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
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