| Issue |
SHS Web Conf.
Volume 212, 2025
1st International Conference on Advanced Research in Sustainable Economic and Social Science (ICARSESS-24)
|
|
|---|---|---|
| Article Number | 04061 | |
| Number of page(s) | 11 | |
| Section | Social Science for Sustainable Development | |
| DOI | https://doi.org/10.1051/shsconf/202521204061 | |
| Published online | 05 March 2025 | |
Government Roles and Public Investment Strategies in Economic Development
1 Esil University, Astana, Kazakhstan
2 Caspian University of Technologies and Engineering after Sh.Yessenov, Aktau, Kazakhstan
* Corresponding author: bbeisengaliyev@gmail.com
This study examines the evolution of government participation in the economy, analyzing key theoretical approaches and strategic directions of public investment. The research explores contrasting views from classical liberalism, advocating minimal state intervention, to Keynesian and neo-institutional perspectives that emphasize government regulation for economic stability and social equity. The findings highlight the role of public investment in infrastructure, environmental sustainability, innovation, and social programs, illustrating successful policies across different economies. A major gap identified is the lack of a universal framework for optimizing public investment while balancing economic growth and market efficiency. The study underscores the implications of government intervention in fostering long-term economic resilience and addressing market failures. Future research should focus on integrating institutional adaptability with strategic public investment models to enhance policy effectiveness.
© The Authors, published by EDP Sciences, 2025
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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