Malik Hill

The Generational Wealth Gap, Supply and Demand, The Kazakh Model. Malik Hill

It's the hope of almost every generation in history that their children and grandchildren will go on to live wealthier more prosperous lives than their own. People put countless hours of thought and planning into things like their children's education, life insurance, and estate inheritance to make this dream a reality, but overwhelmingly it is still not coming true... If you were to ask any random person on the street what it is that they knew about economics there is a pretty good chance that the first thing that they would blurt out would be the words "Supply & Demand". The number of people out there willing and able to buy a good or service versus the number of people out there willing to sell a good or service, all individually vying to get the best possible price. If demand increases prices increase, if demand falls prices fall and vice versa with supply. The only issue is that this rosy picture is in no way a reflection of the real world... Then there is Kazakhstan, this country has one of the most exciting economies in the world. What was once a mistreated soviet state has now gone onto be the largest and wealthiest economy in central Asia, one that is welcoming foreign trade, international investment and advanced development of technologies to continue this growth into the future. On top of this, it is a central member of one of the most interesting, and influential however overlooked trading blocs operating in the world today. But of course, it has not been without its difficulties, it may very well be the most prosperous nation in central Asia, but central Asia is a rough old neighborhood to be the king of...