Introduction

Hans Zon
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Hans Zon: University of Sunderland

Chapter 1 in The Political Economy of Independent Ukraine, 2000, pp 1-7 from Palgrave Macmillan

Abstract: Abstract When Ukraine gained independence in 1991, many Ukrainians assumed that the country would perform relatively well if the ties with Russia could be severed. Most nationalists were convinced that Ukraine, a country of 51.9 million inhabitants in 1991 (49.8 in late 1999), was exploited by Russia and that, with independence, the new country would be able to profit from its rich natural resources. These beliefs were fuelled by a report from Deutsche Bank (1991) that gave Ukraine the best economic development prospects of all the ex-Soviet republics. In particular, the country’s rich soil and its expertise in machine building and heavy metallurgy were mentioned as great assets. These factors, together with the lack of faith in the ability of the authorities in Moscow to govern for the benefit of Ukraine, especially after the aborted coup of 1991, led the Russian-speaking half of the population to support independence.

Keywords: Shadow Economy; Transition Country; Predatory State; Rich Natural Resource; Capitalist Element (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-0-333-97802-3_1

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DOI: 10.1057/9780333978023_1

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