Belarusian Economy

A detailed Summary of Belarusian Economy


Belarus's economy has done fairly well from the situation it started in. The economy has some strengths, but it is also not without its weaknesses. Also the Republic has not done yet enough to restructure its economy after the break up of the USSR.

Belarus has a fairly well balanced economy with an agriculture capable of feeding its population and a well developed industrial base. Belarusian industry is capable of producing 1.1 million tons of steel per year, and it manufactures machine tools, agricultural machinery, motor vehicles. It also has a well developed chemical manufacturing plants, and there is also a branch of industry for consumer goods such as radio, television sets and bicycles. Furthermore its industrial construction complex ensures a considerable scope of construction. The Republic also has a diversified agricultural crop ranging from potatoes and g


After the dissolution of the USSR the national economy of Belarus was being restructured to introduce science intensive and low power consuming industries. However, Belarus has seen little reform since 1995 when president Lukaschenko launched the country on a path of "market socialism." Privatization of enterprises controlled by the central government virtually ceased in 1996. Only about 10% of all enterprises under central government control had been privatized. In addition, Lukaschenko has re-imposed administrative control over prices and the national currency's exchange rate, and expanded the state's right to intervene arbitrarily in the management of private enterprise. Lack of structural reform, and a climate hostile to business, have inhibited foreign investment in Belarus in 1995-97. Belarus's economy consisted mainly of secondary industry, dependent on Russia and other Soviet republ

Some common words found in the essay are:
USSR Belarus, Belarus Belarusian, Soviet Union, Russia Soviet, Economy Belarus's, economy belarus, belarusian economy, raw materials, belarusian industry, foreign investment, national economy, central government, belarus's economy,

Approximate Word count = 602
Approximate Pages = 2 (250 words per page double spaced)

Category: Politics

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