Posted:
06.02.2024 14:22:00
A sign of strength and health
Economic numbers are an impartial indicator of the development of society
The welfare of a country and its citizens is often a rather subjective concept. However, there are quite objective scientific methods to assess its level. At a seminar meeting held on January 17th at the Academy of Public Administration under the President of the Republic of Belarus, Director of the
Research Economic Institute of the Ministry of Economy, Candidate of Economic Sciences, Associate Professor Natalia Berchenko presented the report Sustainable Socio-Economic Development of the Republic of Belarus. The Main Achievements of Sovereign Belarus. Its provisions clearly demonstrate
the main trends in this area.
The President of Belarus,
Aleksandr Lukashenko,
“Let me remind you once again why there is such pressure and demand on my part. I will put it straight: if you do not want to fight with weapons — fight in the field, at the plant and at the factory, instead. Our war goes not through Ukraine, but through the economy, through us.”
At a meeting at the Palace of Independence,
on October 20th, 2022
Aleksandr Lukashenko,
“Let me remind you once again why there is such pressure and demand on my part. I will put it straight: if you do not want to fight with weapons — fight in the field, at the plant and at the factory, instead. Our war goes not through Ukraine, but through the economy, through us.”
At a meeting at the Palace of Independence,
on October 20th, 2022
It is worth noting that at the end of 2023, a discussion was arranged on the sidelines of the Business Community Forum dedicated to the development of a National Sustainable Development Strategy (NSDS) until 2040. It was at this discussion that Natalia Berchenko spoke about global trends that affect sustainable development,
“It is to be developed for five years. This is the next stage — until 2040. It is based on the concept of global sustainability, which includes the coordinated development of the economy in the interests of man without harming the environment.”
The Director of the Economic Research Institute put emphasis on global trends that affect sustainable development, “They include the destruction of the unipolar world economic and political system led by the United States, the transition to a new technological way of living, the global growth of the world’s population with a change in its age and cultural and religious structure, the increasing importance of the environmental agenda for humanity,
as well as the polarisation of society in terms of worldview, competencies, income, models, strategies and lifestyle. It is necessary to think about how to use these trends in the interests of our country and reduce the risks to ensure the sustainable development of Belarus.”
A decent head start
This is particularly true considering that Belarus has a decent head start, as you can see from our graphic material. Recently, the Ministry of Economy summed up the results of 2023. It was noted that the economic growth last year was balanced, which ensured the solution of three main tasks — outstripping growth in household income low inflation and high employment. Moreover, the slowdown in inflation last year exceeded all expectations.In general, the Belarusian economy has demonstrated a high degree of adaptability to the changing operating conditions, as well as the successful containment of inflationary processes, which is a clear sign of its strength and health.
The situation on the outer contour is different. According to China’s Global Times (Huanqiu shibao),
“The United States and Europe have not got rid of the risk of inflation and in general hover on the edge of recession, which also seriously affects the prospects for the global economy. Nevertheless, the West’s focus on reducing the threat of recession seems to be far less than the enthusiasm for geopolitical
confrontation.”
By Maksim Osipov
