This article aims to contribute to discussions held by the academic community that has extensively researched the EU’s green transition. The author underlines that a transdisciplinary approach involving legal, economic, and political tools provide a comprehensive cross-fertilisation methodology. The article observes implications related to EU green policies and public management instruments from two perspectives: the broadening of green transition to socio economic dimensions; and the role of government intervention in economic and green business development to illustrate examples of relevant practices in the EU. The author argues that such a methodological approach can help one to assess the actions and measures related to the green economic and business development trends that require societal support as well as the improvement of economic efficiency at the EU and national level. This contribution offers insights into the concept of green economic transitions and innovation as well as the impact of public services focused on societal change. The article concludes that a decision-making process that is based on a cross-fertilisation approach allows the implementation of green policies in national economies in the most effective manner and, in turn, provides welfare effects due to the enhancement of public administration services in their coordinated actions with entrepreneurial activities and business investments. On a wider regional scale, government/private business green partnership represents a tool that inevitably helps increase the environmental and green competitiveness of the EU and its Member States.
This article deals with the convergence of the Kazakh financial system with international standards in light of the new, enhanced agreement with the European Union on partnership and cooperation (January 19, 2015). Based on this research, the approaches used by the Kazakh financial system to converge with the European Union (EU) and the mechanism of implementing international standards in the national regulatory framework are determined. In practice, the study provides justification for the necessity of arranging the systematization of existing rules and regulations covering financial activity in the Republic, eliminating discrepancies between the national regulatory framework and international standards, and determining clear security guarantees for foreign investors’ financial activity in the Republic. The research results are primarily focused on the development of public finance management theory. Theories and conclusions present in the study can be used in the educational processes of economic and legal institutions and in the policymaking activity of public finance management bodies.
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