STRATEGIC PRIORITIES OF THE NATIONAL POLICY OF THE REPUBLIC OF KAZAKHSTAN ON THE DEVELOPMENT OF REGIONS

Toleu PANIYAZ

Doctoral Student at the Department of Political Science, L.N. Gumilyov Eurasian National University, Nur-Sultan, Republic of Kazakhstan

tpaniyaz@kaiost.cn

Kargash ZHANPEIISSOVA

Professor at the Department of Political Science, L.N. Gumilyov Eurasian National University, Nur-Sultan, Republic of Kazakhstan

zhanp@nuos.pro

Oralbay KABUL

Head of the Department of Philosophy, A. Baitursynov Kostanay Regional University, Kostanay, Republic of Kazakhstan

o.kabul@ust-hk.com.cn

Aigul AMANTAYEVA

Associate Professor at the Department of Philosophy, A. Baitursynov Kostanay Regional University, Kostanay, Republic of Kazakhstan

aamantayeva@tanu.pro

Abstract

The state system of strategic forecasting and planning of the Republic of Kazakhstan is an important tool for the implementation of large-scale global tasks and the development of long-term priorities for the central and regional authorities. The purpose of the study is to identify strategic priorities for the regional development of the Republic of Kazakhstan on the example of the Kostanay region and to verify the connection between regional development within the country and world geopolitics. The study covers the main tasks and achievements of the regional economy development. The authors of the study disclose the main areas for improving monetary and fiscal policy, ensuring macroeconomic stabilisation. The study demonstrates the main issues and opportunities of economic development in various regions of Kazakhstan and proposes measures for the labour market modernisation as the main priority of effective economy development. Thus, the new course of national policy within global challenges requires improving the training of qualified personnel capable of providing labour resources. The main task of regional policy and state strategy is to preserve the country as a single unitary state. This specificity requires effective management of all internal structure elements of the Kazakh society, which is at the stage of systemic modification. The practical significance of the study is due to the visual demonstration of the effectiveness of various regional development theories, their place and role in science and politics.

Keywords: Regional policy, national economy, competitiveness, strategic priorities, concept, diversification

JEL classification: R10, R58, C53

 pp. 83-92

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THE EUROPEAN RESPONSE TO OPEN SHIP REGISTRIES AND FLAGS OF CONVENIENCE THROUGH THE CREATION OF OFFSHORE AND INTERNATIONAL SHIP REGISTRIES

Panagiotis SAVIOLAKIS

Ph.D. Candidate, Department of Maritime Studies, University of Piraeus,

psaviolakis@unipi.gr

Michalis PAZARZIS

Professor, Neapolis University Pafos,

michalis.pazarzi@nup.ac.cy

Abstract

The main objective of this essay is to access the different forms of the European response to the challenge of the Open Ship Registries and the Flags of Convenience. The policies concerning the maritime sector adopted by the various European Countries differ significantly. The method followed to support this essay is bases mainly on the in-depth research in the regulatory framework established in the respective States as well as the European Institutions themselves. The analysis includes a multi-layered assessment of the key features of the Offshore and International Ship Registers. The findings of the current essay extend beyond the obligatory compliance to the legal restrictions posed by the Flag’s Authorities. They include important business characteristics such as the type of vessel, the geographical area of business activity and the tax regime. The novelty of this essay lies in the specialization in the shipping policies that were implemented by the European countries and the comparison among them.

Keywords:  Open Ship Registry, Flags of Convenience, Second Ship Registry, Offshore Ship Registry, International Ship Registry

JEL classification: F13, L92, O31, O38

 pp. 69-81

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INSURANCE-ECONOMIC GROWTH NEXUS – EVIDENCE FROM SELECTED WESTERN BALKAN’S COUNTRIES

Gentiana SHARKU

Prof. Assoc. Dr. Pedagogue in Finance Department, Faculty of Economy, University of Tirana

gentianasharku@feut.edu.al

Etleva BAJRAMI

Prof. Assoc. Dr. Pedagogue in Finance Department, Faculty of Economy, University of Tirana

etlevabajrami@feut.edu.al

Abstract

The insurance-growth nexus has attracted the attention of many academics and researchers, due to the huge potential the insurance industry constitutes for the economic development of developed and developing countries as well. The purpose of this paper is to investigate the impact the insurance industry has on economic growth of emerging countries, such as the Western Balkan’s countries. The impact is studied through two indicators of insurance industry: density and penetration, and for the total, life and non-life insurance market. The authors have applied a multiple regression analysis using annual data on insurance industry and GDP per capita from 2004 to 2019. This paper has contributed in the existing literature by exploring (i) whether insurance market has a positive or negative effect on economic growth of developing countries; (ii) which of the insurance indicators explains better the impact – insurance penetration or density indicator; and (iii) which of insurance activities has the largest effect on economic development: total, life or non-life insurance. The conclusions of this paper will serve to the public and private operators to evaluate the significance that each segment of insurance industry has on the economic development and to undertake the proper policies.

Keywords: Insurance penetration, insurance density, GDP per capita

JEL classification: G22, C23, O52

 pp. 53-68

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