Stolen decades: the unfulfilled expectations of the Belarusian economic miracle
For the last 3 decades Belarus has shown relatively fast growth without much transformation of its economy. However, with a delay in structural reforms, pandemic, political crisis and Russia’s war in Ukraine its economy has become fatigue.
The case of the Belarusian economy has puzzled many academic scholars for years. Belarus has often been referred to as a transition outlier, given its relatively fast recovery in 1996 and spectacular growth prior to the global financial crisis without much transformation of its economy. However, with a delay in structural reforms, this economic model has become fatigue. The Covid-19 pandemic, the 2020 post-presidential political crisis and Russia’s war in Ukraine put further strains on the economy, calling for change.
What should be done to help Belarus develop rapidly again?
Just published CASE Working Paper answers this question!
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