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Essay / Research Paper Abstract
7 pages in length. Russia's economic base has been under considerable modification since the collapse of the Soviet Union, making the transition from polar opposites even more difficult for such transitional state of Kazakhstan. Particularly influenced by the fall have been its business people, who have attempted to stand strong throughout all the upheaval and attract the economic security of multinational corporations. Bibliography lists 8 sources.
Page Count:
7 pages (~225 words per page)
File: LM1_TLCkazak.rtf
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difficult for such transitional state of Kazakhstan. Particularly influenced by the fall have been its business people, who have attempted to stand strong throughout all the upheaval and attract
the economic security of multinational corporations. II. ATTRACTING THE INVESTOR The positive move toward national progression has not been an easy one
for Russian business people after the collapse of Communism, for the reason that they have not been adequately supported by the Russian legal system with regard to enforcing commercial transaction
laws, which ultimately impedes upon opportunities for multinational corporate investments. It has even reached the point where Kazakhstan business people have had to "rely on their own influences" (Hendley
228) as a means by which to conduct business. These laws, which were originally designed to govern all aspects of business, have become ineffectual and, as a result, have
intimidated many a prospective multinational entrepreneur from engaging in any sort of investment for fear of considerable financial loss. "Even with legal reforms being instituted, Russian entrepreneurs continue to
depend on the patron-client networks that dominate their business transactions rather than rely on laws" (Hendley 228). Arbitrazh courts attempt to mediate between
and among the legal discord, however, even their participation leaves much to be desired. These courts, which exist for the purpose of addressing business disputes "such as those between
enterprises, government agencies and bankruptcy claims" (Hendley 379), have fallen down on their responsibility to assist the Russian business community, once again leaving the business person to fend for his
or her own best interest. "In every country, but particularly in ex-Soviet countries as Kazakhstan, a qualified lawyer will have to look behind officialist documentation to see things as
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