The role of FDI for SME development
- Author: United Nations Conference on Trade and Development
- Main Title: Investment Policy Review - Republic of Belarus , pp 61-88
- Publication Date: August 2010
- DOI: https://doi.org/10.18356/8561aa59-en
- Language: English
The overall development objective of the Belarusian Government is to improve the standard of living of its population by effectively fostering and utilizing human capital, upgrading technology, encouraging structural changes and ultimately raising competitiveness. The aims and basic principles of this objective are stated in the Programme of Social and Economic Development of the Republic of Belarus for 2006–2010. Innovation is a major element of the development of the productive sectors under this programme. In this regard, the policy recognizes the positive direct effect of SMEs on social and economic development and the need for an integrated system of reforms, including policies and measures related to taxation, credit, finance, prices, competition and infrastructure.
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