Economic Growth in Belarus (1996-2004): Main Drivers and Risks
Return to Growth in CIS Countries, 2006, pp. 213-266
54 Pages Posted: 27 Feb 2014
Date Written: September 25, 2006
Abstract
This chapter takes stock of growth trends in Belarusian economy since 1996, reviews the evidence of accumulated challenges and risks within the existing growth patterns, and provides policy recommendations aimed at strengthening growth sustainability. In sum, while economic growth in Belarus in the last nine years was impressive, the chapter argues that sticking with the current growth strategy would lead to a gradual erosion of economic competitiveness. The Government of Belarus (GOB) should make significant policy adjustments by reorienting its policies toward ensuring a better business environment and a lower size of government.
Keywords: Belarus, economy in transition, subsidies
JEL Classification: P26, P27, P31
Suggested Citation: Suggested Citation
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