OPPORTUNITIES AND RISKS FOR KAZAKHSTAN IN THE NEW SILK ROAD ECONOMIC BELT

Abstract

This article emphasizes that in addition to the opportunities and benefits that the New Silk Road Economic Belt project brings to Kazakhstan, its development generates a number of risks that need to be clearly identified and the most appropriate tools to manage them selected. According to Kazakhstan's series of national strategic plans, the Silk Road Economic Belt offers Kazakhstan the opportunity to become a key region connecting global trade, and there are good prospects for cooperation between China and Kazakhstan in many areas, such as infrastructure, industry, agriculture, tourism, energy development and building a green economy. At the same time, the article examines the processes of functioning of the territory of the Republic of Kazakhstan in the New Silk Road Economic Belt (NSREL) system. The economic consequences of NESP in the territory of Kazakhstan and Central Asian countries are insufficiently covered in the world and Kazakhstan's scientific literature. The authors' interest in this topic is dictated by the increasing role of NESP as an unprecedented transport and logistics formation in Eurasia. The methods of systemic, comparative-geographical, statistical cartographic analysis and others have been applied in the article. Only key criteria are studied, which are the dynamics of GDP growth and inflation rates in the period from 2000 to 2020 in the RK, PRC, USA and RF; trade balance between them is shown, and the value of profit from transit through the territory of the RK, which is about 5 billion U.S. dollars, is revealed. The area of application of the results of the study can be the territories of the NEPP route in need of solving regional and social problems, improving the transport and logistics system, the convergence of domestic and foreign markets, the integration of Kazakhstan into the world technological chains.