Market Socialism in Belarus: An Alternative to China's Socialist Market Economy

<p class="first" id="d371572e86">Since Lukashenko came to power, Belarus has embarked on the road of market socialism, in which privatization has been halted, and the dominant position of state-owned economic components in the national economy has be...

Full description

Bibliographic Details
Main Authors: Yan Li, Enfu Cheng
Format: Article
Language:English
Published: Pluto Journals 2020-11-01
Series:World Review of Political Economy
Online Access:https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.11.4.0428
_version_ 1797834111098814464
author Yan Li
Enfu Cheng
author_facet Yan Li
Enfu Cheng
author_sort Yan Li
collection DOAJ
description <p class="first" id="d371572e86">Since Lukashenko came to power, Belarus has embarked on the road of market socialism, in which privatization has been halted, and the dominant position of state-owned economic components in the national economy has been established; a vertically managed and efficient model of state governance has been implemented, the presidential leadership has been strengthened, and social fairness and justice have been prioritized. In addition, Belarus has kept good diplomatic relations with the CIS (Commonwealth of Independence States) countries, China, and other countries through pluralistic and multi-directional diplomacy. Market socialism has helped the economy of Belarus recover from the decline immediately following the breakup of the USSR and develop rapidly. The country's economic foundation has been getting increasingly stable. A strong social security system has been established, and social welfare covers the largest social groups, which ensures employment and civil rights to the greatest extent, continuously improves the living standards of the population, and thus avoids social division and ensures social stability. Market socialism in Belarus is a special system of socialist market economy, its theory and practice can teach important lessons to the current practice of socialism and the reform of capitalist system </p>
first_indexed 2024-04-09T14:34:21Z
format Article
id doaj.art-08031afdb0b04337be8606aac0883d5d
institution Directory Open Access Journal
issn 2042-891X
2042-8928
language English
last_indexed 2024-04-09T14:34:21Z
publishDate 2020-11-01
publisher Pluto Journals
record_format Article
series World Review of Political Economy
spelling doaj.art-08031afdb0b04337be8606aac0883d5d2023-05-03T13:57:25ZengPluto JournalsWorld Review of Political Economy2042-891X2042-89282020-11-0111442845410.13169/worlrevipoliecon.11.4.0428Market Socialism in Belarus: An Alternative to China&apos;s Socialist Market EconomyYan LiEnfu Cheng<p class="first" id="d371572e86">Since Lukashenko came to power, Belarus has embarked on the road of market socialism, in which privatization has been halted, and the dominant position of state-owned economic components in the national economy has been established; a vertically managed and efficient model of state governance has been implemented, the presidential leadership has been strengthened, and social fairness and justice have been prioritized. In addition, Belarus has kept good diplomatic relations with the CIS (Commonwealth of Independence States) countries, China, and other countries through pluralistic and multi-directional diplomacy. Market socialism has helped the economy of Belarus recover from the decline immediately following the breakup of the USSR and develop rapidly. The country's economic foundation has been getting increasingly stable. A strong social security system has been established, and social welfare covers the largest social groups, which ensures employment and civil rights to the greatest extent, continuously improves the living standards of the population, and thus avoids social division and ensures social stability. Market socialism in Belarus is a special system of socialist market economy, its theory and practice can teach important lessons to the current practice of socialism and the reform of capitalist system </p>https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.11.4.0428
spellingShingle Yan Li
Enfu Cheng
Market Socialism in Belarus: An Alternative to China&apos;s Socialist Market Economy
World Review of Political Economy
title Market Socialism in Belarus: An Alternative to China&apos;s Socialist Market Economy
title_full Market Socialism in Belarus: An Alternative to China&apos;s Socialist Market Economy
title_fullStr Market Socialism in Belarus: An Alternative to China&apos;s Socialist Market Economy
title_full_unstemmed Market Socialism in Belarus: An Alternative to China&apos;s Socialist Market Economy
title_short Market Socialism in Belarus: An Alternative to China&apos;s Socialist Market Economy
title_sort market socialism in belarus an alternative to china apos s socialist market economy
url https://www.scienceopen.com/hosted-document?doi=10.13169/worlrevipoliecon.11.4.0428
work_keys_str_mv AT yanli marketsocialisminbelarusanalternativetochinaaposssocialistmarketeconomy
AT enfucheng marketsocialisminbelarusanalternativetochinaaposssocialistmarketeconomy