Kuchma as Economic Reformer
In: Problems of post-communism, Band 52, Heft 5, S. 48-58
ISSN: 1075-8216
An assessment of Ukraine President Leonid D. Kuchma (1994-2004) as an economic reformer contends that his policy instincts were not suitable for bringing about a successful transition from a state-centered socialist economy to a market-based democratic system. Kuchma's economic successes only occurred when he enlisted bright, young reformers to solve problems. Kuchma's record is examined in relation to economic output, the shadow economy; inflation; fiscal policy; government debt; privatization (including agro-industrial privatization); de-monopolization; deregulation; & foreign trade/direct investment. Kuchma began his presidency with ambitious plans for speeding up transition to the market; however, parliament obstructed implementation of his program, & his commitment to reform started to waiver in early 1995. Other issues discussed are Kuchma's effort to re-establish economic ties with Russia; his Ukrainian model of reform that emphasized adherence to historical & cultural traditions; introduction of the hryvnia as the national currency; the impact of the Asian financial crisis; deviation from market reforms; & Kuchma's ouster of reformer Prime Minister Viktor A. Yushchenko which led to Yushchenko's rise as Kuchma's successor. Tables. J. Lindroth