The Political Economy of Independent Ukraine

"Economic reform is interpreted by government as approving the present economic system, which is neither a centrally planned economy nor a market economy. Although some capitalist elements have emerged in Ukraine, they are subordinated to the (quasi) state sector in which production sectors are allocated according to political criteria. The quasi-state sector also comprises many privatized and collective agricultural interprises that do not function in a market environment. The state has become rent-seeking and predatory in character. The state bureaucracy is a paralysing and major anti-reform force. The people of the state in economic development is still overwhelming and a large part of national income is still redistributed in the direction of value-subtracting industries."--BOOK JACKET.