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

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collection.link.76
https://openknowledge.worldbank.org/handle/10986/2184
collection.name.76
Country Economic Memorandum
dc.contributor.author
World Bank
dc.date.accessioned
2012-03-19T10:24:25Z
dc.date.available
2012-03-19T10:24:25Z
dc.date.issued
2010-06-25
dc.description.abstract
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.
en
dc.identifier.uri
http://hdl.handle.net/10986/2908
dc.language
English
dc.publisher
World Bank
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
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
en
okr.date.disclosure
2010-09-28
okr.doctype
Economic & Sector Work :: Country Economic Memorandum
okr.docurl
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
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Finance and Markets
okr.globalpractice
Finance and Markets
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000333038_20100928233414
okr.identifier.internaldocumentum
12815052
okr.identifier.report
54371
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2010/09/28/000333038_20100928233414/Rendered/PDF/543710ESW0WHIT1IC10BEP0Note021Final.pdf
en
okr.region.administrative
Europe and Central Asia
okr.region.country
Belarus
okr.region.geographical
Europe
okr.region.geographical
Eastern Europe
okr.region.geographical
Commonwealth of Independent States
okr.sector
Health
okr.sector
General public administration sector
okr.sector
General industry and trade sector
okr.sector
General finance sector
okr.sector
General education sector
okr.sector
Health and other social services
okr.sector
Public Administration
okr.sector
Law
okr.sector
Public Administration, Law, and Justice
okr.sector
Industry and trade
okr.sector
Finance
okr.sector
Education
okr.topic
International Economics and Trade :: Access to Markets
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
International Economics and Trade :: Free Trade
okr.topic
Macroeconomics and Economic Growth :: Markets and Market Access
okr.topic
Macroeconomics and Economic Growth :: Economic Theory & Research
okr.unit
Poverty Reduction/Econ Mngmt (ECSPE)
okr.volume
2 of 3

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