Ukraine at the Crossroads

• 1.- I: Macroeconomic Issues.- 1 Growth in Ukraine – Lessons from Other Transition Countries.- 2 Growth in Transition Economies 1990-97: An Econometric Analysis with Application to Ukraine.- 3 The Interplay Between Monetary Policy and Reform Policy in Ukraine - An Overview.- 4 Principles for a Public Debt Strategy in Ukraine.- Discussion of Part I.- II: Institutional Reform.- 5 Transition Crisis: Is Crisis Management Delaying Transition?.- 6 The Subsidisation of Enterprises in Ukraine.- 7 Special Economic Zones in Ukraine – A Means of Promoting Investment?.- 8 Foreign Direct Investment in Ukraine – Experiences Taken from Reality.- 9 Reforming the Social Security System.- Discussion of Part II.- III: Financial Sector Reform.- 10 Banking Reforms in Eastern Europe with Special Reference to Ukraine.- 11 Development of the Ukrainian Financial Sector: Proposals for Banking, Pension and Capital Market Reform.- Discussion of Part III.- IV: Agriculture and Food Processing.- 12 Restructuring of Agriculture and Food Processing in Hungary.- 13 Huge Potential, Huge Losses – The Search for Ways Out of the Dilemma of Ukrainian Agriculture.- 14 The Market for Sugar in Ukraine: Past, Present and Future.- 15 Grain Production in Ukraine: Missed Opportunities and the Need for Immediate Action.- 16 Guidelines for Agricultural Policy Making in Ukraine: What Can and Should the State Be Doing?.- Discussion of Part IV..- V: Energy Sector Reform.- 17 Energy Sector Reform in Ukraine: Mid-term Report.- 18 The England and Wales Electricity Experience - Lessons for Ukraine.- 19 Power Sector Reform in Russia – Failed Intentions: An Analysis of Measures Undertaken.- 20 Price Policies and Subsidies in the Energy Sector of.- Ukraine.- 21 Gas Sector Restructuring in Ukraine: Analysis of ImportDependence, Price Formation and Socio-Economic Effects.- Discussion of Part V.- Maps.- Statistical Annex.- Suggested Reading.- Tables.- Figures.- The Authors.

"There is no alternative to reforming the Ukranian economy. The benefit of this research is that it makes it possible to view the situation in Ukraine from the outside and to correct reforms in time." Serhiy Tihipko, Vice-Prime Minister of Ukraine "This book, compiled by the German Advisory Group with the Ukranian Government, is testimony to close German-Ukranian cooperation. In supporting this advisory project within the framework of its TRANSFORM programme, the German Federal Government is making an important contribution to the transformation to a social market economy in Ukraine." Walter Kittel, Former State Secretary, Commissioner of the Federal Government of Germany for Technical Cooperation with Central and Eastern Europe "Transition to most economists means Russian collapse or success in Poland or Hungary. Ukraine is by and large ignored even though the country's experience is dramatic. This excellent book documents the tough reform battle. "This country is different" has always been the first step to bad analysis. This book rightly insists on viewing Ukraine's experience in an international perspective. It is not only the only serious source, it is an outstanding one." Rudi Dornbusch, Ford Professor of Economics and International Management, MIT "The analysis and solutions presented in these papers show an immense depth of understanding and originality." Charles Clover, Financial Times