Publication:
Belarus - Industrial Performance before and During the Global Crisis : Belarus Economic Policy Notes - Note No. 1

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-03-19T10:24:23Z
dc.date.available2012-03-19T10:24:23Z
dc.date.issued2010-06-25
dc.description.abstractThis 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.en
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20100928232055
dc.identifier.doi10.1596/2906
dc.identifier.urihttps://hdl.handle.net/10986/2906
dc.languageEnglish
dc.publisherWorld Bank
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CREDIT
dc.subjectACCESS TO FINANCE
dc.subjectACCOUNTABILITY
dc.subjectADMINISTRATIVE BARRIERS
dc.subjectAGRICULTURE
dc.subjectALLOCATION MECHANISMS
dc.subjectARREARS
dc.subjectATTRITION
dc.subjectAUTONOMY
dc.subjectAVAILABILITY OF CREDIT
dc.subjectAVERAGE PRODUCTIVITY
dc.subjectBALANCE OF PAYMENTS
dc.subjectBANK CREDIT
dc.subjectBANK CREDITS
dc.subjectBANK LOANS
dc.subjectBANK RECAPITALIZATION
dc.subjectBANKING SYSTEM
dc.subjectBANKRUPTCY
dc.subjectBUDGET CONSTRAINTS
dc.subjectBUSINESS DEVELOPMENT
dc.subjectBUSINESS ENTRY
dc.subjectBUSINESS PLANS
dc.subjectCAPITAL STOCK
dc.subjectCENTRAL BANKS
dc.subjectCENTRALIZATION
dc.subjectCOMMERCIAL BANKING
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPETITIVE ADVANTAGES
dc.subjectCOMPETITIVENESS
dc.subjectCONSOLIDATION
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONSUMER SUBSIDIES
dc.subjectCONSUMERS
dc.subjectCORRUPTION
dc.subjectCOST OF CREDIT
dc.subjectCPI
dc.subjectCREDIT ALLOCATION
dc.subjectCREDIT ALLOCATIONS
dc.subjectCREDIT AVAILABILITY
dc.subjectCREDIT DECISIONS
dc.subjectCREDIT GUARANTEES
dc.subjectCREDIT LINES
dc.subjectCREDIT MARKETS
dc.subjectCREDIT POLICY
dc.subjectCREDIT PROGRAMS
dc.subjectCREDITS
dc.subjectCUSTOMER DEMAND
dc.subjectDEVELOPMENT POLICY
dc.subjectDIRECT CREDIT
dc.subjectDIRECTED CREDIT
dc.subjectDIRECTED CREDITS
dc.subjectDRIVERS
dc.subjectECONOMIC COOPERATION
dc.subjectECONOMIC DYNAMICS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC POLICY
dc.subjectECONOMIC RECOVERY
dc.subjectECONOMIC SECTORS
dc.subjectECONOMIC STRUCTURE
dc.subjectECONOMIC SYSTEM
dc.subjectECONOMIES IN TRANSITION
dc.subjectEDUCATIONAL CAMPAIGNS
dc.subjectEFFECTIVE ALLOCATION
dc.subjectEMPLOYER
dc.subjectEMPLOYMENT
dc.subjectEMPLOYMENT GROWTH
dc.subjectENERGY EFFICIENCY
dc.subjectENTERPRISE CREDIT
dc.subjectENTERPRISE GROWTH
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectEXPLICIT SUBSIDIES
dc.subjectEXPORT EARNINGS
dc.subjectEXPORT GROWTH
dc.subjectEXPORTS
dc.subjectFINANCIAL DISTRESS
dc.subjectFINANCIAL PERFORMANCE
dc.subjectFINANCIAL RESOURCES
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SUPPORT
dc.subjectFISCAL RESOURCES
dc.subjectFIXED CAPITAL
dc.subjectFOREIGN CURRENCY
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN DIRECT INVESTMENTS
dc.subjectGDP
dc.subjectGOVERNMENT DIRECTED CREDIT
dc.subjectGOVERNMENT INTERVENTIONS
dc.subjectGOVERNMENT POLICIES
dc.subjectGOVERNMENT POLICY
dc.subjectGREATER ACCESS
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH RATE
dc.subjectHIGH INTEREST RATE
dc.subjectHIGH INTEREST RATES
dc.subjectHIGH WAGES
dc.subjectHOUSEHOLDS
dc.subjectHOUSING
dc.subjectHUMAN CAPITAL
dc.subjectINDUSTRIAL ENTERPRISES
dc.subjectINEQUALITY
dc.subjectINFLATION
dc.subjectINNOVATION
dc.subjectINNOVATIONS
dc.subjectINSTALLMENT
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BANK
dc.subjectINVENTORIES
dc.subjectINVENTORY
dc.subjectINVESTMENT GRANTS
dc.subjectLABOR COSTS
dc.subjectLABOR MARKET
dc.subjectLABOR MARKET ISSUES
dc.subjectLABOR MARKETS
dc.subjectLABOR MOBILITY
dc.subjectLABOR MOVEMENTS
dc.subjectLABOR PRODUCTIVITY
dc.subjectLABOR REGULATIONS
dc.subjectLABOR SHORTAGES
dc.subjectLABOR TURNOVER
dc.subjectLABOUR
dc.subjectLABOUR PRODUCTIVITY
dc.subjectLEGISLATION
dc.subjectLENDING POLICIES
dc.subjectLIQUIDATION
dc.subjectLOAN
dc.subjectLOCAL GOVERNMENT
dc.subjectLOCAL GOVERNMENTS
dc.subjectMACROECONOMIC MANAGEMENT
dc.subjectMACROECONOMIC POLICY
dc.subjectMANDATES
dc.subjectMARKET DISCIPLINE
dc.subjectMARKET DISTORTIONS
dc.subjectMARKET INEFFICIENCY
dc.subjectMARKET INSTRUMENTS
dc.subjectMARKET PRICES
dc.subjectMETALS
dc.subjectMIDDLE INCOME COUNTRY
dc.subjectNATIONAL ECONOMY
dc.subjectNEW ENTRANTS
dc.subjectOIL
dc.subjectOIL PRICES
dc.subjectOUTPUTS
dc.subjectOWNERSHIP STRUCTURE
dc.subjectPENALTIES
dc.subjectPERVERSE INCENTIVES
dc.subjectPRICE CONTROLS
dc.subjectPRICE INCREASES
dc.subjectPRIVATIZATION
dc.subjectPRIVILEGED ACCESS
dc.subjectPRODUCERS
dc.subjectPRODUCT MARKETS
dc.subjectPRODUCTION PROCESSES
dc.subjectPRODUCTIVE ASSETS
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPRODUCTIVITY INCREASES
dc.subjectPROFIT MARGINS
dc.subjectPROFIT MAXIMIZATION
dc.subjectPROFIT MOTIVE
dc.subjectPROFITABILITY
dc.subjectPROFITABLE BUSINESS
dc.subjectPUBLIC FINANCE
dc.subjectPUBLIC SERVICES
dc.subjectPUBLIC TRANSPORTATION
dc.subjectPURCHASING POWER
dc.subjectPURCHASING POWER PARITY
dc.subjectREAL GDP
dc.subjectRECAPITALIZATION
dc.subjectRECESSION
dc.subjectRENT SEEKING
dc.subjectRENTS
dc.subjectREPAYMENT
dc.subjectRESOURCE ALLOCATION
dc.subjectSAVINGS
dc.subjectSKILLED LABOR
dc.subjectSMALL BUSINESSES
dc.subjectSOCIAL DEVELOPMENT
dc.subjectSOFT BUDGET CONSTRAINTS
dc.subjectSOURCES OF INCOME
dc.subjectSTATE ENTERPRISES
dc.subjectSTATE SUPPORT
dc.subjectSUBSIDIARIES
dc.subjectSUBSIDIZATION
dc.subjectSUPPLIERS
dc.subjectSUPPLY CHAINS
dc.subjectTAX ADMINISTRATION
dc.subjectTAX CREDIT
dc.subjectTAX EXEMPTIONS
dc.subjectTAX INCENTIVES
dc.subjectTAX REVENUES
dc.subjectTAXATION
dc.subjectTERM CREDIT
dc.subjectTERMS OF TRADE
dc.subjectTIMBER
dc.subjectTOTAL COSTS
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTOTAL OUTPUT
dc.subjectTRADE NEGOTIATIONS
dc.subjectTRANSITION ECONOMIES
dc.subjectUNION
dc.subjectVALUE ADDED
dc.subjectWAGE INCREASES
dc.subjectWAGE POLICY
dc.subjectWAGES
dc.subjectWORKING CAPITAL
dc.subjectWORLD TRADE ORGANIZATION
dc.subjectWTO
dc.titleBelarus - Industrial Performance before and During the Global Crisis : Belarus Economic Policy Notes - Note No. 1en
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.date.disclosure2010-09-28
okr.date.doiregistration2025-05-07T09:09:20.978539Z
okr.doctypeEconomic & Sector Work::Country Economic Memorandum
okr.docurlhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20100928232055
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeSocial Protection and Labor
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeFinance and Markets
okr.guid322351468014420195
okr.guid337961468013864587
okr.guid854011468005686809
okr.guid184311468014419542
okr.guid860881468013862904
okr.guid111921468206684035
okr.identifier.externaldocumentum000333038_20100928232055
okr.identifier.internaldocumentum12815001
okr.identifier.report54371
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/09/28/000333038_20100928232055/Rendered/PDF/543710ESW0WHIT1IC10BEP0Note011Final.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryBelarus
okr.region.geographicalEurope
okr.region.geographicalEastern Europe
okr.region.geographicalCommonwealth of Independent States
okr.sectorHealth
okr.sectorGeneral public administration sector
okr.sectorGeneral industry and trade sector
okr.sectorGeneral finance sector
okr.sectorGeneral education sector
okr.sectorHealth and other social services
okr.sectorPublic Administration
okr.sectorLaw
okr.sectorPublic Administration, Law, and Justice
okr.sectorIndustry and trade
okr.sectorFinance
okr.sectorEducation
okr.topicSocial Protections and Labor::Labor Policies
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicMacroeconomics and Economic Growth::Economic Theory & Research
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicEnvironment::Environmental Economics & Policies
okr.unitPoverty Reduction/Econ Mngmt (ECSPE)
okr.volume1 of 3
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