Open Economy or Protectionism: Ukraine’s Dilemma
Since 1991, Ukraine has had several economic crises (1991-1999, 2009, ongoing since 2014) and a period of economic boom from 2000 to 2008. The current crisis has external (the unfavorable situation in the world commodities markets) and internal (the military conflict with neighboring Russia) dim...
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| Format: | Article |
| Language: | English |
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NGO “Economic Laboratory for Transition Research” (ELIT)
2018-08-01
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| Series: | Montenegrin Journal of Economics |
| Subjects: | |
| Online Access: | http://repec.mnje.com/mje/2018/v14-n03/mje_2018_v14-n03-a18.pdf |
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| _version_ | 1839597649807802368 |
|---|---|
| author | Anton Oleinik |
| author_facet | Anton Oleinik |
| author_sort | Anton Oleinik |
| collection | DOAJ |
| description | Since 1991, Ukraine has had several economic crises (1991-1999,
2009, ongoing since 2014) and a period of economic boom from
2000 to 2008. The current crisis has external (the unfavorable
situation in the world commodities markets) and internal (the
military conflict with neighboring Russia) dimensions. The
destruction of economic infrastructure and the unpreparedness of
Ukrainian producers to compete globally explain its depth and
complexity. Radical and non-orthodox measures may be needed to
help Ukraine to return to economic growth. This article discusses
pros and cons of an asymmetrical solution that involves a
combination of protectionism and an outward-oriented strategy
during the recovery period. It is argued that it may be more efficient
than the country’s reliance on foreign loans and aid. The analysis of
regional-level data for 2013-2016 lends some support to this
argument. |
| format | Article |
| id | doaj-art-c197b5b64ee24a7c99d87e098492f6f5 |
| institution | Matheson Library |
| issn | 1800-5845 1800-6698 |
| language | English |
| publishDate | 2018-08-01 |
| publisher | NGO “Economic Laboratory for Transition Research” (ELIT) |
| record_format | Article |
| series | Montenegrin Journal of Economics |
| spelling | doaj-art-c197b5b64ee24a7c99d87e098492f6f52025-08-02T18:34:28ZengNGO “Economic Laboratory for Transition Research” (ELIT)Montenegrin Journal of Economics1800-58451800-66982018-08-0114310912710.14254/1800-5845/2018.14-3.8Open Economy or Protectionism: Ukraine’s DilemmaAnton OleinikSince 1991, Ukraine has had several economic crises (1991-1999, 2009, ongoing since 2014) and a period of economic boom from 2000 to 2008. The current crisis has external (the unfavorable situation in the world commodities markets) and internal (the military conflict with neighboring Russia) dimensions. The destruction of economic infrastructure and the unpreparedness of Ukrainian producers to compete globally explain its depth and complexity. Radical and non-orthodox measures may be needed to help Ukraine to return to economic growth. This article discusses pros and cons of an asymmetrical solution that involves a combination of protectionism and an outward-oriented strategy during the recovery period. It is argued that it may be more efficient than the country’s reliance on foreign loans and aid. The analysis of regional-level data for 2013-2016 lends some support to this argument.http://repec.mnje.com/mje/2018/v14-n03/mje_2018_v14-n03-a18.pdfUkraineeconomic crisisprotectionismopen economy |
| spellingShingle | Anton Oleinik Open Economy or Protectionism: Ukraine’s Dilemma Montenegrin Journal of Economics Ukraine economic crisis protectionism open economy |
| title | Open Economy or Protectionism: Ukraine’s Dilemma |
| title_full | Open Economy or Protectionism: Ukraine’s Dilemma |
| title_fullStr | Open Economy or Protectionism: Ukraine’s Dilemma |
| title_full_unstemmed | Open Economy or Protectionism: Ukraine’s Dilemma |
| title_short | Open Economy or Protectionism: Ukraine’s Dilemma |
| title_sort | open economy or protectionism ukraine s dilemma |
| topic | Ukraine economic crisis protectionism open economy |
| url | http://repec.mnje.com/mje/2018/v14-n03/mje_2018_v14-n03-a18.pdf |
| work_keys_str_mv | AT antonoleinik openeconomyorprotectionismukrainesdilemma |