Export Transformation in Belarus: Results and Opportunities

Implementation of the export potential as a factor in sustainable development of the forest sector: regional aspect

“…Mirakyan associates the prospects for developing export potential with geographic diversification and access to "wealthy commodity markets", as well as using economies of scale. The authors are skeptical about the role of reindustrialization and import substitution, and prefer an export-oriented industrial policy [9]. This approach is traditional in an open economy, but requires significant adjustments in the current geopolitical environment, characterized by strict protective and restrictive measures against Russia and Belarus.…”

“…The assessment of the commodity and geographical diversification of the forest sector of the Russian economy was carried out on the basis of the methodology for determining the comparative advantage index proposed by B. Balassa. This indicator was subsequently repeatedly transformed by other researchers [8,9]. In this study, the index of revealed comparative export advantage (RCEA) is calculated according to the formula: 𝑅𝐶𝐸𝐴 𝑐𝑝…”

“…The key problems, in their opinion, lie in the lack of implementation of information and communication technologies and low volumes of foreign direct investment in traditional industries. The influence of these factors exacerbates the limited potential of traditional markets for Belarusian exports, in particular, Russian [9].…”