Abstract: According to the Two-Gap Model,the paper analyzes the Kazakhstan with foreign capital continued massive inflows,although the savings and foreign exchange “Two-Gap Model” gradually turned into “double surplus”,Kazakhstan is still through various investment policies to attract foreign investment.This change does not mean that deviate from the “Two Gap Model”,but because of Kazakhstan is in the process of attracting foreign capital,the technology spillover effect has not been a good release.Although the flows has introduced large enough but the technology content is still insufficient,the paper further through the Kazakhstan investment policy adjustment combing,Kazakhstan has begun to gradually improve the quality of the introduction of foreign capital requirements.This change also puts forward higher requirements on the participation of Kazakhstan investment for Chinese enterprises.

Key words: Kazakhstan, Foreign Investment Policy, Two-Gap Model

摘要： 依据两缺口模型,随着哈萨克斯坦外资的持续流入,哈国的储蓄和外汇“两缺口”逐渐转为“双盈余”,但是哈国依旧通过各种投资政策吸引外资,这是由于哈国在吸引外资的过程中,其技术溢出效应并没有得到很好的释放,虽然已经引入大量资金,但是科技含量依然不足。通过对哈国投资政策调整的梳理发现,哈国逐渐提高对引入外资的质量要求,这一变化对参与对哈国投资的中国企业提出了更高的要求。

关键词: 哈萨克斯坦, 外资政策, 两缺口模型