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Presented at the 18th Annual Conference of the Global Awareness Society International - May 2009

If there are some lessons to be learned from the industrialized advanced nations of today, that would be political stability, institutional (education, health, legal, transportation) infrastructures, diverse industries, and information systems development and innovation. The examination of industries in the developed nations shows that modernization has occurred only with significant international trade and internationalization of domestic businesses.

Central Asia s Internationalization Chain

The following framework depicts a way to integrate trade openness to globalization

Industries Infrastructure

Trade Openness

Markets Political Stability

FDI

International Trade

Globalization

CREATING INTERNATIONAL BUSINESSES FROM OPENNESS

Present competes with past values

Concepts of value, price, supply and demand interactions, and how market economy functions are

commonly understood in Western societies. Price as a measure of value under market economies is a

useful measurement to compare markets of everything from housing, cars, and computers, to groceries.

Since 1991, former Soviet Central Asian countries have experienced the incursions of Western economic

values in a variety of ways: individual ownership, business education, and privatization of state assets.

However, the old ways and mindsets still persist today in these countries.

“Culture is Business and Business is Culture,” this dictum is prevalent and it is true in the business and

world economies of today. Which is why more than seventy percent of international trade is among

countries that use price as a determinant of value, and the import and export revenues reflect supply and

demand interactions. Property ownership, functioning banking and financial institutions, international legal

structures, value-adding industries, entrepreneurship, and international business leadership are to be

valued parts of business culture in Kazakhstan.

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