Kazakhstan Adoption

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Economy

Kazakhstan is considered a model transition economy in overcoming the legacy of the Soviet centralized command economy through sustained commitment to economic liberalization and maintaining an attractive investment environment through pragmatic policy choices and cooperation with the West. The International Monetary Fund, called Kazakhstan 's strict macroeconomic stabilization measures "appropriate and far-sighted." Of all post-communist economies, Kazakhstan is ranked first in foreign direct investment as a percentage of GDP and second only to Hungary in per capita FDI. Because of its successful reforms, liberal trade policies, and ability to attract international financing, Kazakhstan is poised to join the World Trade Organization