How Ukraine became a market economy and democracy / Anders Åslund.

Format:

Book

Author/Creator:

Åslund, Anders, 1952-

Language:

English

Subjects (All):

Democratization.

Ukraine--Economic policy--1991-2014.

Ukraine.

Economic policy.

Ukraine--Economic conditions--1991-2014.

Economic conditions.

Democratization--Ukraine.

Physical Description:

xxv, 345 pages : illustrations, map ; 23 cm

Place of Publication:

Washington, DC : Peterson Institute for International Economics, 2009.

Contents:

Introduction 1

Main Arguments of the Book 2

Structure of the Book 9

1 Ukraine: Nation, History, and Soviet Reforms 11

A Proud but Tragic National Legacy 11

Society Wakes Up under Gorbachev 15

Impact of Soviet Economic Reforms and Crisis 23

2 Leonid Kravchuk: Nation-Building and Hyperinflation, 1991-94 29

National Independence 31

Kravchuk as President 34

Liberation from Russia 35

Ukraine's Denuclearization 39

The Grand Bargain of Ukraine's New Political Forces 41

Nationalist Economic Policy with Little Thought 43

Prime Minister Kuchma: Aborted Reform 45

Prime Minister Zviahilskiy: Unabashed Rent Seeking 46

Hyperinflation and Economic Disaster 47

Rent Seeking: Rationale of Ukraine's Early Economic Policy 55

Crimea: Threat of Secession 56

Kravchuk: Father of the Nation 58

3 Leonid Kuchma's Reforms, 1994-96 59

Parliamentary Elections, Spring 1994 63

Presidential Elections, June-July 1994 66

Kuchma Proclaims Radical Economic Reforms 68

Financial Stabilization and Liberalization 73

Currency Reform, September 1996 75

Privatization Takes Off 78

Adoption of the New Constitution, June 1996 83

Economic Policy Reversal 86

Limited but Effective International Assistance 88

Kuchma Saved His Country 90

4 Kuchma's Stagnation, 1996-99 93

Lazarenko's Excesses 94

Pynzenyk's Abortive Program for Economic Growth 97

Pustovoitenko: Passive Loyalist 100

Kuchma's Foreign Policy 101

Intricacies of the Gas Trade 105

Rise of the Oligarchs 107

Crime and Law Enforcement 113

Demise of Media Freedom 115

Parliamentary Elections, March 1998 117

Kuchma's Reelection, October-November 1999 119

Underreform Trap 121

5 Viktor Yushchenko's Reforms, 2000 125

On the Verge of Default 129

Oligarchs Opt for a Reform Government 132

Government Reform 133

Financial Cleansing and the Defeat of Barter 135

Energy Trade Cleaned Up 138

Agricultural Land Privatization 139

Privatization of Large Enterprises 140

Deregulation of Small Firms and Anticorruption Measures 141

The Gongadze Murder and "Kuchmagate" 143

Yushchenko's Ouster 145

A Severe Break in the Rent-Seeking Society 147

6 Competitive Oligarchy with High Growth, 2001-04 151

The Kinakh Government 152

Organization of a Strong Center-Right Opposition 153

The March 2002 Parliamentary Elections 155

The Yanukovych Government 159

Controversial Privatization of Kryvorizhstal 163

Economic Boom 164

Putin's Policy on Ukraine: Gas Trade, Common Economic Space, and the Tuzla Incident 168

NATO and the European Union's European Neighborhood Policy 172

7 The Orange Revolution, 2004 175

Options of the Old Regime 177

Mobilization of the Opposition and Civil Society 177

The Regime: Mobilized but Divided 180

Russia's Role 182

The Election Campaign: Yushchenko versus Yanukovych 184

The Presidential Elections 188

The Orange Revolution 191

The Settlement 194

Assessment of the Orange Revolution 197

8 Aftermath of the Orange Revolution, 2005-08 201

Formation of an Orange Coalition 202

Ukraine Turns to Europe 203

The Tymoshenko Government: Reprivatization 204

The Yekhanurov Government: Return to Order 209

Russia Disrupts Gas Deliveries: Higher Prices 211

Parliamentary Elections, March 2006 213

The Second Yanukovych Government: Oligarchy Restored 217

Dissolution of Parliament and New Parliamentary Elections, September 2007 219

The Second Tymoshenko Government: Stalemate 222

WTO Accession, May 2008 224

NATO Controversies and Russia's War in Georgia 226

Renewed Financial Crisis and IMF Agreement 229

Yushchenko Insists on New Elections 231

Limited Social Achievements 233

9 Lessons from Ukraine's Transformation 237

Constitutional Evolution and Shortcomings 238

Why Ukraine's Capitalist Transformation Succeeded 246

Role of the IMF 249

Impact of the Oligarchs 251

Will Ukraine's Democracy Survive? 254

European Economic Convergence 259

Putin's Alienation: Ukraine Turning to the West 261

Tables

Table 2.1 Results of presidential election, December 1, 1991 33

Table 3.1 Results of election to the Supreme Rada, March-April 1994 65

Table 3.2 Results of presidential election, June-July 1994 68

Table 4.1 Results of election to the Supreme Rada, March 29, 1998 118

Table 4.2 Results of presidential election, 1999 121

Table 6.1 Results of election to the Supreme Rada, March 31, 2002 156

Table 6.2 Composition of the Supreme Rada, 2002 and 2004 157

Table 7.1 Results of presidential election, 2004 189

Table 8.1 Results of election to the Supreme Rada, March 26, 2006 214

Table 8.2 Results of elections to the Supreme Rada, September 30, 2007 220

Figures

Figure 2.1 Decline in Ukraine's GNP, 1990-94 49

Figure 2.2 Underground economy, 1989-95 50

Figure 2.3 Monthly inflation and monetary expansion in Ukraine, 1992-94 51

Figure 2.4 Ukraine's total state revenues, expenditures, and budget deficit, 1992-94 53

Figure 3.1 Ukraine's consolidated state budget deficit, 1994-99 76

Figure 3.2 Ukraine's inflation rate (consumer price index), 1994-99 77

Figure 3.3 Share of GDP from private enterprise, 1991-2007 82

Figure 4.1 GDP growth, 1990-99 98

Figure 4.2 Rate of homicides and attempted murders in Ukraine and Russia, 1990-2007 114

Figure 5.1 Cumulative GDP change, 1989-99 126.

Notes:

Includes bibliographical references (pages 267-278) and index.

ISBN:

0881324272

9780881324273

OCLC:

274802712