publication . Article . 2014

The Competitive Potential of the Belorussian Economy

Migranyan, A.;
Open Access
  • Published: 01 Jan 2014 Journal: Journal of the New Economic Association, volume 21, issue 1, pages 181-186
The article is an attempt to study the factors of the competitive capacity of Belorussian economy. There are two groups of factors of competitive potential and competitive advantages' formation: internal (changes in resource allocation) and external factors (adaptation to external shocks). The study found that the main source of the increase of competitive capacity of the Belorussian economy were foreign. The competitive potential of Belarus was formed on the basis of the increased exports. However, the high level of dependency on import and financial inflows, inefficient use of the resource base and production factors had led to a decrease in the competitive po...
free text keywords: competitive potential, export-oriented model of economy, net investments and withdrawals, productivity, inflation, jel:F12, jel:E22, jel:O52, jel:O11

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