THE EXTERNAL ECONOMIC FACTORS OF MODERNIZATION OF THE BELARUSIAN ECONOMY

Trends and challenges and their impact on the prospects for economic and social development of member countries based on the analysis of the current state of the world economy have been examined in this paper. The purpose of this study is to determine the contribution and the role of the external economic factor in the modernization of the national economy of the Republic of Belarus. Integrated analysis and synthesis of statistical data allowed the author to prove the objective necessity and identified the reasons and problems of modernization of the national economy. The results of the study can be used by the appropriate government bodies in the formation of external economic policy of the country, as well as in the educational process.