Kazakhstan has had a long history of being an agrarian, nomadic society. With the capture of Kazakhstan by Russia and the formation of the Union of Soviet Socialist Republics, (U.S.S.R.) the country began to lose its traditional nomadic lifestyle. Kazakhstan was not willing to lose its heritage and through political uprisings and, eventually, the U.S.S.R was dismantled and the country became an independent nation. Here are some highlights of Kazakhstan’s history and economic growth.
- Independence & New Leadership
On December 16, 1991 Kazakhstan declared its independence from the Soviet Union. Prior to its independence the country was under Russian control since the early 18th century. Nursultan Nazarbayev became the new leader of the country and has been Kazakhstan’s only president ever since. Under his leadership, the country established a Kazakhstan democracy and made many reforms to its government.
- Market Economy
Following its independence, Kazakhstan made several reformations to change its country from a Soviet command monopoly to a market economy. Since 2000, the economy has grown significantly – mainly due to its exportation of natural resources such as oil, gas and uranium. In March 2002, the U.S. Department of Commerce granted the country market economy status; this allowed for increased exchange of goods and services.
- Foreign Relations
Kazakhstan is a member of several international organizations such as the United Nations, Euro-Atlantic Partnership Council and the National Atlantic Treaty Organization. In addition, Kazakhstan has maintained stable relations with its neighbors, namely Russia and China. The U.S. and other Western nations are major investors in the country in several sectors, such as energy, banking and telecom.
Kazakhstan has a rich history and has high hopes for an even brighter future as it continues to strive towards economic growth.






