LEGAL MECHANISM OF INVESTMENT SUPPORT OF THE REPUBLIC OF KAZAKHSTAN IN THE ECONOMIC SECURITY SYSTEM
DOI:
https://doi.org/10.52026/1994-408X_2020_63_5_159Keywords:
investment, economic security, investment security, investment activity, investment climate, investor, threat, national interest, protection of investors' rightsAbstract
The article is devoted to the issues of improvement of the legal mechanism of investment support in the Republic of Kazakhstan. The article identifies the main problems associated with the legal support of investment security. The importance of investments aimed at increasing the efficiency of the economy for achievement of the development goals of the state in modern conditions is obvious. In modern realities, “the state acts both as an investor and as an initiator and regulator of investment activity”. The state seeks to ensure economic security by protection of the national interests while observing guarantees for foreign investors and ensuring a favorable investment climate. The analysis of international experience in foreigners' access to public sectors of the world practice in attraction of the foreign investment is presented. The thesis on the need to use foreign investment in various sectors of the economy is considered, with the establishment of its feasibility and efficiency. According to the author, it is necessary to rely on these two criteria when developing the policy for the use of foreign capital. It appears that there are three blocks of industries, firstly, those that prohibit the infusion of foreign capital; secondly, limiting the use of foreign capital by obtaining a license; third, the equivalence of the conditions for the formation of companies with foreign and domestic investments. The organizational and legal mechanism for improvement