The third modernization in Kazakhstan is another step towards the country’s entry into top 30 developed countries. According to the doctor of historical sciences Frank Albo, the goals set in President Nursultan Nazarbayev’s address are ambitious ones, and are quite achievable. The professor knows about Kazakhstan very well. He is the author of the book “Astana: Myth, Architecture and Destiny”, which was dedicated to the 20th anniversary of Astana and the exhibition Expo 2017. The scientist visited Kazakhstan for several times.

FRANK ALBO, DOCTOR OF HISTORICAL SCIENCES

- This is fantastic. It is visionary, it’s forward-thinking. That is really the spirit of Kazakhstan’s awakening. I mean on a global scale. If you think about how it’s been achieved not only economically, but also in terms of extending the brand of Kazakhstan to the world. This is exactly the way you need to go. That is modernization as part of 100 steps.

As the chairman of the board of the Institute for Economic Research Serzhan Madiyev stresses, the current address attaches great importance to the development of the financial sector. In particular, the new message of the Kazakh President was the initiative to develop the stock market.

SERZHAN MADIYEV, CHAIRMAN OF BOARD, INSTITUTE FOR ECONOMIC RESEARCH JSC

- The stock market is very important. The banking system is not able to serve all these economic relations independently, particularly, to serve all the needs of market participants. And nowhere in the world, there is only a banking system. Basically, in the world there are banking system and the stock market. They basically complement each other and provide a quality, efficient flow of capital. If now the address will give a certain impetus to the financial regulator and this will begin to develop, I think this will be a tremendous effect for enterprises and investors.

Another important section of the address, according to analysts, is the development of human capital. As the patron of the British-Kazakh society, the founder and chief of the international analytical magazine FIRST Rupert Goodman stresses, investments in education will soon bear fruit.

RUPERT GOODMAN, PATRON OF BRITISH-KAZAKH SOCIETY

- Achievement capital is obviously a key to any country’s development and Kazakhstan quite rightly has identified the area to investing in terms of education and sending Kazakh students to international universities and other educational institutions. And this is bringing up the value of intellectual capital.

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