Ukraine may not be the poorest country in Europe much longer if the new president can quickly translate his vision into actual policy. The initial indicators of the Zelensky administration’s economic policies are most encouraging. Administration spokesmen have endorsed many of the directions which we as professional economists believe will be most beneficial to the economy and help integrate Ukraine into global markets. Pursuing neo-liberal reforms, from privatization to land market reform, should bring the country out of its historic isolation within the drab Soviet sphere and permit the country to emerge as a substantive player in Europe. While no overnight miracles should be expected, a steady improvement in economic growth, which has already started to emerge, should permit a conversion toward European standards of living.

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