Ukraine suffered unprecedented political, economic, and military
turmoil following Russia's annexation of Crimea in early 2014.
Russian military aggression in the east and a legacy of destructive
policies and corruption have created an imminent existential crisis
for this young democracy. Yet Ukraine also has a great opportunity
to break out of economic underperformance. In this study, Anders
Aslund, one of the world's leading experts on Ukraine, traces
Ukraine's evolution as a market economy starting with the fall of
communism and examines the economic impact of its recent
difficulties. Aslund argues that Ukraine must undertake sweeping
political, economic, social, and government reforms to achieve
prosperity and independence. For its part, the West must abandon
its hesitant approach and provide broad economic assistance to help
Ukraine transform itself.
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