1. FOREIGN CAPITAL AND PROBLEM OF ENSURING OF NATIONAL ECONOMIC INTERESTS
Axana PANZABEKOVA, PhD Head, Department of the Theory of National Economy and Institutional Policy
Institute of Economics
Ministry of Education and Science
Republic of Kazakhstan

2. Interests of the foreign capital

3. Factors of attraction of the foreign capital
Labours
good quality of man power
low cost of man power
Infrastructural
developed production infrastructure
developed telecommunicational infrastructure
developed social infrastructure
Financial
developed banking area
developed insurance area
Macro economical
economic growth
high effective demand
large market capacity
Investment policy
tax privileges and preferences with the purpose of investments attraction
insurance of private investments
creation of special economic areas
Socio-political
stability of socio-political situation in the country
Geopolitical
geographical situation of the country in relation to other countries
passing through the territory of the major transport ways, presence of seaports

4. Threats of the foreign capital to national interests

5. Name of activity status
Sectoral structure of direct foreign investments in Kazakhstan in , in %
Name of activity status
Years
2002
2003
2004
2005
2006
2007 1 2 3 4 5 6 7
Agriculture, hunting, forestry and fishery
0,1
0,0
0,2
Mineral resource industry, including:
51,7
47,5
64,5
27,5
1,5
11,3
- coal and linitis plastica production, peat exploitation
- 0,1
1,1
0,4
- crude oil and natural gas extraction
50,4
45,9
63,5
25,8
10,1
- uranic ore extraction
0,5
0,3
- metallic ore extraction
0,8
- other mineral resource industries -
Manufacturing industry
20,3
21,7
6,1
4,4
13,0
5,9
Production and distribution of electrical energy, gas and water
1,9
Construction
1,8
2,0
3,9
Trade, car and home use manufacture maintenance
2,6
3,6
3,2
11,8
10,0
Hotels and restaurants
Transport and communication
2,3
1,6
1,0
1,7
2,7
3,8
Financing activities
1,3
10,4
58,0
Immovable property operations, rent and services for enterprises
20,6
21,6
21,3
54,1
53,9
7,9
Education, health protection and social services
0,9
0,02
Other kinds of activities
2,4
T O T A L
100

6. Criterion Foundations Mechanisms
Concept of national interests ensuring in sphere of attraction and use of the foreign capital
Criterion
country competitiveness ensuring
population employment ensuring
advocacy of domestic commodity producer
Foundations
economic expediency of investment projects
priority selection of donor countries
minimum commercial risk for country
correlation with purposes of economic policy
environmental safety
non-admission of illegal export of capital outside of country
limitation or non-admission of foreign capital in sectors having strategical importance for national economy
Mechanisms
economic mechanisms of attraction and use of the foreign investments
administrative control of attraction and use of foreign investments
organizational mechanism of attraction and use of foreign investments
government regulation of attraction and use of foreign borrowings

7. Thank you for attention!
Dr. Axana Panzabekova
Tel: ;