IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/11966.html
   My bibliography  Save this paper

Ukraine at a Crossroads

Author

Listed:
  • Dabrowski, Marek

Abstract

The Orange Revolution in the fall of 2004 built great hopes for a better future for Ukraine. However, three years later those hopes have been replaced by disappointment, frustration and confusion. Although progress in the areas of political freedom, pluralism, civil rights and freedom in the media remains unquestionable the record of economic, institutional and legal reforms is much more problematic. The key macroeconomic indicators are not better than they were few years ago and the business climate has barely improved. The WTO accession process remains incomplete. The perspectives of Euro-Atlantic ntegration are continually subject to heated domestic political controversies. The political situation remains unstable, mostly due to the hasty constitutional changes that were adopted during the Orange Revolution. The purpose of this paper is to analyze the state of the Ukrainian economy at the end of 2007 and reflect upon what kind of reform program the Ukrainian government should consider, regardless of its political color. The reforms suggested in this paper involve a broad agenda of macroeconomic, social, structural and institutional measures. This agenda goes beyond the purely economic sphere and also addresses issues of legal, administrative and political reforms. The politics and political economy of any future reform effort will not be easy because the country is deeply divided in political, cultural, regional and ethnic terms. In such an environment, crucial reforms and strategic decisions will require a wider cross-party political consensus

Suggested Citation

  • Dabrowski, Marek, 2007. "Ukraine at a Crossroads," MPRA Paper 11966, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:11966
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/11966/1/MPRA_paper_11966.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Ewa Balcerowicz & Oleg Ustenko, 2006. "Regulatory Policy in Ukraine: Current State and What Should be Done to Improve the Business Environment," CASE Network Studies and Analyses 0324, CASE-Center for Social and Economic Research.
    2. Lucjan T. Orlowski (ed.), 2001. "Transition and Growth in Post-Communist Countries," Books, Edward Elgar Publishing, number 2259.
    3. Jeffrey A. Frankel, 1999. "No Single Currency Regime is Right for All Countries or At All Times," NBER Working Papers 7338, National Bureau of Economic Research, Inc.
    4. Ms. Paula De Masi & Mr. Vincent Koen, 1997. "Prices in the Transition: Ten Stylized Facts," IMF Working Papers 1997/158, International Monetary Fund.
    5. Mr. Andrew J Tiffin, 2006. "Ukraine: The Cost of Weak Institutions," IMF Working Papers 2006/167, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Pasquale Tridico & Iryna Zhak, 2016. "The Second Ukrainian Transition: From Oligarch Economy to a Sustainable Development Model," Challenge, Taylor & Francis Journals, vol. 59(3), pages 234-257, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Marek Dabrowski & Wojciech Paczynski & Lukasz Rawdanowicz, 2002. "Inflation and Monetary Policy in Russia: Transition Experience and Future Recommendations," CASE Network Studies and Analyses 0241, CASE-Center for Social and Economic Research.
    2. Mr. Bogdan Lissovolik, 2003. "Determinants of Inflation in a Transition Economy: The Case of Ukraine," IMF Working Papers 2003/126, International Monetary Fund.
    3. Bofinger, Peter & Wollmershauser, Timo, 2001. "Is there a third way to EMU for the EU accession countries?," Economic Systems, Elsevier, vol. 25(3), pages 253-274, September.
    4. Chrysost Bangake & Aram Belhadj & Nabil Jedlane, 2007. "Towards Maghreb Monetary Unification: What does the Theory and History Tell Us?," Post-Print halshs-00366756, HAL.
    5. H. Gao, 2008. "Global dollar standard: challenges for Asian financial integration," Economic Change and Restructuring, Springer, vol. 41(4), pages 369-382, December.
    6. Grenville, Stephen, 2011. "The Impossible Trinity and Capital Flows in East Asia," ADBI Working Papers 319, Asian Development Bank Institute.
    7. Lin, Shu, 2006. "Does it pay to go to the corners? An empirical evaluation of the bipolar view of exchange rate regimes," Economics Letters, Elsevier, vol. 92(3), pages 342-347, September.
    8. Luiz Carlos Bresser-Pereira & Marcio Holland, 2009. "Common currency and economic integration in Mercosul," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 32(2), pages 213-234, December.
    9. Henri Bourguinat & Larbi Dohni, 2002. "La dollarisation comme solution en dernier ressort," Revue Française d'Économie, Programme National Persée, vol. 17(1), pages 57-96.
    10. Mr. Andrea Bubula & Ms. Inci Ötker, 2002. "The Evolution of Exchange Rate Regimes Since 1990: Evidence From De Facto Policies," IMF Working Papers 2002/155, International Monetary Fund.
    11. Salim Araji & Vladimir Hlasny & Layal Mansour Ichrakieh & Vito Intini, 2019. "Targeting debt in Lebanon: a structural macro-econometric model," Middle East Development Journal, Taylor & Francis Journals, vol. 11(1), pages 75-104, January.
    12. Robert-Paul Berben & Jan Marc Berk, 2002. "Requirements for successful currency regimes: the Dutch and Thai experiences," MEB Series (discontinued) 2002-16, Netherlands Central Bank, Monetary and Economic Policy Department.
    13. Levy Yeyati, Eduardo & Sturzenegger, Federico & Reggio, Iliana, 2010. "On the endogeneity of exchange rate regimes," European Economic Review, Elsevier, vol. 54(5), pages 659-677, July.
    14. Michael B. Devereux, 2001. "Financial Constraints and Exchange Rate Flexibility in Emerging Market Economies," Working Papers 152001, Hong Kong Institute for Monetary Research.
    15. Jeffrey Frankel, 2003. "A Proposed Monetary Regime for Small Commodity Exporters: Peg the Export Price (‘PEP’)," International Finance, Wiley Blackwell, vol. 6(1), pages 61-88, March.
    16. Guillermo Ortiz, 2000. "How should monetary policymakers react to the new challenges of global economic integration: commentary," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 255-276.
    17. Andrea Bonilla‐Bolaños, 2021. "A step further in the theory of regional integration: A look at the South American integration strategy," Journal of International Development, John Wiley & Sons, Ltd., vol. 33(5), pages 845-873, July.
    18. Siklos, Pierre L., 2018. "Boom-and-bust cycles in emerging markets: How important is the exchange rate?," Journal of Macroeconomics, Elsevier, vol. 56(C), pages 172-187.
    19. Engel, Charles, 2001. "Optimal Exchange Rate Policy: The Influence of Price Setting and Asset Markets," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 33(2), pages 518-541, May.
    20. Vijay Joshi, 2003. "Financial Globalisation, Exchange Rates and Capital Controls in Developing Countries," Departmental Working Papers 2003-19, The Australian National University, Arndt-Corden Department of Economics.

    More about this item

    Keywords

    Ukraine; Orange Revolution; CIS; transition; European Naighborhood Policy; Euro-Atlantic integration;
    All these keywords.

    JEL classification:

    • P33 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - International Trade, Finance, Investment, Relations, and Aid
    • P21 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Planning, Coordination, and Reform
    • P24 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
    • P35 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Public Finance
    • P27 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Performance and Prospects
    • P26 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Property Rights

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:11966. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.