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The Political Economy of Independent Ukraine: Captured by the Past

The Political Economy of Independent Ukraine: Captured by the Past

Paperback

Series: Studies in Economic Transition

EconomicsGeneral Reference

ISBN10: 1349418447
ISBN13: 9781349418442
Publisher: Springer Nature
Published: Jan 1 2000
Pages: 236
Weight: 0.56
Height: 0.53 Width: 5.00 Depth: 8.00
Language: English
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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