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The Ukrainian Economy Since Independence by King Banaian Pdf
These analyses of the Ukranian economy show why not all transitions have a happy ending. In the Ukraine, ideology and poor policy choices can be seen to have combined to forestall even the most hopeful signs of recovery. Banaian argues that arrested transition may continue indefinitely.
How Ukraine Became a Market Economy and Democracy by Anders Åslund Pdf
One of Europe's old nations steeped in history, Ukraine is today an undisputed independent state. It is a democracy and has transformed into a market economy with predominant private ownership. Ukraine's postcommunist transition has been one of the most protracted and socially costly, but it has taken the country to a desirable destination. Åslund's vivid account of Ukraine's journey begins with a brief background, where he discusses the implications of Ukraine's history, the awakening of society because of Mikhail Gorbachev's reforms, the early democratization, and the impact of the ill-fated Soviet economic reforms. He then turns to the reign of President Leonid Kravchuk from 1991 to 1994, the only salient achievement of which was nation-building, while the economy collapsed in the midst of hyperinflation. The first two years of Leonid Kuchma's presidency, from 1994 to 1996, were characterized by substantial achievements, notably financial stabilization and mass privatization. The period 1996–99 was a miserable period of policy stagnation, rent seeking, and continued economic decline. In 2000 hope returned to Ukraine. Viktor Yushchenko became prime minister and launched vigorous reforms to cleanse the economy from corruption, and economic growth returned. The ensuing period, 2001–04, amounted to a competitive oligarchy. It was quite pluralist, although repression increased. Economic growth was high. The year 2004 witnessed the most joyful period in Ukraine, the Orange Revolution, which represented Ukraine's democratic breakthrough, with Yushchenko as its hero. The postrevolution period, however, has been characterized by great domestic political instability; a renewed, explicit Russian threat to Ukraine's sovereignty; and a severe financial crisis. The answers to these challenges lie in how soon the European Union fully recognizes Ukraine's long-expressed identity as a European state, how swiftly Ukraine improves its malfunctioning constitutional order, and how promptly it addresses corruption.
"The government deficits that have played such a prominent role in Ukraine's continued economic decline reflect in large measure the fact that government has been slow to relinquish the role it played during the Soviet era." Since independence, Ukraine has suffered one of the most severe economic declines of any country in this century. While other transition countries in the region successfully replaced their old command economies with market economies, Ukraine continued to protect unprofitable enterprises to preserve employment and income levels. To support this strategy, the government has borrowed more money than it takes in and, at the same time, competes with private enterprise domestically for credit. As Ukraine's economic foundations proceed to crumble, the Ukrainian Government. the World Bank, and the International Center for Policy Studies in Kyiv examined the issues surrounding the crisis. The group analyzed the data and policy studies that were prepared by various Ukrainian and World Bank teams of experts and formulated recommendations for strategies to stem the growing tidal wave of economic collapse now threatening Ukraine. This report presents the issues that are creating these crises and outlines a course to prevent a crash. This report will be of interest to government agencies, economists, bankers, and academics.
Ukraine on the Road to Europe by Lutz Hoffmann,Felicitas Möllers Pdf
by Viktor A. Yushchenko, Prime Minister of Ukraine The intensification of the integration processes on our continent entirely coincides with the national interests of Ukraine, a country which is undoubtedly European both geographically and politically. What kind of Europe do we now have, and what should it be in the future? What should the role of Ukrainian society be in the economic, social, and cultural integration of the countries on the European continent? These questions are the subject of research and scientific analysis by the well-known economists whose work is contained in this book. Let there be no doubt, the strategic goal of Ukraine's foreign policy is the active participation of our country in the European integration process. Thus, the move toward co-operation and gradual integration with the European Union was defined as one of the main priorities of the Ukrainian Government's programme "Reforms for Well-being", which is based on President Leonid Kuchma's speech "Ukraine: Steps into XXI century" and was approved by the Ukrainian Parliament. This move is not a hasty response to a new trend, but rather a pragmatic decision since the EU will define the face of Europe for the next century.
Economic Reform in Ukraine: The Unfinished Agenda by Anders Aslund,Georges De Menil Pdf
Ukraine may have taken a "gradualist" approach to economic reform, but the results have been no better than in Russia. The editors have assembled the leading specialists on the Ukrainian economy, including officials from major Ukrainian and international economic institutions, to outline the major problems of the economy, analyze the initial phases of economic reform in Ukraine, assess their outcomes, and chart the way forward.
The Political Economy of Independent Ukraine by Oleh Havrylyshyn Pdf
Marking the 25th anniversary of Ukraine as a sovereign nation, this book traces its economic transformation since 1991. Post-communist transition has been a highlight of recent history, and Ukraine stands out as one of its most interesting and puzzling cases. Havrylyshyn offers the first comprehensive treatise on the entire period, providing a thorough description of the slow evolution of economic reforms, exploring how and why performance in this regard fell far behind the leaders in transition. Testing several conventional hypotheses, the author argues that while Russian imperialism may form part of the explanation, the self-serving interests of domestic elites and new oligarchs may be even more important. Radically revising the traditional argument that reforms were delayed to allow nation building, this book contends that it was due more to the interests of the non-lustrated elite, who needed time to become the new capitalists.
Unique IT Environment of Ukraine by Alina Ignatiuk,Anton Pikus Pdf
Seminar paper from the year 2008 in the subject Business economics - Miscellaneous, grade: A, St. Mary's University San Antonio, Texas (Bill Greehey School of Business), language: English, abstract: Ukraine, the second largest state in Europe, appeared on the map of the world in 1991 after the dissolution of the Soviet Union. It borders Russia to the east, Belarus to the north, Poland, Slovakia and Hungary to the west, Romania, Moldova to the southwest, and the Black Sea and the Sea of Azov to the south. The capital of Ukraine is Kyiv. The state language of Ukraine is Ukrainian. Russian language is widely spoken, especially in the eastern and southern part of Ukraine. Although Ukraine has only been independent for seventeen years, it has an ancient history. In IX century the territory of Ukraine was a center of the East Slavic civilization, forming the state of Kievan Rus' which disintegrated in the 12th century [1]. At that period of time Kiev was the major political and cultural center in Eastern Europe. From the 14th century the territory of Ukraine was divided among a number of regional powers. As a result of such disintegration, in the 19th century the largest part of Ukraine was integrated into the Russian Empire, with the rest under Austro-Hungarian control [1]. In 1917 and 1918 three separate Ukrainian republics declared independence. However by 1921 the western part of the traditional territory had been incorporated into Poland and the larger central and eastern part became one of the founding republics of the Soviet Union. Later after the German and Soviet invasions of Poland in 1939 the western Ukrainian regions were also incorporated into the Soviet Union [2]. The Ukrainian national idea persevered during the Soviet period was pressed mostly by Stalin who imposed terror campaigns against the intellectual class. Ukraine declared its independence on Aug. 24, 1991 after the dissolution of the Soviet Union. It was quickly recognized by the international com
The Political Economy of Independent Ukraine by Hans van Zon Pdf
"The Political Economy of Independent Ukraine" analyzes the reasons for the abysmal economic performance of Ukraine during the 1990s. The main thesis is that economic development was blocked by a set of parasitic mechanisms at all levels of the economy that prevented the development of value-added economic activities. Those parasitic mechanisms already developed under Soviet rule ('beating the system' by redistributing goods and services while disregarding formal rules) became a widespread practice.
Ukraine under Kuchma is the first survey of recent developments in post-soviet Ukraine. The book covers in an in-depth manner the entire range of key developments since the 1994 parliamentary and presidential elections, the first elections held in post-soviet Ukraine. The new era ushered in by these elections led to Ukraine's launch of radical economic and political reforms which aim to domestically dismantle soviet power within Ukraine, stabilise relations with the separatist Crimean region and normalise relations with Russia and the West.
From “the Ukraine” to Ukraine by Matthew Kasianov, Georgiy Minakov, Mykhailo Rojansky Pdf
The contributors to this collection explore the multidimensional transformation of independent Ukraine and deal with her politics, society, private sector, identity, arts, religions, media, and democracy. Each chapter reflects the up-to-date research in its sub-discipline, is styled for use in seminars, and includes a bibliography as well as a recommended reading list. These studies illustrate the deep changes, yet, at the same time, staggering continuity in Ukraine’s post-Soviet development as well as various counter-reactions to it. All nine chapters are jointly written by two co-authors, one Ukrainian and one Western, who respond here to recent needs in international higher education. The volume’s contributors include, apart from the editors: Margarita M. Balmaceda (Seton Hall University), Oksana Barshynova (Ukrainian National Arts Museum), Tymofii Brik (Kyiv School of Economics), José Casanova (Georgetown University), Diana Dutsyk (Kyiv-Mohyla Academy), Marta Dyczok (University of Western Ontario), Hennadii Korzhov (Kyiv Polytechnic Institute), Serhiy Kudelia (Baylor University), Pavlo Kutuev (Kyiv Polytechnic Institute), Olena Martynyuk (Columbia University), Oksana Mikheieva (Ukrainian Catholic University), Tymofii Mylovanov (University of Pittsburgh), Andrian Prokip (Ukrainian Institute for the Future), Oxana Shevel (Tufts University), Ilona Sologoub (Kyiv School of Economics), Maksym Yenin (Kyiv Polytechnic Institute), and Yuliya Yurchenko (University of Greenwich).
This comprehensive and detailed examination of the challenges faced by the newly independent state of Ukraine argues that its lackluster economic performance during the 1990s was the unfortunate result of a combination of the hasty adoption of public policies not clearly understood and a prolonged struggle to build governmental institutions. With a focus on both how the government used financial repression to balance budgets, dampen inflationary pressures and, at the same time, maintain formal and informal subsidies to state enterprises. It makes original contributions to the debate on economic reform by focusing attention on Ukraine's critical choices in the areas of state institution-building, fiscal policies and monetary reform, and the government's preference for financially-repressive policy measures.
Towards a Political Economy of Ukraine: Selected Essays 1990-2015 by Marko Bojcun Pdf
The essays in this book explore the major developments, both domestic and international, that shaped the first quarter-century of Ukraine’s independence: the simultaneous construction of a nation-state and the privatization of its economy; a formal democratization of the political process alongside the capture of state institutions by big business oligarchs; their efforts to gain social acceptance at home while maneuvering between competing Russian, EU, and American projects to hegemonize the region; the impact of the financial crises of 1997 and 2008 on Ukrainian society and the national economy’s place in the world market; the growing inequality of society, the mass revolts in 2004 and 2014 against corruption and injustice; and the beginning of Russian military intervention in Ukraine.