Competitiveness and Private Sector Development: Ukraine 2011

Sector Competitiveness Strategy

image of Competitiveness and Private Sector Development: Ukraine 2011

This review of competitiveness and private sector development in the Ukraine  provides a solid base for policy analysis and gives recommendations with immediate relevance and applicability. It includes diagnosis and policy actions for policy makers and advisors, offering policy responses to underpin economic diversification, enhanced competitiveness and private sector development. Finally, the book applies an innovative framework to identify barriers that hinder the development of selected sectors. It offers the design and suggests ways to implement specific policies to remove those barriers, including the selection and business analysis of Ukraine's most attractive sectors in terms of competitiveness and FDI appeal.  


Executive summary

The Ukrainian economy experienced a decade of robust growth from 2000 onwards. During 2000-08, real GDP grew at an annual average rate of 7%, among the fastest in Europe. Foreign direct investment (FDI) inflows to the country increased at an annual average rate of 43.8% to reach USD 10.9 billion in 2008 in nominal terms. The economic growth of the country was supported by a more efficient use of resources which led to an increase in productivity, and by external factors, including an upsurge in commodity prices, particularly steel, which is one of Ukraine’s leading exports. However, during the expansion the country failed to implement all the necessary reforms required for broad-based financial stability and durable economic growth.


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