Investments in the digital silk road

Ambalov, V. and Heim, I. ORCID: https://orcid.org/0000-0003-3023-4839 (2020) Investments in the digital silk road. In: Heim, I. (ed.) Kazakhstan’s Diversification from the Natural Resource Sector: Strategic and Economic Opportunities:. Palgrave, Basingstoke, pp. 111-149. ISBN 9783030373887 doi: 10.1007/978-3-030-37389-4

Abstract/Summary

This chapter discusses opportunities for the new digital economy, a strategically important factor of the economic growth for contributing to the Central Asia Digital Silk Road concept. Focusing on new opportunities for international cooperation, including the development of digital technologies, the chapter also draws attention to the fact that technology advancement causes changes in the economic system which may result in digital inequality. It argues that the O&G industry can become a key driver of growth and development and could potentially boost competitiveness across all sectors. The authors consider a set of public policies in ICT-related sectors in Kazakhstan. These policies are focusing on diversification from the O&G sector, supporting domestic companies and research, encouraging export-oriented projects, and pushing companies to join international initiatives.