Privatization is one of the main tools for changing the role of the state in the economy

Abstract

This paper examines privatization as one of the effective tools for increasing the share of the private sector in the economy. The authors analyzed the progress of the second wave of privatization in Kazakhstan, as well as the advantages and risks of privatization. On the basis of the analysis, it was concluded that the privatization process also affects the improvement of the activities of private companies. The authors note that for many companies, even preparation for sale contributes to optimization, development of management and internal control systems, analysis of the internal and external environment.

At the same time, in connection with the current pandemic crisis, the authors propose to revise the measures related to privatization and postpone it for at least 2 years.