State and Problems of the Machine-Building Complex of the Republic of Kazakhstan

Abstract

The challenge of supporting a competitive position in the global market is acute for many countries, including Kazakhstan. In the current environment, the factors that could ensure greater competitiveness in the future are absent. The purpose of this study is to take an in-depth look at the state and issues of mechanical engineering in the Republic of Kazakhstan. The study employs the practices of advanced Western economies on resource, industry, and national economic competitiveness, and statistical data on Kazakhstan’s mechanical engineering sector. The methods used included special theoretical approaches, such as comparing the mechanical engineering sector in Kazakhstan and other countries, analysing their current economic status, and naming the characteristics and shortcomings of the mechanical engineering sector of the countries in question. Factors that contribute to the rate of growth of mechanical engineering products were considered. Distinctive features and shortcomings of machine-building products of Kazakhstan were found. The influence of machine-building enterprises on the macroeconomic indicators of the region was studied. The main limitations for the further successful development of the mechanical engineering industries were also defined. The progressivity of structural transformations in the machine-building industry was assessed based on data on the production of the main types of equipment and machines for industry. The resulting conclusions are drawn as suggested measures to resuscitate Kazakhstan’s present competitive capability in mechanical engineering. The findings include an assessment of the current economic situation and a forecast of potential future developments