A DECADE AGO, Kazakhstan looked like a classic basket case, with inflation at 2,000% a year darkening a landscape replete with shuttered factories and fallow farmland.
Today, growth has totalled some 40% over the past four years – the fastest expansion in the world after Equatorial Guinea, which is in the midst of its own oil boom. Inflation is 6%, the budget surplus was 2% in 2003 and this vast country stretching from Europe to China is a net creditor to the world.
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