Experts will develop a set of comprehensive recommendations for the development of the Belarusian economy

Experts will develop a set of comprehensive recommendations for the development of the Belarusian economy. This was announced by Denis Mukha, Director of the Institute of Economics of the National Academy of Sciences, on the sidelines of the International Scientific and Practical Conference “Strategy for the Development of the Belarusian Economy: Challenges, Tools and Prospects”, which takes place in Minsk on November 12-13.

Today we are holding our traditional annual conference dedicated to the strategy for the development of the Belarusian economy, ways and tools for its implementation, existing challenges. We are considering what measures, tools and mechanisms are needed to further accelerate the economic growth of our country, to realize the potential that Belarus certainly possesses. We also discuss how to build a strategy of interaction with our external partners in today’s rather complex geopolitical and geo-economic conditions, how to counter sanctions and other restrictions that Belarus faces, including within the framework of the development of the Union State, as part of its participation in other integration associations. We expect that as a result, a set of comprehensive recommendations will be developed to accelerate the development of our country, key problems, key challenges that need to be solved, Denis Mukha said.

The conference, organized by the Institute of Economics of the NAS of Belarus, brought together more than 100 leading experts and scientists from Belarus, Russia, Armenia, Turkmenistan, Vietnam and other countries to discuss topical issues of economic development. Our colleagues and I are considering key areas and mechanisms through which Belarus, including in cooperation with our partners, will overcome existing challenges and ensure our economic security. Today, our partners gathered at the conference not only from the scientific and academic environment, but also representatives of government bodies, business circles, and higher education institutions. Leading scientists and specialists in the field of economics discuss not only theoretical, fundamental aspects of development, but also applied tasks, tools that now need to be implemented and actively used, the director of the institute said.

The discussion covers various areas - from macroeconomic regulation to issues of improving financial, tax, industrial, social policy, development of science, innovation, increasing demographic potential, regional development. The agenda includes issues of foreign economic activity, development of new markets and search for new partners. Other topics include the development of domestic software, artificial intelligence technologies and unmanned systems.

Chief Scientific Secretary of the NAS of Belarus Vasily Gursky during the plenary session of the conference read out the welcome address of the Chairman of the Presidium of the NAS Vladimir Karanik. “Today, when the world economy is undergoing deep structural changes, technological competition is intensifying, international economic ties are transforming, and new challenges require prompt and balanced solutions, scientific understanding of the directions and mechanisms of sustainable economic development of our country is of particular importance,” the greeting reads.

It was noted that the Belarusian economy needs not only to adapt to changing external conditions, but also to consistently form its own long-term competitive advantages. Among the key tasks are to increase labor productivity, develop high-tech industries, strengthen industrial and scientific and technological potential, improve the investment environment, expand export opportunities and increase the efficiency of using national resources.

“These challenges cannot be met without the close integration of science, education, public administration and business. It is scientific research that allows us to identify long-term trends, assess risks, develop reasonable development scenarios and offer tools that can ensure the stability of the economy in conditions of uncertainty, the welcoming address says.