Azimzhan Khitakhunov

Azimzhan Khitakhunov

Senior Research fellow

Azimzhan Khitakhunov is a research fellow at the Eurasian Research Institute. He has received his bachelor, master and Ph.D. degrees from Al-Farabi Kazakh National University (Ph.D. degree was completed in cooperation with the Johns Hopkins University, School of Advanced International Studies, Bologna, Italy). Currently, he is a senior lecturer at Al-Farabi Kazakh National University, Higher School of Economics and Business, Economics Department, where he teaches macroeconomics related disciplines. His research experience includes participation as a research fellow in the government financed f

Staff's Publications


May 16, 2022

Economic Cooperation between Uzbekistan and China

Uzbekistan remains one of the key countries in Central Asia. Since the implementation of the new economic policy, the country’s economic cooperation with external powers, including Russia, China, and the countries of the European Union has deepened considerably. In this sense, China’s presence in Uzbekistan increased significantly. Therefore, this commentary […]
May 13, 2022

China’s Outward Investments

China’s economic and political rise was driven mainly by its economic reforms, which stimulated a significant inflow of foreign direct investments. These investments allowed China to develop its key sectors, increasing the country’s competitiveness and contributing to the growth of trade. The rise of China’s economy and the accumulation of […]
April 28, 2022

Implications of the Russia-Ukraine War: The Case of the Global Food Market

The Food and Agriculture Organization of the United Nations noted in February 2022 that its global food index hit an all-time high and averaged 140.7 points, up 5.3 points (3.9%) from January and as much as 24.1 points (20.7%) above its level a year ago. Vegetable oils were up 8.5% year over […]
February 28, 2022

Economic Cooperation between Central Asia and China

Central Asia is one of the most important regions for China in terms of economics, politics, and security. China’s role in the region is permanently increasing. It remains a key trade partner for all Central Asian countries. Moreover, China provides the region with substantial investments, primarily in the energy sector. […]
February 25, 2022

Recent Changes in Foreign Trade of Russia

The foreign trade of Russia demonstrates significant changes. It is well known that Russia remains an important supplier of crude oil and natural gas on the global market. However, recently the country started to demonstrate changes in its trade patterns. The country is actively developing its manufacturing and agricultural sectors […]
February 2, 2022

Recent Developments in the Global Supply Chains

Development of the global supply chains gained importance following the pandemic-related disruptions, which caused negative consequences such as inflation. Economists and policy experts are debating about the future of the global supply chains as policy responses from advanced and developing economies were different. Therefore, this commentary aims to review recent […]
December 27, 2021

Economic Cooperation between Central Asia and the European Union

Countries of Central Asia consider cooperation with the European Union (EU-27) as one of the most important strategic directions. They intend to intensify trade with the EU countries and attract investments. The EU remains important due to different factors, including the market size, income level, standards, competition, and trade rules. […]
November 22, 2021

Current Developments in Central Asian Agricultural Products Trade

Agriculture remains a key sector for Central Asian economies in terms of food security, employment, and trade. In 2019, employment in agriculture (as % of total employment) in Central Asian countries remained high and varied from the lowest 15% in Kazakhstan to the highest 45% in Tajikistan. In terms of […]
November 22, 2021

The Court of the Eurasian Economic Union

The Eurasian Economic Union (EAEU) is one of the recent regional trade agreements. Despite the idea of Eurasian integration has a long history and was proposed by the first President of Kazakhstan Nursultan Nazarbayev in the early 1990-s, Kazakhstan together with Belarus and Russia formed a customs union only in […]
October 4, 2021

What Drives Higher Food Prices: Examples from Central Asia

Food prices are one of the most important indicators, which play an important role in economic and political stability. Food prices depend on a variety of factors, including growth in demand (mainly from Asian countries), financial market speculations, export restrictions, weather shocks, productivity slow-down, currency depreciation, rising oil prices, biofuels […]