Successful economic reform and the transition to a free-market economy under a stable political system is the key to Ukraine's successful road to a new democratic beginning. Western assistance should primarily serve in an advisory role to stabilize the Ukrainian government, establish a viable rule of law, rudimentary representative government, and a system to protect individual and investment capital followed by direct investment and joint economic ventures with Ukrainian companies. This paper proposes a sequentially phased transformation model which encourages Ukraine's leaders to concentrate their efforts on first building a stable government, although not necessarily a democracy, and then focus on meaningful economic reforms to establish a solid economy with free market principles. In the long term, free-market economic principles will undermine an authoritarian government and foster the introduction of a democratic government. Current Western efforts supporting simultaneous political and economic reform are inconsistent with Ukraine's cultural and historical past and undermine democratic and economic reform.

This Book Is In English And In Greek - Modern.