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The Belarusian Model of Economic Transition and Industrialization
Perspectives on Global Development and Technology Pub Date : 2020-09-08 , DOI: 10.1163/15691497-12341560
Min Young Song 1 , Jai S. Mah 2
Affiliation  

This article discusses the economic development of Belarus, which took the gradualist approach in transition. Rejecting the Washington Consensus—based reform, Belarus experienced a quick recovery during the 1990s and rapid economic growth during the early to mid-2000s. The government took various policy measures to ensure the structure of a centrally planned economy. These measures included price control, emphasis on the large state-owned enterprises, restrictions on foreign direct investment (FDI) inflows, and tariff protection. Facing limits to economic growth since the late 2000s, the government has undertaken liberalization measures including price decontrol, promotion of small and medium-sized enterprises, derestriction of FDI inflows, and trade liberalization. In the meantime, realizing the role of industrialization, it placed an emphasis on development of the manufacturing sector by lowering tariff rates imposed on capital goods. Finally, the article provides policy implications for the other developing and transition economies pursuing economic development in light of the experience of Belarus.



中文翻译:

白俄罗斯的经济转型和工业化模式

本文讨论了白俄罗斯的经济发展,它采取了渐进的过渡方式。白俄罗斯拒绝接受基于华盛顿共识的改革,在1990年代经历了快速复苏,在2000年代初至中期经历了快速的经济增长。政府采取了各种政策措施,以确保中央计划经济的结构。这些措施包括价格控制,对大型国有企业的强调,对外国直接投资(FDI)流入的限制以及关税保护。自2000年代后期以来,由于面临经济增长的限制,政府采取了一些自由化措施,包括放宽价格,促进中小企业发展,限制外国直接投资。流入和贸易自由化。同时,在意识到工业化的作用的同时,它通过降低对资本货物征收的关税率来强调制造业的发展。最后,根据白俄罗斯的经验,本文为追求经济发展的其他发展中经济体和转型经济体提供了政策含义。

更新日期:2020-09-08
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