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Latest publications by IPM Business School (Belarus)
IPM Business School is glad to share the recent publications in research, including “Free Policy Brief: Does Political Illegitimacy in Belarus Imply New Economic Risks?”.
Global Entrepreneurship Monitor Report: GEM Belarus 2019/2020
. Maryia Akulava, Radzivon Marozau,Aliaksandr Abrashkevich, Maribel Guerrero
Prospects for Corporate Governance Development in Belarus
. Radzivon Marozau.
FREE Policy Brief: Does Political Illegitimacy in Belarus Imply New Economic Risks?
Dzmitry Kruk, Lev Lvovskiy.
Today’s political crisis in Belarus has given a rise to the phenomenon classified in political science as political illegitimacy. However, this is not a pure political phenomenon. It causes adverse and severe economic adjustments. In a short-term perspective, it gives a rise to numerous risks of financial destabilization. Moreover, it is likely to deepen the current recession and make it protracted. In the long-term, political illegitimacy causes adverse institutional adjustments and erosion of human capital, which is likely to lead a country into a long-standing depression. We argue that resolving the political crisis in a way that revives trust and legitimacy is the only ‘good’ solution.
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