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How a currency devaluation in Kazakhstan made the country’s poor worse off

  • Written by: Anatoli Colicev, Chair in Marketing, Strategy and Analytics, University of Liverpool

It is the job of the government to keep a country’s economy in check. But sometimes policies don’t work out as planned. Governments often take economic decisions that follow specific political agendas, and these decisions are not always beneficial for everyone.

Take, for example, a currency devaluation – the deliberate downward...

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