How Ukraine became a market economy and democracy /
Anders Åslund.
Washington, DC : Peterson Institute for International Economics, 2009.
xxv, 345 p. : ill., map ; 23 cm.
0881324272, 9780881324273
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Washington, DC : Peterson Institute for International Economics, 2009.
catalogue key
Includes bibliographical references (p. 267-278) and index.
A Look Inside
Full Text Reviews
Appeared in Choice on 2009-07-01:
This is an excellent book. ^DoAslund is perhaps unsurpassed in his expertise regarding Ukraine's recent economic and political development. He is the author of numerous publications, e.g., How Capitalism Was Built (CH, Mar'08, 45-3885) and Russia's Capitalist Revolution (CH, Apr'08, 45-4486). His introduction presents his main arguments. In the first chapter, ^DoAslund briefly describes Ukraine's historical struggle to define and establish itself as a sovereign nation. This condensed history updates the reader to 1991, when Ukraine voted for its independence from the former Soviet Union. The second chapter is the first of seven chronological-thematic chapters that detail the events (e.g., the Orange Revolution), forces, and persons that moved Ukraine toward "becoming a market economy and democracy." The final chapter gives a frank but realistic appraisal of what Ukraine has accomplished, especially political freedom as now enjoyed by Ukrainians and as defined by Freedom House. This chapter also states what needs to be done to secure Ukraine's gains (e.g., improving laws and lessening corruption) and to foster better governance, namely, adopting a parliamentary system of government. Russia is presented as eager to see Ukraine stumble as an independent state. Appendixes include brief biographies of leading persons and a chronology starting with 1990. Summing Up: Highly recommended. Upper-division undergraduate through professional collections. D. D. Miller Baldwin-Wallace College
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Choice, July 2009
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Table of Contents
Prefacep. xiii
Acknowledgmentsp. xvii
Mapp. xxi
Key Factsp. xxiii
Introductionp. 1
Main Arguments of the Bookp. 2
Structure of the Bookp. 9
Ukraine: Nation, History, and Soviet Reformsp. 11
A Proud but Tragic National Legacyp. 11
Society Wakes Up under Gorbachevp. 15
Impact of Soviet Economic Reforms and Crisisp. 23
Leonid Kravchuk: Nation-Building and Hyperinflation, 1991-94p. 29
National Independencep. 31
Kravchuk as Presidentp. 34
Liberation from Russiap. 35
Ukraine's Denuclearizationp. 39
The Grand Bargain of Ukraine's New Political Forcesp. 41
Nationalist Economic Policy with Little Thoughtp. 43
Prime Minister Kuchma: Aborted Reformp. 45
Prime Minister Zviahilskiy: Unabashed Rent Seekingp. 46
Hyperinflation and Economic Disasterp. 47
Rent Seeking: Rationale of Ukraine's Early Economic Policyp. 55
Crimea: Threat of Secessionp. 56
Kravchuk: Father of the Nationp. 58
Leonid Kuchma's Reforms, 1994-96p. 59
Parliamentary Elections, Spring 1994p. 63
Presidential Elections, June-July 1994p. 66
Kuchma Proclaims Radical Economic Reformsp. 68
Financial Stabilization and Liberalizationp. 73
Currency Reform, September 1996p. 75
Privatization Takes Offp. 78
Adoption of the New Constitution, June 1996p. 83
Economic Policy Reversalp. 86
Limited but Effective International Assistancep. 88
Kuchma Saved His Countryp. 90
Kuchma's Stagnation, 1996-99p. 93
Lazarenko's Excessesp. 94
Pynzenyk's Abortive Program for Economic Growthp. 97
Pustovoitenko: Passive Loyalistp. 100
Kuchma's Foreign Policyp. 101
Intricacies of the Gas Tradep. 105
Rise of the Oligarchsp. 107
Crime and Law Enforcementp. 113
Demise of Media Freedomp. 115
Parliamentary Elections, March 1998p. 117
Kuchma's Reelection, October-November 1999p. 119
Underreform Trapp. 121
Viktor Yushchenko's Reforms, 2000p. 125
On the Verge of Defaultp. 129
Oligarchs Opt for a Reform Governmentp. 132
Government Reformp. 133
Financial Cleansing and the Defeat of Barterp. 135
Energy Trade Cleaned Upp. 138
Agricultural Land Privatizationp. 139
Privatization of Large Enterprisesp. 140
Deregulation of Small Firms and Anticorruption Measuresp. 141
The Gongadze Murder and "Kuchmagate"p. 143
Yushchenko's Ousterp. 145
A Severe Break in the Rent-Seeking Societyp. 147
Competitive Oligarchy with High Growth, 2001-04p. 151
The Kinakh Governmentp. 152
Organization of a Strong Center-Right Oppositionp. 153
The March 2002 Parliamentary Electionsp. 155
The Yanukovych Governmentp. 159
Controversial Privatization of Kryvorizhstalp. 163
Economic Boomp. 164
Putin's Policy on Ukraine: Gas Trade, Common Economic Space, and the Tuzla Incidentp. 168
NATO and the European Union's European Neighborhood Policyp. 172
The Orange Revolution, 2004p. 175
Options of the Old Regimep. 177
Mobilization of the Opposition and Civil Societyp. 177
The Regime: Mobilized but Dividedp. 180
Russia's Rolep. 182
The Election Campaign: Yushchenko versus Yanukovychp. 184
The Presidential Electionsp. 188
The Orange Revolutionp. 191
The Settlementp. 194
Assessment of the Orange Revolutionp. 197
Aftermath of the Orange Revolution, 2005-08p. 201
Formation of an Orange Coalitionp. 202
Ukraine Turns to Europep. 203
The Tymoshenko Government: Reprivatizationp. 204
The Yekhanurov Government: Return to Orderp. 209
Russia Disrupts Gas Deliveries: Higher Pricesp. 211
Parliamentary Elections, March 2006p. 213
The Second Yanukovych Government: Oligarchy Restoredp. 217
Dissolution of Parliament and New Parliamentary Elections, September 2007p. 219
The Second Tymoshenko Government: Stalematep. 222
WTO Accession, May 2008p. 224
NATO Controversies and Russia's War in Georgiap. 226
Renewed Financial Crisis and IMF Agreementp. 229
Yushchenko Insists on New Electionsp. 231
Limited Social Achievementsp. 233
Lessons from Ukraine's Transformationp. 237
Constitutional Evolution and Shortcomingsp. 238
Why Ukraine's Capitalist Transformation Succeededp. 246
Role of the IMFp. 249
Impact of the Oligarchsp. 251
Will Ukraine's Democracy Survive?p. 254
European Economic Convergencep. 259
Putin's Alienation: Ukraine Turning to the Westp. 261
Bibliographyp. 267
Brief Biographies of Leading Politicians and Businessmenp. 279
Chronologyp. 287
Abbreviationsp. 299
Indexp. 301
Results of presidential election, December 1, 1991p. 33
Results of election to the Supreme Rada, March-April 1994p. 65
Results of presidential election, June-July 1994p. 68
Results of election to the Supreme Rada, March 29, 1998p. 118
Results of presidential election, 1999p. 121
Results of election to the Supreme Rada, March 31, 2002p. 156
Composition of the Supreme Rada, 2002 and 2004p. 157
Results of presidential election, 2004p. 189
Results of election to the Supreme Rada, March 26, 2006p. 214
Results of elections to the Supreme Rada, September 30, 2007p. 220
Decline in Ukraine's GNP, 1990-94p. 49
Underground economy, 1989-95p. 50
Monthly inflation and monetary expansion in Ukraine, 1992-94p. 51
Ukraine's total state revenues, expenditures, and budget deficit, 1992-94p. 53
Ukraine's consolidated state budget deficit, 1994-99p. 76
Ukraine's inflation rate (consumer price index), 1994-99p. 77
Share of GDP from private enterprise, 1991-2007p. 82
GDP growth, 1990-99p. 98
Rate of homicides and attempted murders in Ukraine and Russia, 1990-2007p. 114
Cumulative GDP change, 1989-99p. 126
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