Open AccessEconomy of Belarus under Conditions of Political Instability
Author(s) -
A. Shurubovich
Publication year - 2021
Publication title -
rossiâ i novye gosudarstva evrazii
Language(s) - English
Resource type - Journals
ISSN - 2073-4786
DOI - 10.20542/2073-4786-2021-1-72-81
Subject(s) - political instability , politics , presidential system , economic stability , financial crisis , political economy , perspective (graphical) , economics , political science , development economics , economy , economic system , market economy , keynesian economics , law , artificial intelligence , computer science
The article examines development of economic situation in Belarus in the period of political instability connected with the presidential elections on August 9, 2020 and mass protests against supposed falsification of their results. Condition of the Byelorussian economy on the eve of political crisis is presented including major directions of influence of this crisis on the economy; growth of financial instability, strikes at enterprises, skilled personnel drain, sanction pressure on the part of the West. It is shown that the political crisis in the RB, despite many forecasts, has not provoked so far an economic chock in the country, but in a long-term perspective it may have serious negative consequences. Therefore achievement of high economic indices projected by the country’s leadership in the near future seems highly problematic.