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The Political Economy of Independent Ukraine : Captured by the Past, PDF eBook

The Political Economy of Independent Ukraine : Captured by the Past PDF

Part of the Studies in Economic Transition series

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Description

The Political Economy of Independent Ukraine analyses the reasons for the abysmal economic performance of Ukraine during the 1990s.

The main thesis is that economic development was blocked by a set of parasitic mechanisms at all levels of the economy that prevented the development of value-added economic activities.

These parasitic mechanisms already developed under Soviet rule ('beating the system' by redistributing goods and services while disregarding formal rules) became a widespread practice.

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