Ukraine's Geopolitical Choice, 2009

A noted specialist in international affairs and former U.S. ambassador to Ukraine reviews and analyzes the history of independent Ukraine's relations with Russia and the West following the disintegration of the Soviet Union. The author proceeds to examine the multifaceted Western position toward Kyiv as it has evolved through June 2009, paying due attention to the European Union and NATO. He then discusses the factors contributing to the volatility of Ukrainian-Russian relations following the Orange Revolution of 2004, including a range of specific concerns as well as more general Russian desires for a compliant government that would pay deference to key Russian interests. Concluding sections focus on Ukraine's future geopolitical trajectory in the run-up to the country's presidential elections in early 2010 and on internal problems (constitutional, market, and energy reform) that will command urgent attention once the political situation stabilizes and the outlines of a constructive engagement that could be pursued by the West are at hand. Journal of Economic Literature, Classification Numbers: F500, F520, P200. 1 figure, 1 table, 39 references.     

Ukraine's Financial Crisis, 2009

A prominent specialist in the economic affairs of the former Soviet Union relates and analyzes the state of Ukraine's economy in light of a series of discussions and interviews with the country's Prime Minister and leading economic officials in Kyiv in 2008 and April 2009. The author, a former economic advisor to the country's government and co-chair of the UN's Blue Ribbon Commission for Ukraine, devotes this paper to a penetrating analysis of the impact of the global financial crisis of 2008-2009 on Ukraine's budget, banks, exchange rates, money supply, industrial sectors (particularly energy and steel), GDP, and inflationary pressures. Due attention is given to economic relations with the EU and Russia as well as to financial assistance from the IMF.Journal of Economic Literature, Classification Numbers: E500, E600, O520, P200. 1 table, 4 figures, 38 references.