Wednesday, May 20, 2015

What lessons can Ukraine learn from Polish reforms?

In 1991 Ukraine and Poland weren’t all that different in their economic performance.A quarter century later, the gap between both countries has become enormous -Ukraine’s per capita GDP now is only a third of what it is in neighboring Poland.The reason is that  Poland, after 1990, managed to implement fundamental legal and constitutional reforms which created the conditions for a competitive and dynamic market economy. In contrast, under the control of the oligarchs, all Ukrainian governments failed to institute a reform of the economy as well as of the state at large. Besides "de-oligarchisation", energy saving is another crucial area of reform in Ukraine. If Ukraine could achieve a level of energy efficiency comparable to the EU average, the country would be self-sufficient in gas.  Read more at http://www.theglobalist.com/