Ukraine - Building Foundations for Sustainable Growth : A Country Economic Memorandum

Favorable economic conditions offer a window of opportunity for the Ukrainian government External factors served as a catalyst for the economic turnaround but policies and reforms have also played a critical role. Nevertheless, the positive trends...

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Main Author:	World Bank
Format:	Country Economic Memorandum
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ACCOUNTING ACCOUNTING STANDARDS AGRICULTURE ASSETS BALANCE OF PAYMENTS BUDGET CONSTRAINTS BUDGET DEFICITS BUSINESS BUSINESS ASSOCIATIONS BUSINESS ENVIRONMENT CAPITAL MARKETS CIVIL SOCIETY COAL COAL PRICES COMMERCIAL BANKS COMPARATIVE ADVANTAGE COMPETITION POLICY COMPETITIVENESS CONSUMERS CORPORATE GOVERNANCE CORRUPTION CPI CREDIT MARKETS DEREGULATION DIRECT COSTS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC INTEGRATION ECONOMIC POLICY ECONOMIC RESEARCH ECONOMIC TRENDS EFFECTIVE STRATEGY ENERGY PRICES EXCHANGE RATE EXCHANGE RATES EXPORTS FIXED CAPITAL FOREIGN INVESTMENT FOREIGN INVESTORS GDP GROWTH HOUSEHOLDS IMPORTS INCENTIVE EFFECTS INCOME INCOME DISTRIBUTION INDEXATION INFLATION INFLATION RATES INSTITUTIONAL CHANGE INSTITUTIONAL DEVELOPMENT INSURANCE INTEREST RATES INVESTMENT INVESTMENT CLIMATE INVESTMENT RISKS INVESTMENT STRATEGIES LABOR COSTS LABOR FORCE LAND MARKETS LAWS LEGISLATION MACROECONOMIC ADJUSTMENT MACROECONOMIC POLICY MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MARKET DISTORTIONS MINES MINING MONETARY POLICY MORTALITY NATURAL MONOPOLIES NATURAL RESOURCES OPPORTUNITY COST OWNERSHIP STRUCTURE PERMITS POLITICAL ECONOMY PRIVATE INVESTMENT PRIVATE SECTOR PRODUCERS PRODUCTION COSTS PROFITABILITY PROPERTY RIGHTS PUBLIC EXPENDITURES PUBLIC INVESTMENT REAL WAGES REGULATORY BARRIERS REGULATORY CAPTURE REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY RULES RENT SEEKING SOCIAL DEVELOPMENT STOCK MARKET SUSTAINABLE GROWTH TAX BASE TAX EXPENDITURES TAX RATES TAX REFORM TAX SYSTEM TAXATION TECHNICAL ASSISTANCE TRANSITION ECONOMIES TRANSPARENCY UNCERTAINTY UNEMPLOYMENT UNFAIR COMPETITION WAGES WEALTH WTO
Online Access:	http://documents.worldbank.org/curated/en/2004/12/5541766/ukraine-building-foundations-sustainable-growth-country-economic-memorandum http://hdl.handle.net/10986/14375

id	okr-10986-14375
recordtype	oai_dc
spelling	okr-10986-143752021-04-23T14:03:18Z Ukraine - Building Foundations for Sustainable Growth : A Country Economic Memorandum World Bank ACCOUNTING ACCOUNTING STANDARDS AGRICULTURE ASSETS BALANCE OF PAYMENTS BUDGET CONSTRAINTS BUDGET DEFICITS BUSINESS BUSINESS ASSOCIATIONS BUSINESS ENVIRONMENT CAPITAL MARKETS CIVIL SOCIETY COAL COAL PRICES COMMERCIAL BANKS COMPARATIVE ADVANTAGE COMPETITION POLICY COMPETITIVENESS CONSUMERS CORPORATE GOVERNANCE CORRUPTION CPI CREDIT MARKETS DEREGULATION DIRECT COSTS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC INTEGRATION ECONOMIC POLICY ECONOMIC RESEARCH ECONOMIC TRENDS EFFECTIVE STRATEGY ENERGY PRICES EXCHANGE RATE EXCHANGE RATES EXPORTS FIXED CAPITAL FOREIGN INVESTMENT FOREIGN INVESTORS GDP GROWTH HOUSEHOLDS IMPORTS INCENTIVE EFFECTS INCOME INCOME DISTRIBUTION INDEXATION INFLATION INFLATION RATES INSTITUTIONAL CHANGE INSTITUTIONAL DEVELOPMENT INSURANCE INTEREST RATES INVESTMENT INVESTMENT CLIMATE INVESTMENT RISKS INVESTMENT STRATEGIES LABOR COSTS LABOR FORCE LAND MARKETS LAWS LEGISLATION MACROECONOMIC ADJUSTMENT MACROECONOMIC POLICY MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MARKET DISTORTIONS MINES MINING MONETARY POLICY MORTALITY NATURAL MONOPOLIES NATURAL RESOURCES OPPORTUNITY COST OWNERSHIP STRUCTURE PERMITS POLITICAL ECONOMY PRIVATE INVESTMENT PRIVATE SECTOR PRODUCERS PRODUCTION COSTS PROFITABILITY PROPERTY RIGHTS PUBLIC EXPENDITURES PUBLIC INVESTMENT REAL WAGES REGULATORY BARRIERS REGULATORY CAPTURE REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY RULES RENT SEEKING SOCIAL DEVELOPMENT STOCK MARKET SUSTAINABLE GROWTH TAX BASE TAX EXPENDITURES TAX RATES TAX REFORM TAX SYSTEM TAXATION TECHNICAL ASSISTANCE TRANSITION ECONOMIES TRANSPARENCY UNCERTAINTY UNEMPLOYMENT UNFAIR COMPETITION WAGES WEALTH WTO Favorable economic conditions offer a window of opportunity for the Ukrainian government External factors served as a catalyst for the economic turnaround but policies and reforms have also played a critical role. Nevertheless, the positive trends will weaken without vision at the top level of government. An "insider economy" threatens to become a primary obstacle to Ukraine's future development and also weakens the link between economic growth and welfare benefits for the larger population. This report examines the obstacles to sustainable growth and outlines the strategic vision for economic policy and reform. Specifically, it discusses adopting the economic strategy of European Choice, which addresses many o f the outstanding problems emphasized in the previous chapter. This includes strengthening legal and regulatory institutions, improving standards o f corporate governance, reducing subsidies, continuing reform in agriculture, negotiating free trade agreements, and bringing numerous standards into harmony with WTO and EU requirements. Ukraine has also established a set o f Millennium Development Goals for elevating key social indicators in the direction o f EU levels. This includes ambitious goals for poverty reduction, expanding access to quality health and education, reducing infant mortality, preventing the spread o f HIV/AIDS, achieving environmental sustainability, and addressing gender inequality in the labor market. The next task will be a more precise formulation o f policy and reform directions that are consistent with these underlying goals, including the prioritizing and sequencing of specific measures to make most effective use of the Ukrainian political process. 2013-07-03T20:23:47Z 2013-07-03T20:23:47Z 2004-12-27 http://documents.worldbank.org/curated/en/2004/12/5541766/ukraine-building-foundations-sustainable-growth-country-economic-memorandum http://hdl.handle.net/10986/14375 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Country Economic Memorandum Economic & Sector Work Europe and Central Asia Ukraine
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ACCOUNTING ACCOUNTING STANDARDS AGRICULTURE ASSETS BALANCE OF PAYMENTS BUDGET CONSTRAINTS BUDGET DEFICITS BUSINESS BUSINESS ASSOCIATIONS BUSINESS ENVIRONMENT CAPITAL MARKETS CIVIL SOCIETY COAL COAL PRICES COMMERCIAL BANKS COMPARATIVE ADVANTAGE COMPETITION POLICY COMPETITIVENESS CONSUMERS CORPORATE GOVERNANCE CORRUPTION CPI CREDIT MARKETS DEREGULATION DIRECT COSTS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC INTEGRATION ECONOMIC POLICY ECONOMIC RESEARCH ECONOMIC TRENDS EFFECTIVE STRATEGY ENERGY PRICES EXCHANGE RATE EXCHANGE RATES EXPORTS FIXED CAPITAL FOREIGN INVESTMENT FOREIGN INVESTORS GDP GROWTH HOUSEHOLDS IMPORTS INCENTIVE EFFECTS INCOME INCOME DISTRIBUTION INDEXATION INFLATION INFLATION RATES INSTITUTIONAL CHANGE INSTITUTIONAL DEVELOPMENT INSURANCE INTEREST RATES INVESTMENT INVESTMENT CLIMATE INVESTMENT RISKS INVESTMENT STRATEGIES LABOR COSTS LABOR FORCE LAND MARKETS LAWS LEGISLATION MACROECONOMIC ADJUSTMENT MACROECONOMIC POLICY MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MARKET DISTORTIONS MINES MINING MONETARY POLICY MORTALITY NATURAL MONOPOLIES NATURAL RESOURCES OPPORTUNITY COST OWNERSHIP STRUCTURE PERMITS POLITICAL ECONOMY PRIVATE INVESTMENT PRIVATE SECTOR PRODUCERS PRODUCTION COSTS PROFITABILITY PROPERTY RIGHTS PUBLIC EXPENDITURES PUBLIC INVESTMENT REAL WAGES REGULATORY BARRIERS REGULATORY CAPTURE REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY RULES RENT SEEKING SOCIAL DEVELOPMENT STOCK MARKET SUSTAINABLE GROWTH TAX BASE TAX EXPENDITURES TAX RATES TAX REFORM TAX SYSTEM TAXATION TECHNICAL ASSISTANCE TRANSITION ECONOMIES TRANSPARENCY UNCERTAINTY UNEMPLOYMENT UNFAIR COMPETITION WAGES WEALTH WTO
spellingShingle	ACCOUNTING ACCOUNTING STANDARDS AGRICULTURE ASSETS BALANCE OF PAYMENTS BUDGET CONSTRAINTS BUDGET DEFICITS BUSINESS BUSINESS ASSOCIATIONS BUSINESS ENVIRONMENT CAPITAL MARKETS CIVIL SOCIETY COAL COAL PRICES COMMERCIAL BANKS COMPARATIVE ADVANTAGE COMPETITION POLICY COMPETITIVENESS CONSUMERS CORPORATE GOVERNANCE CORRUPTION CPI CREDIT MARKETS DEREGULATION DIRECT COSTS ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC EFFICIENCY ECONOMIC GROWTH ECONOMIC INTEGRATION ECONOMIC POLICY ECONOMIC RESEARCH ECONOMIC TRENDS EFFECTIVE STRATEGY ENERGY PRICES EXCHANGE RATE EXCHANGE RATES EXPORTS FIXED CAPITAL FOREIGN INVESTMENT FOREIGN INVESTORS GDP GROWTH HOUSEHOLDS IMPORTS INCENTIVE EFFECTS INCOME INCOME DISTRIBUTION INDEXATION INFLATION INFLATION RATES INSTITUTIONAL CHANGE INSTITUTIONAL DEVELOPMENT INSURANCE INTEREST RATES INVESTMENT INVESTMENT CLIMATE INVESTMENT RISKS INVESTMENT STRATEGIES LABOR COSTS LABOR FORCE LAND MARKETS LAWS LEGISLATION MACROECONOMIC ADJUSTMENT MACROECONOMIC POLICY MACROECONOMIC STABILITY MACROECONOMIC STABILIZATION MARKET DISTORTIONS MINES MINING MONETARY POLICY MORTALITY NATURAL MONOPOLIES NATURAL RESOURCES OPPORTUNITY COST OWNERSHIP STRUCTURE PERMITS POLITICAL ECONOMY PRIVATE INVESTMENT PRIVATE SECTOR PRODUCERS PRODUCTION COSTS PROFITABILITY PROPERTY RIGHTS PUBLIC EXPENDITURES PUBLIC INVESTMENT REAL WAGES REGULATORY BARRIERS REGULATORY CAPTURE REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY RULES RENT SEEKING SOCIAL DEVELOPMENT STOCK MARKET SUSTAINABLE GROWTH TAX BASE TAX EXPENDITURES TAX RATES TAX REFORM TAX SYSTEM TAXATION TECHNICAL ASSISTANCE TRANSITION ECONOMIES TRANSPARENCY UNCERTAINTY UNEMPLOYMENT UNFAIR COMPETITION WAGES WEALTH WTO World Bank Ukraine - Building Foundations for Sustainable Growth : A Country Economic Memorandum
geographic_facet	Europe and Central Asia Ukraine
description	Favorable economic conditions offer a window of opportunity for the Ukrainian government External factors served as a catalyst for the economic turnaround but policies and reforms have also played a critical role. Nevertheless, the positive trends will weaken without vision at the top level of government. An "insider economy" threatens to become a primary obstacle to Ukraine's future development and also weakens the link between economic growth and welfare benefits for the larger population. This report examines the obstacles to sustainable growth and outlines the strategic vision for economic policy and reform. Specifically, it discusses adopting the economic strategy of European Choice, which addresses many o f the outstanding problems emphasized in the previous chapter. This includes strengthening legal and regulatory institutions, improving standards o f corporate governance, reducing subsidies, continuing reform in agriculture, negotiating free trade agreements, and bringing numerous standards into harmony with WTO and EU requirements. Ukraine has also established a set o f Millennium Development Goals for elevating key social indicators in the direction o f EU levels. This includes ambitious goals for poverty reduction, expanding access to quality health and education, reducing infant mortality, preventing the spread o f HIV/AIDS, achieving environmental sustainability, and addressing gender inequality in the labor market. The next task will be a more precise formulation o f policy and reform directions that are consistent with these underlying goals, including the prioritizing and sequencing of specific measures to make most effective use of the Ukrainian political process.
format	Economic & Sector Work :: Country Economic Memorandum
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Ukraine - Building Foundations for Sustainable Growth : A Country Economic Memorandum
title_short	Ukraine - Building Foundations for Sustainable Growth : A Country Economic Memorandum
title_full	Ukraine - Building Foundations for Sustainable Growth : A Country Economic Memorandum
title_fullStr	Ukraine - Building Foundations for Sustainable Growth : A Country Economic Memorandum
title_full_unstemmed	Ukraine - Building Foundations for Sustainable Growth : A Country Economic Memorandum
title_sort	ukraine - building foundations for sustainable growth : a country economic memorandum
publisher	Washington, DC
publishDate	2013
url	http://documents.worldbank.org/curated/en/2004/12/5541766/ukraine-building-foundations-sustainable-growth-country-economic-memorandum http://hdl.handle.net/10986/14375
_version_	1764428871034208256

Ukraine - Building Foundations for Sustainable Growth : A Country Economic Memorandum

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