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.

Gives a full retrospective analysis of economic developments in Ukraine, 25 years after it became a sovereign nation Provides a comprehensive overview of policy and performance since independence Addresses current recommendations for correcting past policy errors

Autorentext

Oleh Havrylyshyn lectures at the Munk School of Global Affairs, University of Toronto, Canada, and the George Washington University, Washington DC, USA. Until 2015, he was advisor to senior officials in the Ukrainian Government. He has served as Ukraine's Deputy Minister of Finance, and was a senior official at the Board of Directors and Management of the IMF.

Inhalt
Part I. Introduction.- Part II. Post Independence Economic Reforms and Performance.- Part III. The Key Political-Economy Challenges Since Independence.- Part IV Summary and Conclusions.