Belarusian Economic Research and Outreach Center

Policy Papers

4 january 2019 Radzivon Marozau

Modernization and development of Belarusian higher education institutions based on the entrepreneurial university framework

The policy paper considers prerequisites and factors conditioning the development of entrepreneneurial higher education institutions (universities 3.0) in Belarus. Capitalizing on state-of-the-art academic research and policy initiatives in the field, as well as on the custom-made survey of Belarusian faculty members, the paper analyses the environment for higher education institutions' modernization and provides policy recommendations.

6 december 2018 Aleh Mazol

The experience of foreign countries in the development of depressed regions

This work is devoted to the study of the essence of the concept, causes and main characteristics of depressed regions in foreign countries. The paper highlights the main approaches to the implementation of measures to support depressed regions, as well as the main indicators for assessing the effectiveness of their implementation. Based on the analysis of the experience of the development of depressed regions in foreign countries, basic recommendations for the improvement of regional policy in the Republic of Belarus have been developed.

20 november 2018 Nadezhda Batova, Pyotr Sachek, Irina Tochitskaya

Circular economy in action: forms of organization and best practices

The article includes best practices for development of circular economy and its implementation. It is stated that each country has national peculiarities of transition to this concept, as well as various priority directions of implementation caused by set of advantages and risks. The barriers which constrain access of the circular projects to bank financing, and confine its utilization as a result, are identified. Authors put special emphasis to the innovative business models providing the circular system of production and consumption, including Circular suppliers, Resources recovery, Sharing platforms, Product life extension, Product as a service.

17 november 2018 Anastasia Luzgina

Money and monetary funds as economic categories and their relationship with cryptocurrencies

In the article the categories of “money” and “monetary funds” are analyzed and the author’s interpretation of these definitions are given. Taking into account the growing popularity of cryptocurrencies, the author proposes a structure of interrelations of monetary funds, tokens, electronic and virtual money. With the purpose of giving a clearer understanding of the government positions on the issue of the virtual money market development, the article provides examples of operations’ regulations with cryptocurrencies in a number of countries.

16 november 2018 Anastasia Luzgina

Cryptocurrencies: Essential Characteristics and Practical Aspects

In the article the essence of electronic and digital money is analyzed, comparative analysis of these two categories is carried out, taking into account their distinctive characteristics and common elements. Virtual money, including cryptocurrencies, is distinguished as a subspecies of digital money. Cryptocurrencies are analyzed based on the most famous ones, such as Bitcoin, Litecoin, Ripple, DASH, etc.

9 november 2018 Dzmitry Kruk

Which Growth Rate does Belarus need? Focus on CEE Leaders

This paper deals with the prospects of Belarus’ economic growth in regional context. Suchfocusofanalysisemphasizesrelativelevelofwell-being as the benchmark for assessing economic performance of the country. In this study, I use Czech Republic and Slovakia as benchmarks for Belarus, as they are rather similar to Belarus according to a range of fundamental characteristics, and at the same time, they are among leaders on well-being level in Central and Eastern Europe (CEE).

9 october 2018 Hanna Aginskaya

Investment image of Belarus and its presence in international rankings

International rankings are the second important source after mass media which investors use to learn about business climate in a foreign country. Today Belarus is represented only in the ratings with free participation.

17 september 2018 Evgeniya Shershunovich, Irina Tochitskaya

Waste Statistics in Belarus: Tight Spots and Broad Scope for Work

The paper presents a study of waste statistics in Belarus based on the examination of Belarusian and European legislation, statistical reporting forms, and databases. The study reveals that the Belarusian statistics on waste faces three types of problems: those associated with the methodology, recording and coverage, and insufficient degree of international comparability of data, in particular, with the European Union countries.

14 september 2018 Maryia AkulavaHanna Aginskaya

Women in Belarus’ Business: features, motivation and barriers

This policy paper looks at who are women in Belarus’ business, are there any gender differences that impact on the effectiveness and successfulness of business. The study also analyses the external and internal factors that impede business development and motives to enter business. The main barriers that face women entrepreneurs are related to the quality of the functioning entrepreneurial ecosystem. However, equally important role is played by the preservation of the traditional division of social roles in terms of household work and childcare sharing. As the results show, the majority of female business owners no longer perceive as a norm the current state of affairs.

Foreign Investment: Startups and Innovations or Loans

Although the government’s plans to raise foreign financing were fulfilled, the results of 2017 were ambiguous in this respect. The private sector and, especially, hi-tech startups generated investors’ profound interest. Investments in the public sector were provided by the state through external borrowing and redistribution of funds raised this way. The public sector thus remains unattractive for investors, but, in fact, it seeks state subsides, rather than investments. In 2017, the government took a number of important steps to improve the regulatory framework for investment and to stimulate business ventures.

Subscribe to Newsletter