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Ukraine

In: Foreign Investment in Russia and Other Soviet Successor States

Author

Listed:
  • Faye Sinclair

Abstract

In terms of population, Ukraine is the second largest of the successor-states (approximately 25 million inhabitants). It has a developed industry based on deposits of coal and iron ore, and its geographical position is conducive to highly-efficient agriculture. Since the dissolution of the USSR, and its declaration of independence, Ukraine has embarked on the road of market reform, which entails the opening of the economy, allowing for a free flow of goods, labour and entrepreneurial capital. The inflow of the latter, in particular, is increasingly perceived as a catalyst in transforming Ukraine from Kornai’s ‘shortage’ economy to a Western-type ‘pressure’ economy, which operates under hard rather than soft budget constraints.

Suggested Citation

  • Faye Sinclair, 1996. "Ukraine," Palgrave Macmillan Books, in: Patrick Artisien-Maksimenko & Yuri Adjubei (ed.), Foreign Investment in Russia and Other Soviet Successor States, chapter 7, pages 177-207, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-24892-6_7
    DOI: 10.1007/978-1-349-24892-6_7
    as

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