Belarus - Industrial Performance Before and During the Global Crisis : Belarus Economic Policy Notes : Note No. 2
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...
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| Format: | Country Economic Memorandum |
| Language: | English |
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World Bank
2012
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| Online Access: | 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 http://hdl.handle.net/10986/2908 |
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okr-10986-2908 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCOUNTING ADMINISTRATIVE CONTROLS ADVERSE EFFECT AGRICULTURAL PRODUCE AGRICULTURE APPAREL AVAILABILITY OF BANK CREDIT AVERAGE PRICE AVERAGE PRICES BANK LOANS BARRIERS TO GROWTH BENEFICIARIES BILATERAL TRADE BUSINESS ENVIRONMENT CAPITAL GOODS CHANGES IN TRADE COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVE ADVANTAGE COMPETITIVE ADVANTAGES COMPETITIVE POSITION COMPETITIVE PRESSURES COMPETITIVENESS CONSUMER GOODS COST EFFECTIVENESS CURRENCY CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT DEVELOPING COUNTRIES DOMESTIC DEMAND DOMESTIC MARKET DOMESTIC MARKETS DURABLE DURABLE GOODS ECONOMIC COOPERATION ECONOMIC CRISIS ECONOMIC LIBERALIZATION ECONOMIC PERFORMANCE ECONOMIC POLICIES ECONOMIC POLICY ECONOMIC RELATIONS ECONOMIC STRUCTURE ECONOMIES OF SCALE EMERGING MARKET EQUIPMENT EXCHANGE RATE EXCHANGE RATE POLICY EXPORT DIVERSIFICATION EXPORT DYNAMICS EXPORT GROWTH EXPORT MARKET EXPORT MARKETS EXPORT OPPORTUNITIES EXPORT PERFORMANCE EXPORT PRICE EXPORT PRICES EXPORT PROSPECTS EXPORT VOLUMES EXPORTER EXPORTERS EXTERNAL FINANCE EXTERNAL MARKETS EXTERNAL SHOCKS EXTERNALITIES FACTOR MARKETS FACTOR PRICE FINANCIAL SYSTEM FOOD EXPORTS FOOD INDUSTRY FOREIGN BANK FOREIGN COMPETITORS FOREIGN DIRECT INVESTMENTS FOREIGN EXCHANGE FOREIGN FIRMS FOREIGN MARKET FOREIGN MARKETS GDP GDP PER CAPITA GLOBAL ECONOMY GLOBAL EXPORTS GLOBAL INTEGRATION GLOBAL MARKET GLOBAL TRADE GOVERNMENT INTERVENTIONS GOVERNMENT REGULATIONS GOVERNMENT SUPPORT GROSS DOMESTIC PRODUCT HOLDING HOST ECONOMY IMPACT OF TRADE IMPORT RESTRICTIONS INCOME INCOME GROWTH INDUSTRIAL PRODUCTS INDUSTRIAL SECTOR INDUSTRY TRADE INFORMATION ASYMMETRY INTANGIBLE INTELLECTUAL PROPERTY INTERMEDIATE GOODS INTERNATIONAL BORROWING INTERNATIONAL DEVELOPMENT INTERNATIONAL MARKETS INTERNATIONAL TRADE INVESTMENT CLIMATE KNOWLEDGE ECONOMY LEGAL FRAMEWORK MACROECONOMIC STABILITY MACROECONOMIC VOLATILITY MARKET ACCESS MARKET COMPETITION MARKET CONCENTRATION MARKET CONDITIONS MARKET DEMAND MARKET DIVERSIFICATION MARKET PARTICIPANTS MARKET PRICES MARKET SEGMENTS MARKET SHARE MARKET SHARES MARKET SIZE MARKET TRADING MARKET TRENDS MARKETING MERCHANDISE MERCHANDISE EXPORTS MERCHANDISE IMPORTS MERCHANDISE TRADE METAL PRODUCTS MUTUAL TRADE NATIONAL BANK NATURAL RESOURCES NEGATIVE SHOCK OIL PRICE OPEN ECONOMY OPPORTUNITY SET PATTERNS OF TRADE PREFERENTIAL MARKET ACCESS PRICE ADVANTAGES PRICE CONTROLS PRICE INDEX PRICE LEVEL PRICE MOVEMENTS PRICE REGULATION PRIMARY GOODS PRODUCT MARKETS PRODUCT QUALITY PRODUCTIVITY PRODUCTIVITY GROWTH PROFIT MARGINS PROPERTY RIGHTS PURCHASING PURCHASING POWER REAL GDP RESERVES RETAIL RETAIL PRICES RISK SHARING SALE SALES SALES MARGINS SERVICES MARKET SHARE OF INVESTMENT SOCIAL NETWORKS SOFT BUDGET CONSTRAINT SPECIALIZATION SUBSTITUTE SUPPLIERS SUPPLY CHAINS TARIFF BARRIERS TAX TAX POLICY TAXATION TECHNOLOGY TRANSFER TERMS OF TRADE TOTAL SALES TRADE BALANCE TRADE CREDIT TRADE DATA TRADE DEFICIT TRADE DISPUTES TRADE FLOWS TRADE INTEGRATION TRADE OPENNESS TRADE PARTNERS TRADE PATTERN TRADE PATTERNS TRADE PERFORMANCE TRADE POLICY VALUE ADDED VOLATILITY WAGES WORLD MARKET WORLD MARKETS WORLD PRICES WORLD TRADE WTO |
| spellingShingle |
ACCOUNTING ADMINISTRATIVE CONTROLS ADVERSE EFFECT AGRICULTURAL PRODUCE AGRICULTURE APPAREL AVAILABILITY OF BANK CREDIT AVERAGE PRICE AVERAGE PRICES BANK LOANS BARRIERS TO GROWTH BENEFICIARIES BILATERAL TRADE BUSINESS ENVIRONMENT CAPITAL GOODS CHANGES IN TRADE COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVE ADVANTAGE COMPETITIVE ADVANTAGES COMPETITIVE POSITION COMPETITIVE PRESSURES COMPETITIVENESS CONSUMER GOODS COST EFFECTIVENESS CURRENCY CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT DEVELOPING COUNTRIES DOMESTIC DEMAND DOMESTIC MARKET DOMESTIC MARKETS DURABLE DURABLE GOODS ECONOMIC COOPERATION ECONOMIC CRISIS ECONOMIC LIBERALIZATION ECONOMIC PERFORMANCE ECONOMIC POLICIES ECONOMIC POLICY ECONOMIC RELATIONS ECONOMIC STRUCTURE ECONOMIES OF SCALE EMERGING MARKET EQUIPMENT EXCHANGE RATE EXCHANGE RATE POLICY EXPORT DIVERSIFICATION EXPORT DYNAMICS EXPORT GROWTH EXPORT MARKET EXPORT MARKETS EXPORT OPPORTUNITIES EXPORT PERFORMANCE EXPORT PRICE EXPORT PRICES EXPORT PROSPECTS EXPORT VOLUMES EXPORTER EXPORTERS EXTERNAL FINANCE EXTERNAL MARKETS EXTERNAL SHOCKS EXTERNALITIES FACTOR MARKETS FACTOR PRICE FINANCIAL SYSTEM FOOD EXPORTS FOOD INDUSTRY FOREIGN BANK FOREIGN COMPETITORS FOREIGN DIRECT INVESTMENTS FOREIGN EXCHANGE FOREIGN FIRMS FOREIGN MARKET FOREIGN MARKETS GDP GDP PER CAPITA GLOBAL ECONOMY GLOBAL EXPORTS GLOBAL INTEGRATION GLOBAL MARKET GLOBAL TRADE GOVERNMENT INTERVENTIONS GOVERNMENT REGULATIONS GOVERNMENT SUPPORT GROSS DOMESTIC PRODUCT HOLDING HOST ECONOMY IMPACT OF TRADE IMPORT RESTRICTIONS INCOME INCOME GROWTH INDUSTRIAL PRODUCTS INDUSTRIAL SECTOR INDUSTRY TRADE INFORMATION ASYMMETRY INTANGIBLE INTELLECTUAL PROPERTY INTERMEDIATE GOODS INTERNATIONAL BORROWING INTERNATIONAL DEVELOPMENT INTERNATIONAL MARKETS INTERNATIONAL TRADE INVESTMENT CLIMATE KNOWLEDGE ECONOMY LEGAL FRAMEWORK MACROECONOMIC STABILITY MACROECONOMIC VOLATILITY MARKET ACCESS MARKET COMPETITION MARKET CONCENTRATION MARKET CONDITIONS MARKET DEMAND MARKET DIVERSIFICATION MARKET PARTICIPANTS MARKET PRICES MARKET SEGMENTS MARKET SHARE MARKET SHARES MARKET SIZE MARKET TRADING MARKET TRENDS MARKETING MERCHANDISE MERCHANDISE EXPORTS MERCHANDISE IMPORTS MERCHANDISE TRADE METAL PRODUCTS MUTUAL TRADE NATIONAL BANK NATURAL RESOURCES NEGATIVE SHOCK OIL PRICE OPEN ECONOMY OPPORTUNITY SET PATTERNS OF TRADE PREFERENTIAL MARKET ACCESS PRICE ADVANTAGES PRICE CONTROLS PRICE INDEX PRICE LEVEL PRICE MOVEMENTS PRICE REGULATION PRIMARY GOODS PRODUCT MARKETS PRODUCT QUALITY PRODUCTIVITY PRODUCTIVITY GROWTH PROFIT MARGINS PROPERTY RIGHTS PURCHASING PURCHASING POWER REAL GDP RESERVES RETAIL RETAIL PRICES RISK SHARING SALE SALES SALES MARGINS SERVICES MARKET SHARE OF INVESTMENT SOCIAL NETWORKS SOFT BUDGET CONSTRAINT SPECIALIZATION SUBSTITUTE SUPPLIERS SUPPLY CHAINS TARIFF BARRIERS TAX TAX POLICY TAXATION TECHNOLOGY TRANSFER TERMS OF TRADE TOTAL SALES TRADE BALANCE TRADE CREDIT TRADE DATA TRADE DEFICIT TRADE DISPUTES TRADE FLOWS TRADE INTEGRATION TRADE OPENNESS TRADE PARTNERS TRADE PATTERN TRADE PATTERNS TRADE PERFORMANCE TRADE POLICY VALUE ADDED VOLATILITY WAGES WORLD MARKET WORLD MARKETS WORLD PRICES WORLD TRADE WTO World Bank Belarus - Industrial Performance Before and During the Global Crisis : Belarus Economic Policy Notes : Note No. 2 |
| geographic_facet |
Europe and Central Asia Europe Eastern Europe Commonwealth of Independent States Belarus |
| 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. |
| format |
Economic & Sector Work :: Country Economic Memorandum |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Belarus - Industrial Performance Before and During the Global Crisis : Belarus Economic Policy Notes : Note No. 2 |
| title_short |
Belarus - Industrial Performance Before and During the Global Crisis : Belarus Economic Policy Notes : Note No. 2 |
| title_full |
Belarus - Industrial Performance Before and During the Global Crisis : Belarus Economic Policy Notes : Note No. 2 |
| title_fullStr |
Belarus - Industrial Performance Before and During the Global Crisis : Belarus Economic Policy Notes : Note No. 2 |
| title_full_unstemmed |
Belarus - Industrial Performance Before and During the Global Crisis : Belarus Economic Policy Notes : Note No. 2 |
| title_sort |
belarus - industrial performance before and during the global crisis : belarus economic policy notes : note no. 2 |
| publisher |
World Bank |
| publishDate |
2012 |
| url |
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 http://hdl.handle.net/10986/2908 |
| _version_ |
1764386141744660480 |
| spelling |
okr-10986-29082021-04-23T14:02:05Z Belarus - Industrial Performance Before and During the Global Crisis : Belarus Economic Policy Notes : Note No. 2 World Bank ACCOUNTING ADMINISTRATIVE CONTROLS ADVERSE EFFECT AGRICULTURAL PRODUCE AGRICULTURE APPAREL AVAILABILITY OF BANK CREDIT AVERAGE PRICE AVERAGE PRICES BANK LOANS BARRIERS TO GROWTH BENEFICIARIES BILATERAL TRADE BUSINESS ENVIRONMENT CAPITAL GOODS CHANGES IN TRADE COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVE ADVANTAGE COMPETITIVE ADVANTAGES COMPETITIVE POSITION COMPETITIVE PRESSURES COMPETITIVENESS CONSUMER GOODS COST EFFECTIVENESS CURRENCY CURRENT ACCOUNT CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT DEVELOPING COUNTRIES DOMESTIC DEMAND DOMESTIC MARKET DOMESTIC MARKETS DURABLE DURABLE GOODS ECONOMIC COOPERATION ECONOMIC CRISIS ECONOMIC LIBERALIZATION ECONOMIC PERFORMANCE ECONOMIC POLICIES ECONOMIC POLICY ECONOMIC RELATIONS ECONOMIC STRUCTURE ECONOMIES OF SCALE EMERGING MARKET EQUIPMENT EXCHANGE RATE EXCHANGE RATE POLICY EXPORT DIVERSIFICATION EXPORT DYNAMICS EXPORT GROWTH EXPORT MARKET EXPORT MARKETS EXPORT OPPORTUNITIES EXPORT PERFORMANCE EXPORT PRICE EXPORT PRICES EXPORT PROSPECTS EXPORT VOLUMES EXPORTER EXPORTERS EXTERNAL FINANCE EXTERNAL MARKETS EXTERNAL SHOCKS EXTERNALITIES FACTOR MARKETS FACTOR PRICE FINANCIAL SYSTEM FOOD EXPORTS FOOD INDUSTRY FOREIGN BANK FOREIGN COMPETITORS FOREIGN DIRECT INVESTMENTS FOREIGN EXCHANGE FOREIGN FIRMS FOREIGN MARKET FOREIGN MARKETS GDP GDP PER CAPITA GLOBAL ECONOMY GLOBAL EXPORTS GLOBAL INTEGRATION GLOBAL MARKET GLOBAL TRADE GOVERNMENT INTERVENTIONS GOVERNMENT REGULATIONS GOVERNMENT SUPPORT GROSS DOMESTIC PRODUCT HOLDING HOST ECONOMY IMPACT OF TRADE IMPORT RESTRICTIONS INCOME INCOME GROWTH INDUSTRIAL PRODUCTS INDUSTRIAL SECTOR INDUSTRY TRADE INFORMATION ASYMMETRY INTANGIBLE INTELLECTUAL PROPERTY INTERMEDIATE GOODS INTERNATIONAL BORROWING INTERNATIONAL DEVELOPMENT INTERNATIONAL MARKETS INTERNATIONAL TRADE INVESTMENT CLIMATE KNOWLEDGE ECONOMY LEGAL FRAMEWORK MACROECONOMIC STABILITY MACROECONOMIC VOLATILITY MARKET ACCESS MARKET COMPETITION MARKET CONCENTRATION MARKET CONDITIONS MARKET DEMAND MARKET DIVERSIFICATION MARKET PARTICIPANTS MARKET PRICES MARKET SEGMENTS MARKET SHARE MARKET SHARES MARKET SIZE MARKET TRADING MARKET TRENDS MARKETING MERCHANDISE MERCHANDISE EXPORTS MERCHANDISE IMPORTS MERCHANDISE TRADE METAL PRODUCTS MUTUAL TRADE NATIONAL BANK NATURAL RESOURCES NEGATIVE SHOCK OIL PRICE OPEN ECONOMY OPPORTUNITY SET PATTERNS OF TRADE PREFERENTIAL MARKET ACCESS PRICE ADVANTAGES PRICE CONTROLS PRICE INDEX PRICE LEVEL PRICE MOVEMENTS PRICE REGULATION PRIMARY GOODS PRODUCT MARKETS PRODUCT QUALITY PRODUCTIVITY PRODUCTIVITY GROWTH PROFIT MARGINS PROPERTY RIGHTS PURCHASING PURCHASING POWER REAL GDP RESERVES RETAIL RETAIL PRICES RISK SHARING SALE SALES SALES MARGINS SERVICES MARKET SHARE OF INVESTMENT SOCIAL NETWORKS SOFT BUDGET CONSTRAINT SPECIALIZATION SUBSTITUTE SUPPLIERS SUPPLY CHAINS TARIFF BARRIERS TAX TAX POLICY TAXATION TECHNOLOGY TRANSFER TERMS OF TRADE TOTAL SALES TRADE BALANCE TRADE CREDIT TRADE DATA TRADE DEFICIT TRADE DISPUTES TRADE FLOWS TRADE INTEGRATION TRADE OPENNESS TRADE PARTNERS TRADE PATTERN TRADE PATTERNS TRADE PERFORMANCE TRADE POLICY VALUE ADDED VOLATILITY WAGES WORLD MARKET WORLD MARKETS WORLD PRICES WORLD TRADE WTO 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. 2012-03-19T10:24:25Z 2012-03-19T10:24:25Z 2010-06-25 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 http://hdl.handle.net/10986/2908 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank Economic & Sector Work :: Country Economic Memorandum Europe and Central Asia Europe Eastern Europe Commonwealth of Independent States Belarus |