Belarus - Industrial Performance Before and During the Global Crisis :  Belarus Economic Policy Notes : Note No. 2

World Bank

dc.creator	World Bank
dc.date	2012-03-19T10:24:25Z
dc.date	2012-03-19T10:24:25Z
dc.date	2010-06-25
dc.date.accessioned	2023-02-17T20:43:49Z
dc.date.available	2023-02-17T20:43:49Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20100928233414
dc.identifier	http://hdl.handle.net/10986/2908
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/243264
dc.description	This note attempts to analyze and tentatively answer these questions by focusing on the drivers of growth and productivity, labor markets and enterprise restructuring, as well as the state system of enterprise support, which is key to understanding the interplay between the state and the economy in Belarus. The period of analysis covers 2004-08 with appropriate references to the previous periods and comparisons with Russia and/or other Commonwealth of Independent States (CIS) countries. The final section explores the Belarus's industrial performance in the period of the global crisis (late 2008-09) and reviews the government's policies that have been largely responsible for a relatively mild effect of the crisis on economic dynamics in the country. The analysis is based on the official statistics provided to the team by the National Statistics Committee (Belstat), National Bank, and various ministries, as well as statistics from other national and international statistical sources. In addition, the analysis benefited from the data provided by various enterprise surveys undertaken by the Research Institute by the Ministry of Economy (RIME) and from two sector case studies (in machinery and dairy sub-sectors). Belarus has weathered the crisis so far better than most of its neighbors, in part due to the government policies to boost domestic demand in a predominantly state-owned and controlled economy. This was achieved at a considerable macroeconomic cost. The country's ability to sustain possible future shocks declined, and macroeconomic risks increased. The crisis has further exposed risks associated with the Government of Belarus (GOB) practice of heavy reliance on administratively set targets for large and medium-size enterprises, especially targets for output and average wage growth.
dc.language	English
dc.publisher	World Bank
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	ACCOUNTING
dc.subject	ADMINISTRATIVE CONTROLS
dc.subject	ADVERSE EFFECT
dc.subject	AGRICULTURAL PRODUCE
dc.subject	AGRICULTURE
dc.subject	APPAREL
dc.subject	AVAILABILITY OF BANK CREDIT
dc.subject	AVERAGE PRICE
dc.subject	AVERAGE PRICES
dc.subject	BANK LOANS
dc.subject	BARRIERS TO GROWTH
dc.subject	BENEFICIARIES
dc.subject	BILATERAL TRADE
dc.subject	BUSINESS ENVIRONMENT
dc.subject	CAPITAL GOODS
dc.subject	CHANGES IN TRADE
dc.subject	COMPARATIVE ADVANTAGE
dc.subject	COMPARATIVE ADVANTAGES
dc.subject	COMPETITIVE ADVANTAGE
dc.subject	COMPETITIVE ADVANTAGES
dc.subject	COMPETITIVE POSITION
dc.subject	COMPETITIVE PRESSURES
dc.subject	COMPETITIVENESS
dc.subject	CONSUMER GOODS
dc.subject	COST EFFECTIVENESS
dc.subject	CURRENCY
dc.subject	CURRENT ACCOUNT
dc.subject	CURRENT ACCOUNT BALANCE
dc.subject	CURRENT ACCOUNT DEFICIT
dc.subject	DEVELOPING COUNTRIES
dc.subject	DOMESTIC DEMAND
dc.subject	DOMESTIC MARKET
dc.subject	DOMESTIC MARKETS
dc.subject	DURABLE
dc.subject	DURABLE GOODS
dc.subject	ECONOMIC COOPERATION
dc.subject	ECONOMIC CRISIS
dc.subject	ECONOMIC LIBERALIZATION
dc.subject	ECONOMIC PERFORMANCE
dc.subject	ECONOMIC POLICIES
dc.subject	ECONOMIC POLICY
dc.subject	ECONOMIC RELATIONS
dc.subject	ECONOMIC STRUCTURE
dc.subject	ECONOMIES OF SCALE
dc.subject	EMERGING MARKET
dc.subject	EQUIPMENT
dc.subject	EXCHANGE RATE
dc.subject	EXCHANGE RATE POLICY
dc.subject	EXPORT DIVERSIFICATION
dc.subject	EXPORT DYNAMICS
dc.subject	EXPORT GROWTH
dc.subject	EXPORT MARKET
dc.subject	EXPORT MARKETS
dc.subject	EXPORT OPPORTUNITIES
dc.subject	EXPORT PERFORMANCE
dc.subject	EXPORT PRICE
dc.subject	EXPORT PRICES
dc.subject	EXPORT PROSPECTS
dc.subject	EXPORT VOLUMES
dc.subject	EXPORTER
dc.subject	EXPORTERS
dc.subject	EXTERNAL FINANCE
dc.subject	EXTERNAL MARKETS
dc.subject	EXTERNAL SHOCKS
dc.subject	EXTERNALITIES
dc.subject	FACTOR MARKETS
dc.subject	FACTOR PRICE
dc.subject	FINANCIAL SYSTEM
dc.subject	FOOD EXPORTS
dc.subject	FOOD INDUSTRY
dc.subject	FOREIGN BANK
dc.subject	FOREIGN COMPETITORS
dc.subject	FOREIGN DIRECT INVESTMENTS
dc.subject	FOREIGN EXCHANGE
dc.subject	FOREIGN FIRMS
dc.subject	FOREIGN MARKET
dc.subject	FOREIGN MARKETS
dc.subject	GDP
dc.subject	GDP PER CAPITA
dc.subject	GLOBAL ECONOMY
dc.subject	GLOBAL EXPORTS
dc.subject	GLOBAL INTEGRATION
dc.subject	GLOBAL MARKET
dc.subject	GLOBAL TRADE
dc.subject	GOVERNMENT INTERVENTIONS
dc.subject	GOVERNMENT REGULATIONS
dc.subject	GOVERNMENT SUPPORT
dc.subject	GROSS DOMESTIC PRODUCT
dc.subject	HOLDING
dc.subject	HOST ECONOMY
dc.subject	IMPACT OF TRADE
dc.subject	IMPORT RESTRICTIONS
dc.subject	INCOME
dc.subject	INCOME GROWTH
dc.subject	INDUSTRIAL PRODUCTS
dc.subject	INDUSTRIAL SECTOR
dc.subject	INDUSTRY TRADE
dc.subject	INFORMATION ASYMMETRY
dc.subject	INTANGIBLE
dc.subject	INTELLECTUAL PROPERTY
dc.subject	INTERMEDIATE GOODS
dc.subject	INTERNATIONAL BORROWING
dc.subject	INTERNATIONAL DEVELOPMENT
dc.subject	INTERNATIONAL MARKETS
dc.subject	INTERNATIONAL TRADE
dc.subject	INVESTMENT CLIMATE
dc.subject	KNOWLEDGE ECONOMY
dc.subject	LEGAL FRAMEWORK
dc.subject	MACROECONOMIC STABILITY
dc.subject	MACROECONOMIC VOLATILITY
dc.subject	MARKET ACCESS
dc.subject	MARKET COMPETITION
dc.subject	MARKET CONCENTRATION
dc.subject	MARKET CONDITIONS
dc.subject	MARKET DEMAND
dc.subject	MARKET DIVERSIFICATION
dc.subject	MARKET PARTICIPANTS
dc.subject	MARKET PRICES
dc.subject	MARKET SEGMENTS
dc.subject	MARKET SHARE
dc.subject	MARKET SHARES
dc.subject	MARKET SIZE
dc.subject	MARKET TRADING
dc.subject	MARKET TRENDS
dc.subject	MARKETING
dc.subject	MERCHANDISE
dc.subject	MERCHANDISE EXPORTS
dc.subject	MERCHANDISE IMPORTS
dc.subject	MERCHANDISE TRADE
dc.subject	METAL PRODUCTS
dc.subject	MUTUAL TRADE
dc.subject	NATIONAL BANK
dc.subject	NATURAL RESOURCES
dc.subject	NEGATIVE SHOCK
dc.subject	OIL PRICE
dc.subject	OPEN ECONOMY
dc.subject	OPPORTUNITY SET
dc.subject	PATTERNS OF TRADE
dc.subject	PREFERENTIAL MARKET ACCESS
dc.subject	PRICE ADVANTAGES
dc.subject	PRICE CONTROLS
dc.subject	PRICE INDEX
dc.subject	PRICE LEVEL
dc.subject	PRICE MOVEMENTS
dc.subject	PRICE REGULATION
dc.subject	PRIMARY GOODS
dc.subject	PRODUCT MARKETS
dc.subject	PRODUCT QUALITY
dc.subject	PRODUCTIVITY
dc.subject	PRODUCTIVITY GROWTH
dc.subject	PROFIT MARGINS
dc.subject	PROPERTY RIGHTS
dc.subject	PURCHASING
dc.subject	PURCHASING POWER
dc.subject	REAL GDP
dc.subject	RESERVES
dc.subject	RETAIL
dc.subject	RETAIL PRICES
dc.subject	RISK SHARING
dc.subject	SALE
dc.subject	SALES
dc.subject	SALES MARGINS
dc.subject	SERVICES MARKET
dc.subject	SHARE OF INVESTMENT
dc.subject	SOCIAL NETWORKS
dc.subject	SOFT BUDGET CONSTRAINT
dc.subject	SPECIALIZATION
dc.subject	SUBSTITUTE
dc.subject	SUPPLIERS
dc.subject	SUPPLY CHAINS
dc.subject	TARIFF BARRIERS
dc.subject	TAX
dc.subject	TAX POLICY
dc.subject	TAXATION
dc.subject	TECHNOLOGY TRANSFER
dc.subject	TERMS OF TRADE
dc.subject	TOTAL SALES
dc.subject	TRADE BALANCE
dc.subject	TRADE CREDIT
dc.subject	TRADE DATA
dc.subject	TRADE DEFICIT
dc.subject	TRADE DISPUTES
dc.subject	TRADE FLOWS
dc.subject	TRADE INTEGRATION
dc.subject	TRADE OPENNESS
dc.subject	TRADE PARTNERS
dc.subject	TRADE PATTERN
dc.subject	TRADE PATTERNS
dc.subject	TRADE PERFORMANCE
dc.subject	TRADE POLICY
dc.subject	VALUE ADDED
dc.subject	VOLATILITY
dc.subject	WAGES
dc.subject	WORLD MARKET
dc.subject	WORLD MARKETS
dc.subject	WORLD PRICES
dc.subject	WORLD TRADE
dc.subject	WTO
dc.title	Belarus - Industrial Performance Before and During the Global Crisis : Belarus Economic Policy Notes : Note No. 2
dc.type	Economic & Sector Work :: Country Economic Memorandum
dc.coverage	Europe and Central Asia
dc.coverage	Europe
dc.coverage	Eastern Europe
dc.coverage	Commonwealth of Independent States
dc.coverage	Belarus