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Назва: AN INSTITUTIONAL FRAMEWORK FOR ECONOMIC DEVELOPMENT IN UKRAINE
Автори: PALLADIN, А.
Ключові слова: institutions, types of institutions, property rights, security of property, privatization in Ukraine
Дата публікації: 5-лип-2017
Видавництво: УНІВЕРСИТЕТ імені АЛЬФРЕДА НОБЕЛЯ
Серія/номер: ;1 (46) 2017
Короткий огляд (реферат): The paper discusses the nature and types of institutions, raising the issue of the international involvement to change them. Also, the work addresses the problem of economic institutions in Ukraine. In specific, the author addresses the property rights as a bundle of rights, suggesting the necessary preconditions for their effective exercising. Also, the paper deals with the current state of property rights in Ukraine, illustrating its main deficiencies. Finally, a brief perspective onto the privatization of enterprises in Ukraine is presented.
Опис: The paper discusses the nature and types of institutions, raising the issue of the international involvement to change them. Also, the work addresses the problem of economic institutions in Ukraine. In specific, the author addresses the property rights as a bundle of rights and their application in Ukraine. Economic development includes both quantitative and qualitative changes. The institutional framework substantially defines the ‘rules of the game’ and may either promote or hinder the economic development of a country and eventually affect its quantitative indicators. The main economic institutions divide into two categories: basic and advanced. Any property is the result of labor regardless of its nature - be it physical or intellectual labor – which creates the means of production. The lack of protection of property rights is the fundamental cause for weak economic institutions and is the source of inequality. The introduction of private property in Ukraine took place with gaining independence in 1991 and is characterized by the of lack clear implementation and enforcement mechanisms, long court proceedings, and a limited financial and legal literacy among the population. Privatization in Ukraine gave way to oligarchs to take the ranks of the most lucrative state enterprises. By April 1997, over 9,600 out of 18,000 existing medium-sized and large enterprises were privatized. By early 1999, the overwhelming majority of the 277 largest enterprises, with assets exceeding 170 million UAH, have been privatized only partially. Raiding is also a popular phenomenon in Ukraine. A classic case of raiding includes three stages: scamming the ownership documents, factual seizure with use of physical force, and resale/transfer of the property to the “new owner.” During the period from 2000 to 2007 in Ukraine between 800 and 3,000 companies were seized. While attempts to fight raiding are being made, their effectiveness is yet to realize. A successful transformation of the current rules shall first depend on will of the big players in economy, the international pressure as well as a coordinated effort of society to enforce and facilitate this process.
URI (Уніфікований ідентифікатор ресурсу): http://ir.duan.edu.ua/handle/123456789/157
ISSN: ISSN 2074-5354 (print), ISSN 2522-9745 (online)
Розташовується у зібраннях:2017

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