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Astana Economic Forum
The Astana International Forum (AIF) is an international and regional wikt:platform#Noun, platform for dialogue and a non-profit organization headquartered in Astana, Kazakhstan. Previously called the Astana Economic Forum, it has been supported by the Government of Kazakhstan since 2008. The name change reflects the broader range of topics discussed at the organization's annual forum, such as climate change, geopolitics, food and energy security and is intended to draw attendees from around the world. The annual Forum is organized under the auspices of the Government of Kazakhstan, which includes the Economic Research Institute, Ministry of National Economy and Ministry of Foreign Affairs. The event is held each year in Astana; more than eight thousand delegates take part from one hundred countries: they include chief executive officers, politicians, journalists, scientists and Nobel Prize laureates. History The Astana International Forum traces its roots to a proposal for a s ...
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Astana
Astana is the capital city of Kazakhstan. With a population of 1,423,726 within the city limits, it is the second-largest in the country after Almaty, which had been the capital until 1997. The city lies on the banks of the Ishim (river), Ishim River in the north-central part of Kazakhstan, within the Akmola Region, though administered as a city with special status separately from the rest of the region. Initially founded as Akmoly in 1830, the city was later renamed Akmolinsk, Tselinograd, and Akmola before adopting the name ''Astana'' in 1998, which means "capital city" in Kazakh. In 2019, the city briefly adopted the name Nur-Sultan in honor of former president Nursultan Nazarbayev, but it returned to the name ''Astana'' in 2022. Astana’s history is marked by rapid growth, especially after becoming the capital. Its transformation into a modern and planned city was guided by a master plan designed by Japanese architect Kisho Kurokawa. Today, Astana is known for its futuristi ...
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Samruk-Kazyna
Joint-stock company «Sovereign Wealth Fund «Samruk-Kazyna» (, ), officially known as the National Welfare Fund "Samruk-Kazyna" (), is a sovereign wealth fund and joint stock company in Kazakhstan which owns, either in whole or in part, a number of major companies in the country. This includes the national rail and postal service, the state oil and gas company KazMunayGas, the state uranium company Kazatomprom, the Kazakhstani flag carrier Air Astana, and others. The state is the sole shareholder of the fund. History It was created in October 2008 with the merger of two funds, "Samruk" and "Kazyna", by decree of the president of Kazakhstan, Nursultan Nazarbayev. The current chairman of the board of directors is Olzhas Bektenov. Previously, then-Prime Minister Bakhytzhan Sagintayev served as chairman and Umirzak Shukeyev as chief executive officer and chairman. Independent directors include Sir Richard Harry Evans, Alper Akdeniz, Wilhelm Bender. President Nursultan Naza ...
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Economic Security
Economic security or financial security is the condition of having stable income or other resources to support a standard of living now and in the foreseeable future. It includes: * probable continued solvency * predictability of the future cash flow of a person or other economic entity, such as a country * employment security or job security Without such security, people may experience its opposite: economic insecurity and resulting economic anxiety. Financial security more often refers to individual and family money management and savings. Economic security tends to include the broader effect of a society's production levels and monetary support for non-working citizens. Components of individual economic security In the United States, children's economic security is indicated by the income level and employment security of their families or organizations. Economic security of people over 50 years old is based on Social Security benefits, pensions and savings, earnings a ...
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Economic Stability
Economic stability is the absence of excessive fluctuations in the macroeconomy. An economy with fairly constant output growth and low and stable inflation would be considered economically stable. An economy with frequent large recessions, a pronounced business cycle, very high or variable inflation, or frequent financial crises would be considered economically unstable. Measures Real macroeconomic output can be decomposed into a trend and a cyclical part, where the variance of the cyclical series derived from the filtering technique (e.g., the band-pass filter, or the most commonly used Hodrick–Prescott filter) serves as the primary measure of departure from economic stability. A simple method of decomposition involves regressing real output on the variable "time", or on a polynomial in the time variable, and labeling the predicted levels of output as the trend and the residuals as the cyclical portion. Another approach is to model real output as difference stationary wit ...
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Modern Economics
Economics () is a behavioral science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyses what is viewed as basic elements within economies, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyses economies as systems where production, distribution, consumption, savings, and investment expenditure interact; and the factors of production affecting them, such as: labour, capital, land, and enterprise, inflation, economic growth, and public policies that impact these elements. It also seeks to analyse and describe the global economy. Other broad distinctions within economics include those between positive economics, describing "what is", and normative economics, advocating "what o ...
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European Economic Community
The European Economic Community (EEC) was a regional organisation created by the Treaty of Rome of 1957,Today the largely rewritten treaty continues in force as the ''Treaty on the functioning of the European Union'', as renamed by the Lisbon Treaty. aiming to foster economic integration among its member states. It was subsequently renamed the European Community (EC) upon becoming integrated into the Three pillars of the European Union, first pillar of the newly formed European Union (EU) in 1993. In the popular language, the singular ''European Community'' was sometimes inaccurately used in the wider sense of the plural ''European Communities'', in spite of the latter designation covering all the three constituent entities of the first pillar. The EEC was also known as the European Common Market (ECM) in the English-speaking countries, and sometimes referred to as the European Community even before it was officially renamed as such in 1993. In 2009, the EC formally ceased to ...
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International Union Of Economists
The International Union of Economists (IUE) is a non-governmental organization that promotes global economic progress. The IUE is composed of economists and other representatives from 48 countries around the world. Headquartered in Moscow, Russia, the IUE was established in 1991 and received general consultative status with the United Nations Economic and Social Council in 1999. The organization is affiliated with UNESCO and the United Nations Conference on Trade and Development, and receives support from the Russian government The Russian Government () or fully titled the Government of the Russian Federation () is the highest federal executive governmental body of the Russian Federation. It is accountable to the president of the Russian Federation and controlled by .... References External links * 1991 establishments in Russia Economics organizations Organizations based in Moscow {{Nongov-org-stub ...
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Eurasia
Eurasia ( , ) is a continental area on Earth, comprising all of Europe and Asia. According to some geographers, Physical geography, physiographically, Eurasia is a single supercontinent. The concept of Europe and Asia as distinct continents dates back to classical antiquity, antiquity, but their borders have historically been subject to change. For example, the ancient Greeks originally included Africa in Asia but classified Europe as separate land. Eurasia is connected to Africa at the Suez Canal, and the two are sometimes combined to describe the largest contiguous landmass on Earth, Afro-Eurasia. History Eurasia has been the host of many ancient civilizations, including those based in Mesopotamia, Egypt, the Indus Valley and China. In the Axial Age (mid-first millennium BCE), a continuous belt of civilizations stretched through the Eurasian Subtropics, subtropical zone from the Atlantic to the Pacific. This belt became the mainstream of world history for two millennia. ...
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Competition (companies)
In economics, competition is a scenario where different economic firmsThis article follows the general economic convention of referring to all actors as firms; examples in include individuals and brands or divisions within the same (legal) firm. are in contention to obtain goods that are limited by varying the elements of the marketing mix: price, product, promotion and place. In classical economic thought, competition causes commercial firms to develop new products, services and technologies, which would give consumers greater selection and better products. The greater the selection of a good is in the market, the lower prices for the products typically are, compared to what the price would be if there was no competition (monopoly) or little competition (oligopoly). The level of competition that exists within the market is dependent on a variety of factors both on the firm/ seller side; the number of firms, barriers to entry, information, and availability/ accessibility of re ...
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Regulatory Economics
Regulatory economics is the application of law by government or regulatory agencies for various economics-related purposes, including remedying market failure, protecting the environment and economic management. Regulation Regulation is generally defined as legislation imposed by a government on individuals and private sector firms in order to regulate and modify economic behaviors. Conflict can occur between public services and commercial procedures (e.g. maximizing profit), the interests of the people using these services (see market failure), and also the interests of those not directly involved in transactions ( externalities). Most governments, therefore, have some form of control or regulation to manage these possible conflicts. The ideal goal of economic regulation is to ensure the delivery of a safe and appropriate service, while not discouraging the effective functioning and development of businesses. For example, in most countries, regulation controls the sale and co ...
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Macroeconomic
Macroeconomics is a branch of economics that deals with the performance, structure, behavior, and decision-making of an economy as a whole. This includes regional, national, and global economies. Macroeconomists study topics such as output/ GDP (gross domestic product) and national income, unemployment (including unemployment rates), price indices and inflation, consumption, saving, investment, energy, international trade, and international finance. Macroeconomics and microeconomics are the two most general fields in economics. The focus of macroeconomics is often on a country (or larger entities like the whole world) and how its markets interact to produce large-scale phenomena that economists refer to as aggregate variables. In microeconomics the focus of analysis is often a single market, such as whether changes in supply or demand are to blame for price increases in the oil and automotive sectors. From introductory classes in "principles of economics" through doctora ...
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Globalization
Globalization is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide. This is made possible by the reduction of barriers to international trade, the liberalization of capital movements, the development of transportation, and the advancement of information and communication technologies. The term ''globalization'' first appeared in the early 20th century (supplanting an earlier French term ''mondialisation''). It developed its current meaning sometime in the second half of the 20th century, and came into popular use in the 1990s to describe the unprecedented international connectivity of the Post–Cold War era, post–Cold War world. The origins of globalization can be traced back to the 18th and 19th centuries, driven by advances in transportation and communication technologies. These developments increased global interactions, fostering the growth of international trade and the exc ...
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