Belarusian economic policyagricultural underperformanceexcess industrial capacityindustrial production growthprice and exchange controls
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Abstract (AI)
In pursuing their economic policy, the authorities have taken advantage of the existence of excess industrial capacity and have relied on price and exchange controls in an attempt to contain inflation pressures. In spite of strong financial support, agriculture performed poorly during 1998, as a result of inclement weather conditions, lack of financial incentives to producers, and aging harvesting equipment. Industrial production expanded at an annual rate of 10 percent, and investment, at a rate of 51/2 percent.
Key Findings
1
Belarusian authorities used excess industrial capacity, price controls, and exchange controls to pursue economic policy and contain inflation pressures.
2
Despite substantial financial support, agricultural performance was poor in 1998 because of adverse weather, weak producer incentives, and aging harvesting equipment.
3
Industrial production increased at an annual rate of 10 percent during 1998.
4
Investment grew by approximately 5.5 percent during 1998.
Research Object
Belarusian economy
Research Subject
Economic performance and policy measures, including industrial capacity utilization, price and exchange controls, agricultural performance, industrial production, and investment in 1998
Publication Details
Publication Date
2000-01-01
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