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The belarusian model of economic transition and industrialization

Title
The belarusian model of economic transition and industrialization
Authors
Song M.Y.Mah J.S.
Ewha Authors
마재신
SCOPUS Author ID
마재신scopus
Issue Date
2020
Journal Title
Perspectives on Global Development and Technology
ISSN
1569-1500JCR Link
Citation
Perspectives on Global Development and Technology vol. 19, no. 3, pp. 359 - 382
Keywords
BelarusCentral planningEconomic developmentGradualismIndustrialization
Publisher
Brill Academic Publishers
Indexed
SCOPUS scopus
Document Type
Article
Abstract
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. © Koninklijke Brill NV, Leiden, 2020.
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DOI
10.1163/15691497-12341560
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스크랜튼대학 > 국제학부 > Journal papers
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