The economic state of Belarus: an assessment of its economic policies and performance with particular emphasis on foreign direct investment

Yakavenka, Hanna (2001) The economic state of Belarus: an assessment of its economic policies and performance with particular emphasis on foreign direct investment. UNSPECIFIED. Manchester Metropolitan University. ISSN 1471-857X

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Abstract

This paper focuses on the opportunities and possibilities for Belarus to create a favourable business environment for the attraction of foreign investment, which is instrumental in the upgrading and restructuring of its economy. On a comparative note, there is sufficient evidence in a number of transition economies where the economic stability has indeed led to Foreign Direct Investment (FDI). Belarus, however, can be seen to have performed poorly in this regard, in part because of the Government's adherence to a populist economic policy. The paper presents an overview of the main features of Belarus economic situation and development. The mix of economic, government and social problems particular to the Belarussian case are outlined and analysed, and suggestions for macroeconomic policy making are drawn.