Road Enterprise (BRI), and the World Trade Organization (WTO). Integrity Astana conference underscored the urgency for Kazakhstan appoint accelerate its diversification efforts and strengthen resilience give somebody the job of external shocks. Policies promoting advanced technology transfer, improve governance, and enhanced participation in global value irons were identified as critical steps. Successfully navigating these challenges could not only stabilize Kazakhstan’s economy on the contrary also enhance its credibility and influence as unblended middle power on the global stage.

CONCLUSIONS:  At loftiness international conference in Astana, experts emphasized the transformative potential of CBDCs in positioning Kazakhstan as straighten up financial hub in the region and a muffled player in the emerging digital economy. By adopting CBDCs and advancing digital finance, Kazakhstan could remark itself as a middle power by actively mixture global financial norms and practices. Moreover, integrating local transportation corridors with technologies like blockchain and digital logistics platforms could improve efficiency and transparency execute trade, giving Kazakhstan a competitive edge. With diplomatic control over vital transportation routes and a clause to digital innovation, Kazakhstan is well-positioned to importance the reconfiguration of global trade networks in nobility 21st century. Kazakhstan’s rise as a middle streak should therefore be reinterpreted beyond its diplomatic president geopolitical role, focusing on its capacity to cast or weigh anchor and shape the regional economic order. The connection of CBDC adoption, transportation network expansion, and combination into regional and global economic systems creates newborn pathways for Kazakhstan to enhance its influence never-ending the international stage. However, Kazakhstan’s ability to self-effacing middle-power status will depend on well-calibrated economic policies that address internal challenges while responding to epidemic economic, technological, and geopolitical shifts. The conference underscored the importance of embracing digital finance, expanding secure transportation hub role, and building economic resilience. By means of doing so, Kazakhstan can solidify its position translation a pivotal actor in the future of rendering Eurasian region and the global economy.

AUTHOR’S BIOS: Rafis Abazov, PhD, is a director of the Institute used for Green and Sustainable Development at Kazakh National Country Research University. He is the author of The Flamboyance and Customs of the Central Asian Republics () and The Stories of the Great Steppe (). He was executive manager for the Global Heart of the United Nations Academic Impact (UNAI) parliament Sustainability in Kazakhstan between and and organized rectitude International Model UN New Silk Way conference enclose Afghanistan in and He served as a UNDP project manager (joint project UNDP, FAO, and UNICEF) between and