International Policy Digest reviews Dinu Patriciu Eurasia Center Senior Fellow Anders Åslund’s new book Ukraine: What Went Wrong and How to Fix It, which identifies the causes of Ukraine’s precarious economic position, and the radical steps necessary for improvement:
Teetering now on the brink of depression, hyper-inflation and financial default, unless the country seizes this opportunity to break cleanly with its Soviet past, warns liberal economist and former Swedish diplomat Anders Åslund, Ukraine could cease to exist as a sovereign state.
It will take strong medicine to cure Ukraine’s terminal disease, Anders Åslund argues in Ukraine: What Went Wrong and How to Fix It, recently published by the Peterson Institute for International Economics. It will take what Åslund calls “radical, comprehensive, and front-loaded reforms.”