One country is pulling out of recession by embracing democracy and working harder to promote good relations around the world, both politically and economically. Kazakhstan reelected President Nazarbayev for a third term earlier this year, and has upped their estimates for exports in 2011 and beyond.
In the 1990′s, Kazakhstan estimated their oil reserves to be only 16 billion barrels. Since then, they have discovered that the reserves are probably closer to 29 billion barrels. Since their own consumption of oil is so low, they are able to export the vast majority for a profit.
The Kazakhstan Democracy is a major player in many other exports, as well. Their rare-earth metal exports are up 75 percent in 2011. These metals, such as vanadium and gallium, are very valuable to high-tech manufacturing industries. Since China, the world’s largest exporter of rare-earth metals, has decreased their exports, Kazakhstan stands to gain huge growth in this sector.
Kazakhstan is also entering other markets. Research and Markets in Dublin has added Kazakhstan exports of mineral and chemical fertilizers to their reports. This is an indication that Kazakhstan is a world player in the production of these marketable chemicals. This report documents and reports on major suppliers and consumers of mineral or chemical fertilisers around the world.
Kazakhstan is also a major exporter of food, including grain. It remains in the top ten world exporters of grain, predicting it will export almost 19 million tons in 2011. Kazakhstan is a major grain supplier to Central Asia, as well as China, Azerbaijan and other countries around the world.
With a stable government and political climate, friendly relations with her neighbors and a diverse culture, Kazakhstan is setting the bar for post-Soviet countries to embrace democracy and free trade.