Abstract:

The Kazakhstan model of the labor market is formed in the conditions of dominance of the export-raw model of economic development. The problem of modernizing the labor market as a potential driver of economic growth has become relevant in connection with the exhaustion of the potential of the existing model and the reorientation of economic policy towards the industrial and innovative development of the country. The study attempts to conduct a comparative analysis of the labor market efficiency impact on economic growth in Kazakhstan and developed countries.  The goal of the paper is to determine what their similarities and differences are on this basis, and to identify opportunities for modernization of the labor market that could potentially qualify as a driver of economic growth in Kazakhstan.