World Monitor Magazine, #5, Industry World Monitor Magazine, Industrial Overview | Page 77

K16: ‘Afterword’?!
Later, after the
international forum
K16: Kazakhstan
Growth Forum, inspirer,
organiser, and head
of the group of
companies, Centras
Eldar Abdrazakov,
shared his views on the
most important topics
disclosed at the forum.

Takeaway #1: ‘Alien’
globalisation
The world we knew is no longer
such, says Harvard professor Raui
Abdelal. Post-war development
of the world economy has passed
under the march of American
hegemony. Basic institutions of
globalisation – the World Bank,
the International Monetary Fund,
United Nations – were founded
and are still located in the United
States. Anglo-Saxon principles of
free trade and capital flows have
become educational truths. World
business speak is ‘Americano’.
Fixated on oil prices, we do not
notice how fast the world is
changing. Developed countries
have focused on developing high-

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tech industries. Major developing
countries – BRIC – focus on mass
production and globalisation
within an aggressive regional
expansion. Each promotes their
own interests. Americans and
Europeans are more interested in
local issues, and they are willing
to sacrifice the global issues. The
British majority, who voted for
Brexit, rejects globalisation and
immigration. Questions of local
employment, social inequality,
and cultural differences come
to the fore in elected Western
democracies. National interests
and protectionism is back in vogue.
Politicians cannot ignore it. The
voltage will increase. What are
these new institutions of Bretton

Woods 2.0 and the World Trade
Organization?
Takeaway #2: Strategic
advantage 4.0
According to Mikhail Romanov,
EY Partner, the new industrial
revolution will drastically change
the social and economic reality. For
more information, please, read Mr
Romanov’s article ‘Industry 4.0 –
the new world’ in this issue of the
magazine.
Takeaway #3: Lonely at the Top
At K16, we first tried to make sense
of the Kazakh model of governance.
For us it is important to understand
that it is not technology and
strategy that will make Kazakhstan