Belarus: Selected Issues

This Selected Issues paper reviews the external competitiveness of the Belarusian economy, particularly in 2000–01. The analysis starts with an overview of developments in Belarus' external current account. The paper then examines various competitiveness indicators, most importantly changes in external and internal real exchange rates, as well as labor cost measures. It reviews trade data by sectors to explain recent export performance. The paper also provides an overview of current wage policy and its macroeconomic effects.
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Volume/Issue: Volume 2002 Issue 022
Publication date: February 2002
ISBN: 9781451805062
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Topics covered in this book

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Business and Economics , Exports and Imports , Labor , Money and Monetary Policy , ISCR , CR , Belarus , wage , subsidy , government , policy challenge , gas arrears , common currency , B , wage Policy , cost recovery , Wage adjustments , Multiple currency practices , Exchange rates , Wages , Wage policy , Western Europe , Baltics , Europe

Summary

This Selected Issues paper reviews the external competitiveness of the Belarusian economy, particularly in 2000–01. The analysis starts with an overview of developments in Belarus’ external current account. The paper then examines various competitiveness indicators, most importantly changes in external and internal real exchange rates, as well as labor cost measures. It reviews trade data by sectors to explain recent export performance. The paper also provides an overview of current wage policy and its macroeconomic effects.