Social Sciences
4 years ago

Belarus trade policy faces challenges and risks in global economic landscape.

Trade policy of Belarus in the CIS region: specific model or country specific trade policy for a small open economy
Sergey Mazol

Paper Summary

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The article examines Belarus' trade policy from 2006-2010, focusing on import substitution and trade trends. It discusses challenges like trade deficits, currency policies, and dependence on natural resources. The study also looks at strategies like import substitution and export development, as well as trade integration options with CIS countries or the EU. Key findings include the impact of rising gas and oil prices, trade discrimination by Russia, and the effects of the global economic crisis on Belarus' trade.