This paper investigates a relationship between foreign direct investment (FDI) inflows, exchange rate, and economic growth of a developing country, and their effects on major economic activities in the nation. This paper examines macroeconomic activity variables of gross domestic product, fixed capital investment, employment ratio, retail trade turnover, industrial production, FDI inflows, and dollar exchange rate as a control variable. The macroeconomic activity statistics often calendar years (1997-2006) of Kazakhstan were analyzed by using a multivariate regression model with weighted least squares estimates. The results indicate that FDI has a minimum or not a statistically significant impact on GDP growth of Kazakhstan. The paper argues that a resource-seeking FDI has a minimal eff...
SEOUL, South Korea - Kazakhstan was becoming a problem. Gary Simpson had already failed once to get his package out of that country through an operative there. Now came more bad news. Kazakh customs officials had confiscated the latest shipment, Simpson's contact emailed. "They are very suspicious and think there are ulterior motives intended to undermine state security or foment revolt.
ASTANA, Kazakhstan - Voters turned out in record numbers for an election Sunday in Kazakhstan that is guaranteed to overwhelmingly reaffirm President Nursultan Nazarbayev's domination of the oil- rich Central Asian nation. The turnout of nearly 90 percent appeared astonishing given the low-key nature of the election campaign and there were early indications that it had been artificially boosted.
... has as usual dominated the daily television news headlines. The three rival candidates, all of whom...
In eastern Kazakhstan, a lake is slowly dying. But in this village of 1,800 people on the southwestern tip of Lake Balkhash, fishermen don't believe the lake is shrinking.
Upsets in Toronto Qualifier Galina Voskoboeva of Kazakhstan beat No. 9 seed Marion Bartoli of France, 6-3, 6-3, Monday in the first round of the Rogers Cup.
Kazakhstan's evolving experiment in Western-style democracy is being criticized in the West, notably for the government's response to local media reports on the legal problems of the president's son- in-law that prompted a Kazakh court to order the seizure of print runs of three newspapers last month. The papers had carried reports of corruption allegations against President Nursultan Nazarbayev's son-in-law, Timur Kulibayev. The powerful Mr. Kulibayev is thought to be a possible successor to Mr. Nazarbayev, 69.
BAIKONUR, Kazakhstan - As a Soyuz spacecraft slowly rolls to its launchpad on the icy cold steppes of Kazakhstan, even the most seasoned space fan cannot help but be spellbound by the sight. With NASA finally retiring the shuttle program next year, the venerable Russian workhorse is now set to become the world's only lifeline to the International Space Station. That predicament is provoking mixed feelings of concern over excess reliance on Russia's space program and enduring admiration for the hardiness of the Soviet-designed Soyuz.
WARNING KAZAKHSTAN The chairman of a key congressional human rights panel is complaining that Kazakhstan is failing to promote democracy as promised when the Central Asian nation won U.S. support to lead a major European civil rights council.
The humor in the film, the full title of which is Borat: Cultural Learnings of America for Make Benefit Glorious Nation of Kazakhstan, comes from innocence and ignorance. Borat ([Sacha Baron Cohen], who played Frenchman Jean Girrard in Talladega Nights) is a television news reporter from Kazakhstan who is sent to the United States to learn American values and customs, all in an effort to bring his learning back home and improve his native country. According to Borat, there are three main problems in Kazakhstan: "economic, social and Jew.
Deposed president flees to Kazakhstan OSH, Kyrgyzstan (AP) -- The deposed president of Kyrgyzstan left the country Thursday for neighboring Kazakhstan, allaying fears of a civil war in the Central Asian nation, which hosts a key U.S. military base supporting the war in Afghanistan.
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