Academician Sagadiyev proposes creating a new economic model

ASTANA. March 12. KAZINFORM /Muratbek Makulbekov/ Speaking at the II Astana Economic Forum ?Economic Security of Eurasia in the System of Global Risks?, deputy of Kazakhstan Majilis academician Kenzhegali Sagadiyev proposed creating a new economic model; Kazinform reports.

He pointed out the disadvantages of the current financial and economic relations in the world, which lead to crises. ?I propose a new model, a new economic paradigm. First of all, it is formation of new mechanisms and rules of international financial monetary and lending relations, and the international institutions which regulate these relations. Secondly, it is creation of a new world altertative currency which will be supranational and which our President have already spoken about. Thirdly, it is refusal from monetarism and optimal use of the two levers of economic regulation ? market and government levers. Lastly, we need to refuse from the hedonic principles of life organization and social practice?, Sagadiyev said.