Nobel laureate in Economics Michael Spence opened the first of 15 lectures of the II Central Asia Nobel Fest

Outstanding world economist and Nobel Prize laureate in Economics Michael Spence opened the first of 15 lectures of the II Central Asia Nobel Fest for Kazakh and Central Asian experts, students and professors at M. Auezov South Kazakhstan University.

The lecture was held and gave a start to the events of the Month of science and technology in the framework of the celebration of the 30th anniversary of the Independence of the Republic of Kazakhstan.

The event was moderated by the Chairman of the Inclusive Development Foundation M. Kurbenov.

The Vice-Rector for Strategic Development and Internationalization of M. Auezov South Kazakhstan State University Aigul Iskakova made a welcoming speech.

The conversation with the scientist was moderated by the well-known French economist, Director General of the Bretton Woods Committee for the renewal, Mr. Marc Uzan.

The preamble of the laureate's lecture is the need to transform the economies of developing countries and digitalize business as part of the global economic process. In his speech, he proposed the possibility of applying competitive labor in labor-intensive processes and robotization of production facilities.

During the discussion "Emerging Markets and Kazakhstan in the post-pandemic period", Dr. Spence spoke about global economic trends in the post-pandemic world and how they will affect Kazakhstan and emerging markets.

Michael Spence noted that the COVID-19 pandemic has affected almost all sectors of the world's economy and that some sectors are experiencing a crisis, and some sectors of the economy, on the contrary, have found themselves in favorable conditions for growth.

As for the economy of Kazakhstan, Mr. Spence focused on the direction of stable income in the energy sector and the provision of comprehensive broad support to business.

In the final part, the experts were able to discuss with the laureate their questions about the economy of Kazakhstan and the countries of Central Asia. The discussion with the Nobel Prize laureate was attended by heads, faculty and students of universities, representatives of ministries, well-known economists and experts of the region, as well as online platforms Ekonomist.kz. Relevant questions were asked, which were discussed with interest by the participants of the online meeting.

Lecture is available on the link: https://www.youtube.com/watch?v=weAg8SV8y54

Subscribe to YouTube-channel Nobel Fest, also to Instagram page, so as not to miss upcoming discussions with world experts, as well as final documents and recommendations for events.

On the invitation of the laureates and connection universities to lectures, please contact by phone numbers: +77019402978, +77058636733

To participate in the lectures and the festival, please register on the official Nobel Fest website at the following link: https://nobel-fest.inpolicy.net/

The largest scientific event in Kazakhstan and Central Asia, the II Central Asia Nobel Fest, entitled "Inventing the Future" will take place from 7 to 9 April 2021. The theme of the second festival is focused on technology and innovation in three key areas: the economy of opportunity, the industry of the future and EdTrends (educational trends). The organizer of the Nobel Festival is the Inclusive Development Foundation.


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