TITLE

Political Economy of Agricultural Market Reform in Ukraine: "Good Bye Lenin"

AUTHOR(S)
Krasnozhon, Leonid A.
PUB. DATE
November 2013
SOURCE
Journal of Private Enterprise;Fall2013, Vol. 29 Issue 1, p119
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Good results depend on good institutions (Boettke and Anderson, 2004). A good system of private property rights is an essential ingredient of good economic development. Whereas a laissez-faire capitalism assumes that a system of private property rights emerges naturally in a market economy that allocates property rights efficiently, the transitional experience of post-socialist countries demonstrates that a government will substitute a centrally planned alternative for such a spontaneously emergent system (McChesney, 1990; Rothbard, 1962). Once charged with control rights, government actors create bad institutions that produce bad economic development in post-socialist countries. Government's control of transition from socialism toward capitalism produced bad institutions and bad economic development in Ukraine. This paper examines the effect of agricultural market reform policy on the economic development of the agricultural sector in Ukraine, the former breadbasket of Europe.
ACCESSION #
93429954

 

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