Ukraine: the Newly Built State and Economic Institutions
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Since gaining its state independence, Ukraine has engaged in a pro-democratic and pro-market transformation, like many societies of Central and Eastern Europe. What was different, however, from other countries considered in this book, was the necessary construction of the sustainable state/government institutions (rozbudova derzhavy) that paralleled the introduction of basic market principles. This combination of targets, in the context of a persistent legacy of the former Soviet Union’s command economy, has determined the painful and inconsistent route of Ukrainian institutional transformation.
KeywordsCorporate Governance Monetary Policy Commercial Bank Supervisory Board Legal Form
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