A. RTS B O O K 2. ,r O U R :SM ГЛЛ, -'-«V.

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1 A. RTS B O O K 2 ГЛЛ, -'-«V.,r O U R :SM

2 1 Г. =5 * 'N r t ', : ' : МОГВавР, 1 І':к:. Ц?к. 1 Я р Е И 4 т 44! \ ' 'х ю м -. н і... ^у...;. ; : - е г Ғ г» і ш а д і к,, f-.jy л, *, 1 4 CoaBELATIOIil BF-TWEBM f O U T IC A l. l\.v r \B U П > '... аііиі Інгіас, -я.!;г>'!! X. і пі -:.; н.. U.,:. ; р Д ^ е $ Р В В» і Я Й т а ^ Р Av-i.v. rtui ^ ^ o d i u -.»! - s ; ; i - ;... 1 ;>... : і..: ^ 4J.R :,,л!'? is іпчін ғ 1.'. о!! ' і * Щ - В ІвІІШШіІІ... Ев'ЖЧИмымгЯХЬ ЛЯ*-' :,,,:,: :* :і:, *, - Kazakh National University; ҚшОД&йт-. * '? a ш вш ивиш иия^иниш ниивтвиитанивм ^в^^^в m&m v-a, al-famhy И і І І В йj11p Ш if 111 :/ II :... I і і 1. і... ш...ші ж :

3 Maryana M ajdak Siavtea Iflazeka Kokoric. p W i r m Salmanic. Universit Croatia * * }' o f% ek... ' -iftft 60. RISK A D M IN ISTRA TIO N - T i l l RO LE O F GOVERNM ENT, m THE VIEW O F NON-STANDARD M EASURED BVSTRUMENTS b Frantisek Hoc man, University o f Economics in Bratislava, Slovakia, " M IL E O F SO C IA L A D V ER TISIN G IN T H E LATVIAN GOVE COMMUNICATION, Liga MirlittajTimba University, fcitvia ' v J 62. RUSSIA IN TH E ERA O F TH E SO CIETY OF FINANci \ i DETERM INATION* Kolesnikov Yuriy Alekseyevich, Southern Federal Universiu Ш т т Г;:,: 63. RUSSIA: FROM T H E STATE O F C O R PO R A TIO N T O THE STATE OF C R EA TIO N, Evgeny E. Ton ко v. Belgorod Slate National Research University R u s s i a m. 64. RUSSIAN GRAND STRATEGY? RUSSIA S PROM OTION OF ARM ID CONFLICTS IN TH E SOUTH CAUCASUS, Zinaida Shevchuk. Masaryk University, Czech Republic UI. «SOCIAL ID EN TIFICATIO N AND G R O U P PERFORM ANCE: THE EFFECT OF D IFFEREN T W AR O U TCO M ES ON NATIONAL. P R ID t, THE SENSE O F BELONGING AND TH E SENSE COM M U N ITY AMONG CITIZENS, Maya Hadar, PhD candidate. Graduate school o f Decision Sciences, bitivem typk onstanz, University :i f Konstanz, ^Germany M.SOCIAI.INEQUALITIES AND QUALITY OF LIFE, Prof. Ing. Vojteeh Stanek. Economic* J t j t УЙа Du ipv g- Simona Polonvova, PhD., School of Economics and Management,n Public Administration in B ratislava, Slovakia K ^ K H S ^ N a ^! f 1 ь ^ Р и С AND ENTREPRENEURSHIP ART IN University. Kazakhstan Ш va' Be^et Kazbekov, al-faraby Kazakh National »»,, STRATEGIC fa iiw B fteti»»* -1 EDUCATION, As»,, J hf 1Е«> А T IO N A L C O O PERA TIO N IN Реісічһ' ^'knluva >r H i,,,? n Nado/Iida Ииічіаіппа. Prof. Hunt:'» Ы *есһ«с Ш іч den> Nataliyn Buiych. Peter the Great St. ЯБІ W суціі^ 1^Sa% S 4 ЯИшЯИш^ВЯт/К/яВВшшЯшшВййЯшшЯИКЯЯш^Ш

4 І Я ш к ^ т т ш ш ш я а$щос. Prof. Zh«mit Kazhekova lecturer in Finttitce Oiana ktilibaycva Higher School of Economics and Business. АІ І иты Кшткһ National Univer-aty K*z*kb»<«n И abstrac T Foreign exchange reserves of the country arc used to balance the tofemiitional macroeoonoitiic calculations, including repayment of external debt and regulation of market exchange rates of the national currency. Special significance of the regulation is that it leads to simultaneous occurrences of economic crises at the world and national levels. Management of official reserve assets is the most important macroeconomic challenge for the current government due to constant devaluation of tenge (national currency I-Tfte government should hidicto\miy utilize the foreign exchange reserves to finance the core sectors of the economy and the small and medium enterprises. It will help with the revival of the economy of Kazakhstan. Keywords: National Fund, tenge, official reserve assets, rationality competitive economy. INTRODUCTION Official reserve assets are growing rapidly worldwide. To diversify international reserves in oil producing countries - Venezuela, Kuwait, Oman. Norway, Russia and Kazakhstan special investment National. Funds are created. Their establishment is for two main factors - sharp rise in oil prices globally and. resultant emergence of superprofits from oil exporters. In late 1990s - early 2000s. it led to public struggle for nationalization of natural resource rents. It was successful as windfall profits of companies exporting oil abroad, accumulated m the National Fund, Kazakhstan NF took shape in 2004 to create a safety cushion in case o f deterioration o f the external вйвщ "іч' ' '=. : */. i-./ ' f ' T : V I t * < ' v; v : «-C:? economic environment and as a source o f funds to repay external debt. u includes unallocated balance surplus in the state budget and taxes from the sale of oil to the global market fit excess of its price of certain basic values. Instead, the National fund has become a means for the export of financial resources of the country*. Its activities fail to reduce government deficit through monetary resources, being one of the causes of chronic stagnation of the real sector of the Kazakh economy and the reason for Kazakhstan s commercial banks not being able to find internal sources of financial ^sources. Search of external resources resulted in excessive debt in foreign markets, Beir{8 *n the new wave o f the global financial crisis it is necessary to understand that ar ' ^.dpttu* National Hmd should he domestic infrastructim * -»-...ғ fmnsmrenev. Tha

5 ' ^ ' ^&АНТ в» I : II II 11;!;:/:і: : ' ШШШІІІІІІІІ і - Ш ш щ ' щ ш 1 ( 1 ІІІІІі І і И. ; '.till'd < ііі.: деіы тіію пя..have сішіші---of U\mv?ibr ^.jh fsiimatiil wswwtfcw, «ошрішій «Ада the h--*..,. >= _ jtimf l)ю ГЙЖВГСІІ Modem thc<ur> of I»ai.?г-1 : >.. 'ҺШШЯФ' 2".і лігэяіеібг? oi diltenmt ш т of spcitl live 'Ы to t - = д.емй*1в4 ^ : J * ~ k$ to ШС mi Mtsw& of popuiltipn to changes. to >v: causal reb;. imif деідоі modem- st^iallf.prifflifei modeh ;. '.- «'p: : «p'-r. *e ыьыіһчік и; jjj J : 41 ; : :,a: ; І М И Ы Ь гу 'Эі 1-1' -и;г ІІП ROC^ - ^ '''" v; ' І В І. [ I. M te niti othcll -C!i5iagl>'a - : ИИ «tier fix l l э д ш в ш ш

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