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Ukraine at the Crossroads : Economic Reforms in International Perspective - Axel Sidenberg

Ukraine at the Crossroads

Economic Reforms in International Perspective

By: Axel Sidenberg (Editor), Lutz Hoffmann (Editor)

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Published: 21st January 1999
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Axel Siedenberg, Lutz Hoffmann 1 The specificity of transformation in Ukraine When the Soviet empire collapsed in the very early 1990s, the new era that dawned was commonly given the name 'transformation', implying the systemic change from socialism towards some form of market economy. Almost ten years later, 'the' transformation process does not exist any more; instead, a whole variety of transformations are taking place in Eastern Europe and the CIS: Whereas some countries are heading towards EU membership (e. g. Poland), others are still pondering on what economic system to adopt (e. g. Russia) and yet others have rejected a market-oriented transformation outright (e. g. Belarus). Within this variety of transformations, Ukraine clearly stands out as a specific case: Whilst initially considered to be one of the stronger post-Soviet Republics, it descended into economic depression in 1992 and has hardly recovered since; on the other hand, once considered to be a potential centre of ethnic unrest and political instability, it has turned into a democratic, peaceful civil society that is firmly establishing itself within the new European and world order. This book takes a critical look at economic reform in Ukraine as compared to other East European and CIS countries. Our hypothesis is that Ukraine is going through a transformation process peculiar to itself, which can be traced at both macroeconomic and microeconomic level.

"There is no alternative to reforming the Ukranian economy. The benefit of this research is that it makes it possible to view the situation in Ukraine from the outside and to correct reforms in time." Serhiy Tihipko, Vice-Prime Minister of Ukraine

"This book, compiled by the German Advisory Group with the Ukranian Government, is testimony to close German-Ukranian cooperation. In supporting this advisory project within the framework of its TRANSFORM programme, the German Federal Government is making an important contribution to the transformation to a social market economy in Ukraine." Walter Kittel, Former State Secretary, Commissioner of the Federal Government of Germany for Technical Cooperation with Central and Eastern Europe

"Transition to most economists means Russian collapse or success in Poland or Hungary. Ukraine is by and large ignored even though the country's experience is dramatic. This excellent book documents the tough reform battle. "This country is different" has always been the first step to bad analysis. This book rightly insists on viewing Ukraine's experience in an international perspective. It is not only the only serious source, it is an outstanding one." Rudi Dornbusch, Ford Professor of Economics and International Management, MIT

"The analysis and solutions presented in these papers show an immense depth of understanding and originality." Charles Clover, Financial Times

Prefaces
Introductionp. 1
Macroeconomic Issuesp. 7
Growth in Ukraine - Lessons from Other Transition Countriesp. 9
Growth in Transition Economies 1990-97: An Econometric Analysis with Application to Ukrainep. 22
The Interplay Between Monetary Policy and Reform Policy in Ukraine - An Overviewp. 58
Principles for a Public Debt Strategy in Ukrainep. 80
Discussion of Part Ip. 106
Institutional Reformp. 109
Transition Crisis: Is Crisis Management Delaying Transition?p. 111
The Subsidisation of Enterprises in Ukrainep. 119
Special Economic Zones in Ukraine - A Means of Promoting Investment?p. 131
Foreign Direct Investment in Ukraine - Experiences Taken from Realityp. 138
Reforming the Social Security Systemp. 161
Discussion of Part IIp. 189
Financial Sector Reformp. 191
Banking Reforms in Eastern Europe with Special Reference to Ukrainep. 193
Development of the Ukrainian Financial Sector: Proposals for Banking, Pension and Capital Market Reformp. 217
Discussion of Part IIIp. 240
Agriculture and Food Processingp. 243
Restructuring of Agriculture and Food Processing in Hungaryp. 245
Huge Potential, Huge Losses - The Search for Ways Out of the Dilemma of Ukrainian Agriculturep. 259
The Market for Sugar in Ukraine: Past, Present and Futurep. 271
Grain Production in Ukraine: Missed Opportunities and the Need for Immediate Actionp. 292
Guidelines for Agricultural Policy Making in Ukraine: What Can and Should the State Be Doing?p. 309
Discussion of Part IVp. 327
Energy Sector Reformp. 331
Energy Sector Reform in Ukraine: Mid-term Reportp. 333
The England and Wales Electricity Experience - Lessons for Ukrainep. 352
Power Sector Reform in Russia - Failed Intentions: An Analysis of Measures Undertakenp. 364
Price Policies and Subsidies in the Energy Sector of Ukrainep. 377
Gas Sector Restructuring in Ukraine: Analysis of Import Dependence, Price Formation and Socio-Economic Effectsp. 391
Discussion of Part Vp. 408
Mapsp. 411
Statistical Annexp. 415
Suggested Readingp. 417
Tablesp. 423
Figuresp. 427
The Authorsp. 429
Indexp. 433
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9783790811896
ISBN-10: 3790811890
Audience: General
Format: Paperback
Language: English
Number Of Pages: 437
Published: 21st January 1999
Publisher: Springer-Verlag Berlin and Heidelberg Gmbh & Co. Kg
Country of Publication: DE
Dimensions (cm): 23.39 x 15.6  x 2.34
Weight (kg): 0.64