Paper
As India’s economy recovers from the coronavirus pandemic, Indian businesses need efficient financial structures to regain their ground. Key reforms to India’s Insolvency and Bankruptcy Code could fill these gaps.
Anirudh Burman
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"Paul Stronski"
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In The Media
Is Kazakhstan Preparing for a Post-Nazarbayev Era?
Kazakhstan’s political system is quite opaque, so it is not clear what exactly is driving recent changes in the senior ranks of the government. What is clear, however, is that Kazakh society is growing restless, as socioeconomic problems in the country grow.
Published on Sep 27, 2018
Source: World Politics Review
Since he turned 78 in July, Kazakh President Nursultan Nazarbayev has appointed a number of new ministers to his Cabinet, fueling speculation about whether he will run for another term in elections scheduled for 2020. Such speculation is not new in Kazakhstan, but given Nazarbayev’s advanced age, observers fear that without a clearly defined succession plan, the country’s stability could deteriorate. In an email interview with WPR, Paul Stronski, a senior fellow in the Russia and Eurasia Program at the Carnegie Endowment for International Peace, discusses Kazakhstan’s political outlook.
World Politics Review: What is driving Nazarbayev’s ongoing Cabinet reshuffle?
Paul Stronski: There has been a fair amount of change in the senior ranks of the Kazakh government since August, with Nazarbayev appointing a new defense minister, finance minister, head of the presidential administration, secretary of the country’s Security Council and mayor of Astana, the capital, along with several other lower-level personnel changes. In July, Nazarbayev also became chairman of the Security Council, a position he can hold for life. Recent legislative changes have transformed the Security Council from an advisory body to one with greater power to craft and implement state policy, so it truly is a government in flux. However, Kazakhstan’s political system is quite opaque, so it is not clear what exactly is driving these changes. This lack of transparency creates a robust rumor mill about the rise and fall of various Kazakh political factions, and swift changes inevitably foster speculation that Nazarbayev is preparing for succession. All of this may or may not be true.
What is clear, however, is that Kazakh society is growing restless, as socioeconomic problems in the country grow. Floods devastated parts of Astana this summer, causing a backlash at government officials and anger about shoddy construction in a city that is just 20 years old. The commercial capital of Almaty was rocked in July by the murder of a 25-year-old figure skater, Denis Ten, who was a bronze medalist at the Sochi Olympics and one of the country’s famous sons. Ten’s murder highlighted growing social problems in the country’s rapidly urbanizing areas, including rising crime, disenfranchised urban poor, growing wealth gaps and a lack of public faith in the police. To make matters worse, Kazakhstan’s currency, the tenge, has dropped in value by over 14 percent relative to the dollar since January, and the government is nervous about any possibility of protests. So, the Cabinet reshuffle may also be intended to show that the government is responding to these challenges, although there are no quick fixes to the country’s problems...
This article was originally published by World Politics Review.
Carnegie India does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
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