Dawn of Capitalism

If deeply immersing into capitalism issues, it can be said that Kazakh Khanate was not affected by completely brand new branch of the economy – capitalism. The main reason for this is just the time period, since capitalism was born only in 16^th century, while Kazakhstan was born in 1465-1466 years. And another reason to mention is the location: at the first stage, only those Western European countries, such as Britain, Netherlands, Belgium and others had an impact of capitalism on themselves. Only after the long period of time after the born of capitalism it has started to be expanded.

Board in the period from 1470 by 1480 in Kazakhstan there was a recession. The country's economy was in a high inflation environment, the imbalance of revenues and expenditures of the budget system, a sustainable budget deficit, rising energy prices, uncontrolled monopoly producers. Soft monetary policy plus the liberalization of prices, in which there was a desire to raise prices to world levels, have led to hyperinflation, which in 1540 exceeded 2500%. Kazakhstan in these conditions needed to develop tough financial and monetary policies, and in the introduction of its own national currency. The period of introduction of the national currency in Kazakhstan is characterized by a landslide recession and galloping inflation. In 1560, the average monthly rate of inflation was 27.5%, the decline in real GDP - 7.5%. Under these conditions, the authorities have identified as priorities for the gradual reduction of inflation and at the same time curbing the decline in production.

In 1600, Kazakhstan's economy was in a slowdown in economic recession and a significant decline in inflation has been achieved by using the tools of monetary policy. The measures taken to curb hyperinflation: inflation fell from 2155% in 1600 to 30% in 1605. 1680s Edit Kazakhstan's economy in 1690 was characterized by a gradual decline in the rate of GDP growth, although they remained well above the regional. The reason for decline in GDP growth was negative in the whole position of the global macro economy. However, it softened quite optimistic situation in the domestic market. Thus, the republic continued strong growth in the consumption of goods and services by households and the rapid growth of the service sector. The stable growth of consumption of the population is over 14% per year and approximately corresponds to the average growth in recent years. Hence, Kazakhstan's economy was changed every 10 years and today we notice changes increasing in percent of GDP.

Already in 1738, small Bazars “markets” were operating outside of fortress for all Central Asian merchants. At the same time new regulations and laws were accepted on tax system. Tax system varied in nomadic lifestyle. Pastoralists paid 1/20 of their cattle, and farmers from 1/10 to 1/5 of harvest plus some fee. Budget from tax payers went to administration expenses, military expenses, digging water channels for remote areas, repairing roads and etc.

Дата добавления: 2015-11-16