Belarus : Window of Opportunity to Enhance Competitiveness and Sustain Economic Growth, A Country Economic Memorandum (CEM) for the Republic of Belarus, Volume 1, Main Report

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dc.creatorWorld Bank
dc.date2012-06-18T20:35:34Z
dc.date2012-06-18T20:35:34Z
dc.date2005-11
dc.date.accessioned2026-07-01T01:16:40Z
dc.descriptionThis Country Economic Memorandum (CEM) for the Republic of Belarus takes stock of the growth trends in the country's economy since 1996, reviews the evidence of the accumulated challenges and risks within the existing growth patterns, and provides recommendations aimed at strengthening growth sustainability. In sum, while economic growth in the last nine years has been impressive, the report argues that maintaining the current growth strategy would lead to a gradual erosion of economic competitiveness. The government should make significant policy adjustments by reorienting its policies toward ensuring a better business environment, and a smaller sized government. Current international and domestic environment are favorable for supporting a policy shift toward the acceleration of structural reforms. At the moment, the government is well equipped to mitigate the potential costs of these reforms, because the policy settings are largely determined by the growing economy, the positive trends in both the enterprise and the household sectors, favorable developments in the global economy, low debt, and the strong administrative capacity of the state. This situation could change: various pressures might become stronger, and then these same reforms would become politically more costly, and fiscally more risky. In short, the current window of opportunity should be used to ensure that the authorities' growth and poverty objectives are sustainable in the medium to long terms. The analysis in this report has documented a significant and broad-based growth, while pointing to the erosion of several important factors that have driven this growth recently. The Belarusian economy is facing a considerable risk of declining competitiveness. To sustain growth, a significant policy adjustment is necessary to enhance market discipline, and encourage new business entry.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2005/11/6462900/belarus-window-opportunity-enhance-competitiveness-sustain-economic-growth-country-economic-memorandum-cem-republic-belarus-vol-1-2-main-report
dc.identifierhttps://hdl.handle.net/10986/8353
dc.identifierhttps://doi.org/10.1596/8353
dc.identifier.urihttp://hdl.handle.net/123456789/416649
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectAGRICULTURAL OUTPUT
dc.subjectAGRICULTURAL PRODUCTION
dc.subjectAGRICULTURE
dc.subjectANNUAL GROWTH
dc.subjectAVERAGE ANNUAL GROWTH
dc.subjectBANKRUPTCY
dc.subjectBUDGET DEFICITS
dc.subjectBUDGETARY SUPPORT
dc.subjectCAPITAL INVESTMENTS
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPARATIVE ADVANTAGES
dc.subjectCOMPETITIVE ADVANTAGE
dc.subjectCOMPETITIVE ADVANTAGES
dc.subjectCOMPETITIVENESS
dc.subjectCOMPLEMENTARITY
dc.subjectCONSUMER PRICES
dc.subjectDATA QUALITY
dc.subjectDEBT
dc.subjectDEVELOPMENT INDICATORS
dc.subjectDOMESTIC CREDIT
dc.subjectDOMESTIC SAVINGS
dc.subjectDUMPING
dc.subjectECONOMIC ACTIVITIES
dc.subjectECONOMIC COOPERATION
dc.subjectECONOMIC EXPANSION
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC INCENTIVES
dc.subjectECONOMIC MANAGEMENT
dc.subjectEXCHANGE RATE
dc.subjectEXPORT MARKET
dc.subjectEXPORT MARKETS
dc.subjectEXPORT PROMOTION
dc.subjectEXPORTS
dc.subjectFOREIGN CURRENCY
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGROWTH MODELS
dc.subjectGROWTH PERFORMANCE
dc.subjectGROWTH RATES
dc.subjectHEADCOUNT RATIO
dc.subjectINCOME
dc.subjectINDUSTRIAL DEVELOPMENT
dc.subjectINFLATION
dc.subjectINFLATION TAX
dc.subjectINTEREST RATES
dc.subjectINVENTORIES
dc.subjectLABOR MARKET
dc.subjectMACROECONOMIC CONDITIONS
dc.subjectMACROECONOMIC FRAMEWORK
dc.subjectMACROECONOMIC PERFORMANCE
dc.subjectMACROECONOMIC POLICIES
dc.subjectMARKET TRENDS
dc.subjectMERCHANDISE
dc.subjectMERCHANDISE EXPORTS
dc.subjectMERCHANDISE IMPORTS
dc.subjectMERCHANDISE TRADE
dc.subjectNATIONAL ACCOUNTS
dc.subjectNATIONAL OUTPUT
dc.subjectOUTPUT GROWTH
dc.subjectOWNERSHIP STRUCTURE
dc.subjectPOVERTY REDUCTION
dc.subjectPRICE LEVELS
dc.subjectPRICE REGULATION
dc.subjectPRODUCER PRICE
dc.subjectPRODUCER PRICE INDEX
dc.subjectPRODUCER PRICES
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPROFIT MARGIN
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC EXPENDITURE
dc.subjectPURCHASING
dc.subjectPURCHASING POWER
dc.subjectPURCHASING POWER PARITY
dc.subjectREAL EXCHANGE RATES
dc.subjectREAL WAGES
dc.subjectREGULATORY REGIMES
dc.subjectRETAIL
dc.subjectRETAIL PRICES
dc.subjectRETAIL TRADE
dc.subjectSALES
dc.subjectSOCIAL PROTECTION
dc.subjectSOFT BUDGET CONSTRAINTS
dc.subjectSTRUCTURAL CHANGE
dc.subjectSUPPLIERS
dc.subjectTARIFF BARRIERS
dc.subjectTAXATION
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTFP
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTOTAL OUTPUT
dc.subjectTRADE BALANCE
dc.subjectTRANSITION ECONOMIES
dc.subjectUNEMPLOYMENT
dc.subjectUNEMPLOYMENT RATE
dc.subjectVALUE ADDED
dc.subjectWAGES
dc.subjectWTO
dc.titleBelarus : Window of Opportunity to Enhance Competitiveness and Sustain Economic Growth, A Country Economic Memorandum (CEM) for the Republic of Belarus, Volume 1, Main Report

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