Investment cooperation as a digital economy development method for the Republic of Kazakhstan and the EU

Abstract

In modern conditions, the digitalisation of the economy is a vital part of any country’s development. It not only reduces costs for transactions but also increases the efficiency of many internal processes, especially managerial ones. Thus, it remains relevant in general to consider the opportunities for the development of digitalisation in a country. For this research, the study is conducted in the context of investment cooperation, using the example of Kazakhstan and the European Union. The research aims to show how this form of interaction between countries affects the development of the digital economy. The main scientific methods were analysis, abstraction, prediction, deduction. The study assessed the general features in the context of investment cooperation between the countries of the European Union and described the specifics of interaction between the countries. Subsequently, it was briefly described how the digital economy is developing in the Republic of Kazakhstan. Investment in the latest technologies has not been sufficiently effective in the country, due to general macroeconomic conditions and political instability, as well as inefficiency of state authorities. The study also assessed the relationship between Kazakhstan and the European Union in terms of the development of the digital economy and described joint projects in this area. This study brings new knowledge for the development of the digital economy, as well as a better understanding of the current development of the Republic of Kazakhstan and the European Union.