| Belarus economy is highly dependent to Russia where the Ukraine crisis and cripled oil price has suffocated the economy plus Western suction on Russian.Beralus has to find a different way to elevate its economy and bussiness intergration,One Belt one Road Initative has shown a positive results.China has injected about 14 billion US dollars to finance business projects which will boost domestic production also a construction of economic zone The China-Belarus industrial Park Great Stone in Smolevichsky district within Minsk.By comparing the Chinese lamp company model and the Belarusian lamp company model: can obtain that,for Belarusian companies,the increase in sales generated by each additional unit of labor increases more than that of Chinese companies.China has a large population,and in the lamp making industry,the degree of labor market development has almost reached a level of saturation.Therefore,the increase in labor input will have a minimal impact on sales.However,for Belarusian companies,the labor market of the lighting industry is still at a stage of development,so if we increase the labor input,the impact on sales will be even greater than that in China. |
