Sixteen years after obtaining independence and three years after the Orange Revolution, Ukraine has reached a crossroads. It has broken with the Soviet and totalitarian past but its democracy is still young and fragile, and therefore vulnerable to various political shocks. Basic civil and economic freedoms are not well protected due to numerous legal and institutional imperfections. Although Ukraine has succeeded in building the basic institutional foundations of a market economy, its capitalism is heavily distorted and its economic transition is far from complete.
In Studies and Analyses No. 350, Dr. Marek Dąbrowski analyzes the current state of the Ukrainian economy and reflects upon what kind of macroeconomic, social, structural and institutional reforms the newly elected Ukrainian government should consider, regardless of its political color.