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Entrepreneurial University Perspective: Tracking Labor Force Capacity to Support Industrialization Processes in the Emerging Markets, Evidence from Kazakhstan Data

Emerging Markets Journal

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Title Entrepreneurial University Perspective: Tracking Labor Force Capacity to Support Industrialization Processes in the Emerging Markets, Evidence from Kazakhstan Data
 
Creator Orynbassarova, Dilara
 
Subject Kazakhstan; Emerging Markets; Industrialization; Labor Market
 
Description Industrialisation is considered as main engine of growth in economic development of the most emerging markets. This is especially true for Central Asian transitional countries as Kazakhstan, which obtained independence from the Soviet Union in 1991. For enhancing country’s competitiveness potential, Kazakhstan National Program for 2010-2014 aimed to accelerate industrial-innovative development of the country. While many papers published about the importance of industrialization activities in Kazakhstan, few have focused on examining the current capacity of labor market to meet the industry demand. Main aim of this paper was to investigate if current manpower is adequate to maintain the planned rate of growth in the country. Higher level of economic production led to higher demand of engineering labor force. High demand with low frequency supply created an imbalance in the labor market that resulted what we see as shortage of technically skilled labor. Low frequency of supply is influenced by such factors as high engineers’ outflow rate, low students enrolment and graduation rates, and lack of practical skills of the graduates hired. An erratum to this article has been published as https://doi.org/10.5195/emaj.2017.132. 
 
Publisher University Library System, University of Pittsburgh
 
Contributor —
 
Date 2017-01-06
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
 
Format application/pdf
application/pdf
 
Identifier http://emaj.pitt.edu/ojs/index.php/emaj/article/view/111
10.5195/emaj.2016.111
 
Source EMAJ: Emerging Markets Journal; Vol 6, No 2 (2016); 5-11
2158-8708
2159-242X
 
Language eng
 
Relation http://emaj.pitt.edu/ojs/index.php/emaj/article/view/111/277
http://emaj.pitt.edu/ojs/index.php/emaj/article/view/111/282
 
Rights Copyright (c) 2017 EMAJ: Emerging Markets Journal