Overview

This book is an insightful study of the transition economy, using the little-known case of Belarus, a country “trapped in transition” for almost three decades. The model of state capitalism, so widely internationally known, has different specific roots, metrics and instruments in Belarus. The book outlines several pitfalls facing by the Belarusian economy, all of which lead to long-term economic recession in Belarus.

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9781527558595

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This book is both an excellent description of the problems facing the Belorussian economy today and a prescription of the reforms needed to solve them. The author was able to marry a deep understanding of the economy in Belarus to critical analysis of reforms implemented around the world . Sergei GurievProfessor of Economics, Instituts d'etudes politiques (Science Po), France. A must-read for anyone who wants to understand Belarus' contemporary development challenges .Ben SlaySenior Adviser, UNDP Regional Bureau for Europe and CIS. This book is a coffee table handbook for anyone interested in the Belarusian economy .Mikhail GolosovProfessor of Economics, Princeton University, USA In a pragmatic, reasoned study, the author outlines the current structure of the Belarusian economy and explains how it came to be; but more importantly he lays out a course for continued reforms and argues how the best to take the country's brand of 'state capitalism' into a stable, prosperous future .Courtney FingarEditor-in-chief, fDi Magazine (FT Group), UK In addition to being profound, multi-faceted and critical in its analysis, this book is very timely - the Belarusian economy is on the threshold of inevitable structural changes - and it is a practical guide for introducing such changes to the public finances .Dmytro SologubDeputy Governor, National Bank of Ukraine This book is food for thought when it comes to Belarus' future economic model. A profound understanding of the economic state Belarus finds itself in, and the factors used to build the paradigm for the country's development over the course of the past several years, needs to drive new, workable solutions that resolve economic imbalances, bolster growth and large-scale energy consumption, and feed the dynamism intrinsic to the private sector .Dimitri GvindadzeLead Economist for East Europe and the Caucasus of the European Bank for Reconstruction and Development; ex-Minister of Finance of Georgia

“This book is both an excellent description of the problems facing the Belorussian economy today and a prescription of the reforms needed to solve them. The author was able to marry a deep understanding of the economy in Belarus to critical analysis of reforms implemented around the world”. Sergei GurievProfessor of Economics, Instituts d’etudes politiques (Science Po), France.“A must-read for anyone who wants to understand Belarus’ contemporary development challenges”.Ben SlaySenior Adviser, UNDP Regional Bureau for Europe and CIS.“This book is a coffee table handbook for anyone interested in the Belarusian economy”.Mikhail GolosovProfessor of Economics, Princeton University, USA“In a pragmatic, reasoned study, the author outlines the current structure of the Belarusian economy and explains how it came to be; but more importantly he lays out a course for continued reforms and argues how the best to take the country’s brand of ‘state capitalism’ into a stable, prosperous future”.Courtney FingarEditor-in-chief, fDi Magazine (FT Group), UK“In addition to being profound, multi-faceted and critical in its analysis, this book is very timely – the Belarusian economy is on the threshold of inevitable structural changes – and it is a practical guide for introducing such changes to the public finances”.Dmytro SologubDeputy Governor, National Bank of Ukraine“This book is food for thought when it comes to Belarus’ future economic model. A profound understanding of the economic state Belarus finds itself in, and the factors used to build the paradigm for the country’s development over the course of the past several years, needs to drive new, workable solutions that resolve economic imbalances, bolster growth and large-scale energy consumption, and feed the dynamism intrinsic to the private sector”.Dimitri GvindadzeLead Economist for East Europe and the Caucasus of the European Bank for Reconstruction and Development; ex-Minister of Finance of Georgia

Author Information

At the age of 23, Dr Kiryl Rudy became the youngest PhD economist in Belarus. He is the author of more than 200 articles, and, in 2004, was a Fulbright Scholar at Indiana University, USA. From 2013 to 2016, he served as Economic Advisor to the President of the Republic of Belarus and Chief of the Economic Department at the President’s Office. From 2016-2020, Dr Rudy served as the Ambassador of Belarus in China. He is currently a member of the supervisory board of Belarus Development Bank.

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