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State Capitalism in Belarus: Behind Economic Anemia

In: Public Sector Crisis Management

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  • Kiryl Rudy

Abstract

Belarus' economic model looked rather successful in the late 1990s and in the 2000s with its economic growth above 7% per year. But during the last decade, Belarusian annual economic growth has fallen at the average level around 1% per year. This chapter reveals the rarely known case of state capitalism in this post-Soviet country with its specific indicators, and instruments behind economic anemia. It also outlines several traps on the way of Belarusian economic growth: "debt trap," "middle-income trap," "social burden trap," "resource curse trap," "conflict neighbors trap," and "forceful pressure trap." These pitfalls lead to the long-term economic slowdown in the Republic of Belarus. The consequences of such economic anemia bring to another discussion about the role of public values in support of state capitalism in Belarus.

Suggested Citation

  • Kiryl Rudy, 2020. "State Capitalism in Belarus: Behind Economic Anemia," Chapters, in: Alexander Rozanov & Alexander Barannikov & Olga Belyaeva & Mikhail Smirnov (ed.), Public Sector Crisis Management, IntechOpen.
    • Handle: RePEc:ito:pchaps:215846
    DOI: 10.5772/intechopen.93606
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    More about this item

    Keywords

    transition economy; economic development; growth;
    All these keywords.

    JEL classification:

    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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