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<article article-type="research-article" dtd-version="1.3" xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xml:lang="ru"><front><journal-meta><journal-id journal-id-type="publisher-id">voprecotest</journal-id><journal-title-group><journal-title xml:lang="ru">Вопросы экономики</journal-title><trans-title-group xml:lang="en"><trans-title>Voprosy Ekonomiki</trans-title></trans-title-group></journal-title-group><issn pub-type="ppub">0042-8736</issn><publisher><publisher-name>Voprosy Ekonomiki, NP</publisher-name></publisher></journal-meta><article-meta><article-id pub-id-type="doi">10.32609/0042-8736-2004-8-110-119</article-id><article-id custom-type="elpub" pub-id-type="custom">voprecotest-1932</article-id><article-categories><subj-group subj-group-type="heading"><subject>Research Article</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="ru"><subject>МЕЖДУНАРОДНАЯ ЭКОНОМИКА</subject></subj-group><subj-group subj-group-type="section-heading" xml:lang="en"><subject>INTERNATIONAL ECONOMICS</subject></subj-group></article-categories><title-group><article-title>Экономическая политика Казахстана в условиях высокого уровня иностранных инвестиций</article-title><trans-title-group xml:lang="en"><trans-title>Kazakhstan's Economic Policy under Conditions of High Level of Foreign Investments</trans-title></trans-title-group></title-group><contrib-group><contrib contrib-type="author" corresp="yes"><name-alternatives><name name-style="eastern" xml:lang="ru"><surname>Арыстанбеков</surname><given-names>К.</given-names></name><name name-style="western" xml:lang="en"><surname>Arystanbekov</surname><given-names>K.</given-names></name></name-alternatives><bio xml:lang="ru"><p>кандидат юридических наук, директор Азиатского агентства экономического анализа, руководитель аналитического центра Форума предпринимателей Казахстана</p><p> </p></bio><xref ref-type="aff" rid="aff-1"/></contrib></contrib-group><aff-alternatives id="aff-1"><aff xml:lang="ru"><institution>Азиатское агентство экономического анализа</institution><country>Казахстан</country></aff><aff xml:lang="en"><institution>Asian Agency for Economic Analysis</institution><country>Kazakhstan</country></aff></aff-alternatives><pub-date pub-type="collection"><year>2004</year></pub-date><pub-date pub-type="epub"><day>20</day><month>08</month><year>2004</year></pub-date><volume>0</volume><issue>8</issue><fpage>110</fpage><lpage>119</lpage><permissions><copyright-statement>Copyright &amp;#x00A9; Voprosy Ekonomiki, NP, 2004</copyright-statement><copyright-year>2004</copyright-year><copyright-holder xml:lang="ru">Voprosy Ekonomiki, NP</copyright-holder><copyright-holder xml:lang="en">Voprosy Ekonomiki, NP</copyright-holder><license xlink:href="https://www.vopreco.ru/jour/about/submissions#copyrightNotice" xlink:type="simple"><license-p>https://www.vopreco.ru/jour/about/submissions#copyrightNotice</license-p></license></permissions><self-uri xlink:href="https://www.vopreco.ru/jour/article/view/1932">https://www.vopreco.ru/jour/article/view/1932</self-uri><abstract><p>В данной статье исследуется экономическая политика Казахстана в области привлечения иностранных инвестиций в 1993-2002 гг. Особое внимание уделяется анализу их макроэкономической эффективности. Автор приходит к выводу, что высокие темпы экономического роста в Казахстане в 2000-2003 гг. объясняются не столько притоком иностранных инвестиций, сколько курсовой и валютной политикой денежных властей страны. Анализируется тенденция наращивания межфирменной задолженности и отрицательного сальдо счета текущих операций в пользу иностранных инвесторов.</p></abstract><trans-abstract xml:lang="en"><p>Kazakhstan's economic policy in the sphere of attracting foreign investments in 1993-2003 is considered in the article. Special attention is paid to the analysis of their macroeconomic efficiency. It is concluded that high rates of economic growth in Kazahkstan in 2000-2003 are conditioned not so much by the inflow of foreign investments as by exchange rate and currency policies of monetary authorities of the country. The tendency of growing interfirm indebtedness and negative balance of current accounts in favor of foreign investors is also analyzed.</p></trans-abstract><kwd-group xml:lang="ru"><kwd>Казахстан</kwd><kwd>иностранные инвестиции</kwd><kwd>экономический рост</kwd><kwd>платежный баланс</kwd></kwd-group><kwd-group xml:lang="en"><kwd>Kazakhstan</kwd><kwd>foreign investments</kwd><kwd>economic growth</kwd><kwd>interfirm indebtedness</kwd><kwd>balance of payments</kwd></kwd-group></article-meta></front><back><ref-list><title>References</title><ref id="cit1"><label>1</label><citation-alternatives><mixed-citation xml:lang="ru">Мауленов К. Государственное управление и правовое регулирование в области иностранных инвестиций в РК. Алматы: Жети жаргы, 2000.</mixed-citation><mixed-citation xml:lang="en">Мауленов К. Государственное управление и правовое регулирование в области иностранных инвестиций в РК. 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