The Knowledge-Based Economy Creation In Belarus In The Post- Crisis Period

Abstract

Republic of Belarus is an independent medium-size European state with no global claims. During the 19-year period of statehood (after the USSR disintegration in 1991) Belarus has paced the way which many countries of the world managed to do within several decades: the GDP at the PPP in years 1999 – 2009 increased by 2.6 times and reached USD 119.5 billion. Modern Belarus demonstrates one of the highest rates of economic growth in Europe. Within a short period in history there have been created the base market institutions, made a transition to the mixed economy functioning mostly as a market-based system. Since 1996 the country has stably positive economic growth rates being noticeably higher than those of the EU and CIS.