Developing the ways of managing the financial market functions in the railway transportation of Kazakhstan during the crisis

Abstract

The stability of economic relations is the basis of intensive development of an each country. Variation of economic factors in the globalization process of the market economy is very important in maintaining the competitiveness of the Republic of Kazakhstan (RoK) in the world system of market relations. The globalization of the market economy and growing competitiveness directly affect the economic stability of the country. The dynamics of the financial market makes contributions not only in micro level but also in macro level. Accumulation of financial resources in selected market and the balance between fluctuating economic factors that affect them are proof for functioning of the financial market. In addition, we are discussing here about institutional changes, changes in the normative and legal acts, also about governmental support for reform processes which affect to the management of railway transportation. The paper determines the funding problems in passenger transportation requires the direct participation of the government.