Slide tokaev
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Succession and Modernization

The first steps taken by the new Kazakhstan government have a great significance for this strategically important country situated in the very heart of the Eurasian continent. The most vital issue currently facing the country and its main foreign partners is proceeding with the policy of modernization, which turned the country into an economic and political leader of Central Eurasia under President Nursultan Nazarbayev.

Slide 19
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Modi: A Watchman in Control

Given its very high ratings, the Bharatiya Janata Party’s victory in the 2014 general election was rather predictable — and still it caused a sensation: The BJP managed to win as many as 282 seats in the 543-seat Lok Sabha, the lower house of the bicameral Indian parliament, and virtually become the sole political leader in the ‘world’s largest democracy’. Compare this with the 159 seats that the BJP, also known as the Saffron Party, ended up with after the previous vote in 2009. The dramatic improvement was attributed by many to the charisma of leader Narendra Modi, who took over as prime minister. Now, the self-proclaimed chowkidar, or watchman, looks back at what was done during his first term in office. Expert views are mixed, with some considering it very successful and others expressing doubts.

    About BRICS Business Magazine

    BRICS Business Magazine is a bookazine —

    a book-like magazine – addressed to global investors, businessmen, politicians, and experts.


    A business and humanitarian publication on rapid-growth markets, it is issued four times a year and explains how to understand others.


    The goal of this project is to organize a direct information exchange between the BRICS countries and other emerging markets.


    We define a bookazine as a thick magazine with complex printing which is designed for slow reading and filled not in accordance with a constant set of sections, but rather in accordance with the topics chosen. Our bookazine includes (with occasional exceptions) three main kinds of data:

    • essays and columns that would fit into “Opinions” or “Recommendations” sections
    • indices, ratings, and rankings
    • business cases

    Industry and event projects as well as investment guides are featured as special add-ons.


    Rief Innoprom
    Throughout the XX century, Homo Sapiens has turned into Homo Technicus. This transformation has now gone far enough for the B-20 (Business Twenty) to raise the concept of  ‘Society 5.0’ at the St. Petersburg International Economic Forum, i.e. a technology-driven society, which includes everything from the Internet of Things and blockchain to 5G mobile communications and robotics. It is still unclear to us how this society will be organized and how the roles in it will be allocated, but we do know that technologies have long been changing the rules of the game – albeit not only removing barriers but also erecting them. An old example is the bridges on Long Island. Once they were made too low for buses to pass under them, creating an expensive zone that was ‘closed’ from the public, but allowed car owners free passage.
    Pessimists have warned mankind about the threats of segregation and dehumanization that technology carries with it since the Second World War. The strength of ‘Society 5.0’ is evident in its name: this concept and development strategy is not going to separate the economy from people. Developed in, and for, Japan, it relies on human capital, and now, not least because of its successful name, almost every country has tried this model’s set of ideas. It is not only about the proverbial competitiveness, productivity and efficiency, but also about solving social problems and improving the quality of life. And the result of such a widespread penetration of technology will be a new cultural system.
    It is safe to say that such a restructuring of the economy and society will transform private life, but it is very difficult to predict what the informal logic of human interaction will look like. Despite the humanistic pathos of such ideas, we must be prepared for unintended consequences. The bridges on Long Island once reduced the horizon of possibility for many people. In the notional tomorrow, the difference in the pace of development can block access to modernity for entire countries. This will not sound too peremptory if we consider not just the quantitative but also the qualitative aspects of the lag. There are no universal solutions, but we can give one piece of advice to ourselves and to anyone else who might need it. A society that wants to get closer to ‘5.0’ needs to make a long-term investment and reconfigure its national education system, otherwise, in 30 years’ time, the cultural rationale of outsiders will finally stop lining up with the rationale of the leaders. And here I specifically say ‘society’, not ‘state’, because in the XXI century the decisions made in the highest offices are less meaningful than the sum of private initiatives.
    Army

    Authors & Experts

    Dominique Fruchter
    Dominique Fruchter

    Economist for Caucasus, the CIS, Western Balkans, Switzerland & Ukraine in Coface

    Yanis Varoufakis
    Yanis Varoufakis

    former Finance Minister of Greece, Professor of Economics at the University of Athens

    Hector R. Torres
    Hector R. Torres

    Senior Fellow with the Centre for International Governance Innovation’s International Law Research Program

    Jayati Ghosh
    Jayati Ghosh

    Professor of Economics at Jawaharlal Nehru University in New Delhi, Executive Secretary of International Development Economics Associates

    Kaushik Basu
    Kaushik Basu

    Former Chief Economist of the World Bank, Professor of Economics at Cornell University and Nonresident Senior Fellow at the Brookings Institution

    Richard N. Haass
    Richard N. Haass

    President of the Council on Foreign Relations

    Branko Milanovic
    Branko Milanovic

    Visiting presidential professor at City University of New York Graduate Center; former lead economist in the World Bank’s research department

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