Belarusian Economic Research and Outreach Center

Institutions and economic development

The quality of institutions is a major factor in the success or failure of nations and a fundamental source of differences in per capita income between countries. This work is devoted to the analysis of the definition of institutions and studies their impact on the economic development of developed and developing countries. The state of institutional development in Belarus for 1996-2015 is assessed, and the directions of further development of institutions based on the experience of other countries are considered.

The Policy Paper is available only in Russian.