Why Did Ukraine’s Economy Fail after the Collapse of the Soviet Union? ()
ABSTRACT
Ukraine, a nation in Eastern Europe, has recently become world-famous. Being the second largest Soviet-bloc country,
Ukraine has inherited huge amounts of
Soviet legacy, including industries and militaries. Adding to its natural geographical advantages, most scholars at that time
projected that Ukraine’s economic
take-off would be inevitable. However, the truth unexpectedly disobeyed
the predictions: Ukraine became the slowest developing state among not only the
former Soviet members but the global nations. To unfold the confusion, the
paper is going to research Ukraine’s economy after 1991 to find the basic
reasons. It aims to parse the main causes of Ukraine’s economic failure from three perspectives: its industrial structure,
governmental reforms, and remaining domestic ethnic problems, and
gradually spread out to construct the whole knowledge framework. The interplay
between factors is also proposed to build the frame. The combination of
quantized data and quantitative reasoning will provide better persuasions,
helping readers intuitively understand the
logic behind the phenomenon. The possible solutions are plus interspersed
with the text, providing a wake-up call for else governments to avoid repeating
the same mistakes.
Share and Cite:
Yang, Z. (2023) Why Did Ukraine’s Economy Fail after the Collapse of the Soviet Union?.
Modern Economy,
14, 601-615. doi:
10.4236/me.2023.145033.
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