Ukraine’s reform efforts continue to sputter on without any transformative results more than two years after former President Viktor Yanukovych fled to Moscow. The economy’s basic problems have not yet been addressed. It is still bogged down in its Soviet past, with populist forces making illusory promises that appeal to many voters’ Soviet-era mentality. The result is corruption, inefficiency, a lack of investment and innovation, budgetary stress, inflation, and economic stagnation.In order to experience transformative growth and prosperity, Ukraine must radically break with the past and the current populist mentality and embrace free market economic policies. Such policies are at …read more
Source: Atlantic Council