Ini­tia­tive, Dy­namism, In­no­va­tion

These prin­ci­ples un­der­pin the ac­tion plan of the gov­ern­ment to ful­fill the goals set at the Fourth All-be­larus Peo­ple’s Congress

Economy of Belarus - - 2011-2015: FIVE YEARS OF GROWTH - Mikhail MYAS­NIKOVICH, Prime Min­is­ter of the Repub­lic of Be­larus

Growth Spurt

the so­cial and eco­nomic de­vel­op­ment strat­egy of the repub­lic of Be­larus for 2011-2015 and its spe­cific tar­gets were adopted by the del­e­gates of the fourth all-be­larus Peo­ple’s Congress and the head of state. the coun­try is fac­ing ex­traor­di­nar­ily chal­leng­ing tasks dur­ing this five-year pe­riod: to get a growth spurt demon­strated by China, South Korea, Sin­ga­pore and other asian tigers that made a tech­no­log­i­cal break­through in their de­vel­op­ment. By 2015 the liv­ing stan­dards of Be­laru­sians should reach t he Euro­pean av­er­age.

The av­er­age an­nual GDP growth in Be­larus in the cur­rent five-year pe­riod is set to ex­ceed 10%. Of all the Asian tigers only China could boast such im­pres­sive growth – 10.2%; most of the Asian tigers posted lower de­vel­op­ment fig­ures dur­ing their vig­or­ous eco­nomic ex­pan­sion: Sin­ga­pore 9.3%, South Korea 8.6%, Tai­wan 7.5% (Ta­ble 1).

We have to ful­fill this tar­get in a more chal­leng­ing en­vi­ron­ment of the post-cri­sis re­cov­ery which is some­what slug­gish. The In­ter­na­tional Mon­e­tary Fund fore­casts that GDP in the Euro­pean Union will grow by the av­er­age of 10.6% in 2011-2015, in­clud­ing the Nether­lands by 7.2%, Ger­many by 9.4%, the UK by 10.4%, and Poland by 20.7%. The GDP growth in Rus­sia is pro­jected to stand at 24.4%, in Ukraine by 28.8%.

Be­larus’ GDP is set to ex­pand by 62-68% over the cur­rent fiveyear pe­riod. It is much higher than that of our tra­di­tional trad­ing part­ners, and the high­est among the coun­tries with the sim­i­lar de­vel­op­ment level.

To im­ple­ment such am­bi­tious goals we need to make a tran­si­tion from in­vest­ments to in­no­va­tions and un­dergo a com­plete up­grade of pro­duc­tion ca­pac­i­ties and struc­ture. The in­ter­na­tional ex­pe­ri­ence of suc­cess­ful mod­ern­iza­tions un­am­bigu­ously shows that ma­jor driv­ing forces are na­tion­wide de­ter­mi­na­tion, strong pub­lic-pri­vate part­ner­ship, and dra­matic struc­tural re­forms to cre­ate new eco­nomic sec­tors and up­grade pro­duc­tion. The mech­a­nisms of the max­i­mum uti­liza­tion of these fac­tors are spelt out in the gov­ern­ment’s ac­tion plan for 2011-2015 adopted by the Coun­cil of Min­is­ters of the Repub­lic of Be­larus on 18 Fe­bru­ary 2011 and ap­proved by the House of Rep­re­sen­ta­tives of the Na­tional Assem­bly on 23 Fe­bru­ary 2011.

This pro­gram is dif­fer­ent from the pre­vi­ous ones as it has di­rect ef­fect, is tar­get-spe­cific and does not re­quire spe­cial ac­tion plans to im­ple­ment it. The mea­sures stip­u­lated by the ac­tion plan and other mea­sures of the gov­ern­ment and the Na­tional Bank to im­ple­ment Direc­tive No. 4 cre­ate in­stru­ments to ful­fill the tar­gets set out at the Fourth All-be­larus Peo­ple’s Congress and the so­cial and eco­nomic de­vel­op­ment pro­gram. The draft pro­gram was sub­mit­ted by the gov­ern­ment to the head of state.

Up-to-date Work­ing Meth­ods

In 2011 we are chang­ing the style and meth­ods of work to ful­fill the so­cial and eco­nomic de­vel­op­ment tar­gets. Top on the agenda will be la­bor in­cen­tives, sup­port for en­ter­prise and ini­tia­tive at all lev­els, and ef­fi­ciency in all the sec­tors of the do­mes­tic econ­omy. The in­crease in la­bor ef­fi­ciency, ex­port and for­eign trade sur­plus, the re­duc­tion of ma­te­rial, im­port and en­ergy in­ten­sity and other qual­i­ta­tive in­di­ca­tors will grad­u­ally re­place or de­pre­ci­ate gross in­di­ca­tors. This does not mean that the state will switch to a lais­sez­faire pol­icy. Quite the op­po­site, it will play a big­ger role in mak­ing fore­casts and strate­gic plans. A greater fo­cus will be placed on the for­ma­tion of pro­duc­tion/ con­sump­tion and ex­port/im­port bal­ances which have an in­dica­tive func­tion and re­duce risks and un­cer­tain­ties of mar­ket play­ers. In the con­text of the Sin­gle Eco­nomic Space bal­ances are among

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