Belarusian Economy

Want to read the rest of this paper? Join Essayworld today to view this entire essay and over 50,000 other term papers

development.
Problems for the economy of Belarus began to arise after the collapse of the Soviet Union. The weakness with Belarusian industry is two-fold. It has to import much of its raw materials from other nations and it imports most of its energy. As a result industry came under severe economic pressure shortly after independence. The problem with its agriculture is that it that about two thirds of the peasants are still organized into collective farms and the remainder in state farms. A few private farms were established but the treatment they received from the state discouraged other from trying. Also Belarus has a 14% trade deficit, which increase the vulnerability of the economy. Another drag on the economy is the continuing cost associated with the 1986 Chernobyl nuclear disaster, estimated in 1995 at a quarter of the national economy. The southern part of Belarus was severely hit by the nuclear fallout and many of the estimated 2 million victims live in Belarus. ...

Get instant access to over 50,000 essays. Write better papers. Get better grades. Already a member? Login

CITE THIS PAGE: