Policy Documentation CenterHome
Why has Ukraine returned to economic growth?

Aslund, Anders
For ten years Ukraine was one of the sickest economies in the former Soviet Union. By 1999 most observers had decided that Ukraine displayed all the symptoms of economic malaise. It was hopelessly corrupt, market reforms were generally tardy and unfinished, the budget deficit was larger than the available financing, non-payments and arrears were rife. It is, therefore, all the more surprising that this country is currently experiencing an extraordinary economic surge, with industrial and agricultural production skyrocketing. Even if the present economic situation doesn’t last it is already remarkable and requires serious study. The purpose of this paper is to provide a quantitative analysis of Ukraine’s sudden economic growth and strong recovery. It begins by looking at common explanations of economic growth that have not proven relevant, discusses what concrete economic policy measures appear to have contributed to the generation of growth and ends by scrutinising how this was politically feasible. A proper understanding of Ukraine’s situation should help towards an understanding of post-Soviet transformation and offer clues about how to reform other countries.
View View PDF
Contributor: Institute for Economic Research and Policy Consulting - http://www.ier.kiev.ua
Topic: Economy and Development
Country: Ukraine
Document Type: Economic Analyses and Commentaries
Year: 2002
Keywords: Economic Growth, Economic Reform, Market Economy, Political Reform, Privatisation
Country | Contributor
Advanced search