| | | | PROBLEMS OF MODERN ECONOMICS, N 4 (36), 2010 | | | | FROM THE HISTORY OF SOCIO-ECONOMIC THOUGHT AND NATIONAL ECONOMY | | | Sviridovich V. A.
Leading research fellow,
Institute of Economics, Byelorus’ National Academy of Science (Minsk)
PhD (Economics)
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| | | The article discusses the origin and evolution of finances and pays particular attention to state finances that exert a considerable influence upon economic development. The author addresses the issue of the major reason of why Byelorus’ has been lagging behind its European neighbors for a long period of time: excessive concentration of financial resources in the hands of the state, precipitously narrowing investment opportunities of the actual producers | | Key words: state finances, tax load, Russian Empire, internal politics, industrial investments | |
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