The Market-Socialist Country. Issue 6 (2nd June 2016)

• Record Type: Journal Article
• Authors: Veselova, E.Sh.
• Is Part Of: Problems of economic transition. Volume 58:Issue 6(2016)
• Page Start: 546
• Page End: 555
• Publication Date: 2016-06-02
• Subjects: economy of Belarus -- privatization of state-owned companies -- economic crisis -- structural reforms; Former Soviet republics -- Economic conditions -- Periodicals; Russia (Federation) -- Economic conditions -- Periodicals; Economic history; Russia (Federation); Soviet Union -- Former Soviet republics; Periodicals; 330.947
• DOI: 10.1080/10611991.2016.1222209
• Languages: English
• ISSNs: 1061-1991

Abstract

Abstract : Over the past twenty years, Belarus has been building "market socialism" in the country under the continuous leadership of Alexander Lukashenko. By some socioeconomic indicators, Belarus appears better than its Eastern neighbors: the economy is growing more rapidly than Ukraine's, its structure is more balanced than Russia's. It has a high level of employment, relatively little social stratification, and modernized businesses in traditional industry. This does not mean that it is problem-free: the country has survived two crises in just the past five or six years. Nevertheless, it continues to chart its own course through the dark without looking to foreign advice.