Main Trends over Twenty-Five Years: Delayed Reforms Lead to Poor Performance

Oleh Havrylyshyn
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Oleh Havrylyshyn: University of Toronto

Chapter 3 in The Political Economy of Independent Ukraine, 2017, pp 35-60 from Palgrave Macmillan

Abstract: Abstract The purpose of this chapter is to describe the long-term evolution of the economy since independence compared to other transition countries. The bottom line is well known to observers of Ukraine: reforms moved quite slowly and the economy performed very poorly, lagging behind most of CEB, and even behind some FSU countries. A thorough description of this past history is a relatively easy task today, with plenty of quantitative and qualitative evidence available after twenty-five years. A much more difficult but perhaps more important task is to explain why Ukraine’s performance lagged so far behind; the answers are sought in the rest of the book. However, this chapter already provides a tentative hypothesis by showing an apparent visual correlation between slow reforms and poor performance. The chapter begins by demonstrating this for the entire post-communist era.

Keywords: European Union; Foreign Direct Investment; Gross Domestic Product; Human Development Index; Transition Country (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-1-137-57690-3_3

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DOI: 10.1057/978-1-137-57690-3_3

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