1.An export-oriented economy

From 2009 to 2018, 31.3% of manufactured goods and services were exported, with that number climbing to 36.6% for 2016 and 36.1% in 2018 [10]. At the same time, the rising cost of labor resources has cut into profits and sabotaged Belarusian competitiveness as compared to countries coupling similar technology with cheaper labor. More importantly, however, those countries themselves are undergoing structural reforms, improving their markets, and developing their institutions, with the effect of entrenching their competitiveness.
