The book reviews economic reforms in Ukraine since the collapse of the Soviet Union and the beginnings of transformation in 1991, and compares them with the experience of other transformation countries. It provides a full-fledged discussion of the transformation process, organised in five independent parts: (i) macroeconomic stabilisation and growth; (ii) institutional conditions for systemic change; (iii) reforms of the financial sector and the banking sy¤stem; (iv) reform of the agriculture and food processing sectors; (v) energy sector reform. The approach of the authors is empirical, providing insiders' understanding and evaluation of the reform process. A diversity of authors i¤ s represented, ranging form policymakers to policy analysts, and from industrialists to researchers. While addressing specific questions from specialists in the field, all texts are easily readable in non-technical format.Keywords: Ukraine, Transformation, Eastern Europe, CIS-countries ""There is no alternative to reforming the Ukranian economy. The benefit of this research is that it makes it possible to view the situation in Ukraine from the outside and to correct reforms in time.""Serhiy Tihipko, Vice-Prime Min¤ister of Ukraine""This book, compiled by the German Advisory Group with the Ukranian Government,is testimony to close German- Ukranian cooperation. In supporting this advisory project within the framework of its TRANSFORM programme, the German Federal Government is making an important contribution to the transformation to a socialmarket economy in Ukraine.""Walter Kittel, Former State Secretary, Commissioner of the Federal Government of Germany for Technical Cooperation with Central andEastern Europe""Transition to most economists means Russian collapse or success in Poland or Hungary. Ukraine is by and large ignored even though the country's experience isdramatic. This excellent book documents the tough reform battle. ""This country is different"" has always been the first step to bad analysis. This book rightly insists on viewing Ukraine's experience in an international perspective. It is not only the only seri¤ous source, it is an outstanding one.""Rudi Dornbusch, Ford Professor of Economics and International Management, MIT""The analysis and solutions presented in these papers show an immense depth of understanding and originality.""Charl¤es Clover, Financial Times Contents: V. Yushchenko, T. Waigel: Prefaces.- A. Siedenberg, L. Hoffmann: Introduction.- Macroeconomic Issues: J. Odling- Smee, R. van Rooden: Growth in Ukraine - Lessons from Other Transition Countries.- O. Havrylyshyn, I. Izvors¤ki, R. van Rooden: Growth in Transition Economies 1990-97: An Econometric Analysis with Application to Ukraine.- F. Möllers, A. Siedenberg: The Interplay Between Monetary Policy and Reform Policy in Ukraine - An Overview.- U. Thie¤ßen, L. Hoffmann: Principles for a Public Debt Strategy in Ukraine.- Discussion of Part I.- Institutional Reform: A. Sundakov: Transition Crisis: Is Crisis Management Delaying Transition?- I. Lunina, V. Vincentz: The Subsidisation¤ of Enterprises in Ukraine.- A. Tübben: Special Economic Zones in Ukraine - A Means of Promoting Investment?- F. Möllers: Foreign Direct Investment in Ukraine - Experiences Taken from Reality.- U. Thießen: Reforming the Social Sec¤urity System. - Discussion of Part II.- Financial Sector Reform: D. Gros, A. Steinherr: Banking Reforms in Eastern Europe with Special Reference to Ukraine.- F. Möllers: Development of the Ukranian Financial Sector: Proposals for B¤anking, Pension andCapital Market Reform.- Discussion of Part III.- Agriculture and Food Processing: G. Raskó: Restructuring Agriculture and Food Processing in Hungary.- U. Koester, L. Striewe: Huge Potential, Huge Losses - The Se¤arch for Ways Out of the Dilemma of Ukranian Agriculture.- S.von Cramon-Taubadel: The Market for Sugar in Ukraine: Past, Present and Future.- L. Striewe, S. von Cramon-Taubadel: Grain Production in Ukraine: Missed Opportunities an¤d the Need for Immediate Action.- S. von Cramon-Taubadel: Guidelines for Agricultural Policy Making in Ukraine: What Can and Should the State Be Doing?- Discussion of Part IV.- Energy Sector Reform: L. Lovei, K. Skorik: Energy Sec¤tor Reform in Ukraine: Mid-term.- G. MacKerron: The England and Wales Electricity Experience - Lessons for Ukraine.- P. Opitz: PowerSector Reform in Russia - Failed Intentions: An Analysis of Measures Undertaken.- V. Vincentz, C. von Hirschhausen: Price Policies and Subsidies in the Energy Sector of Ukraine.- C. von Hirschhausen: Gas Sector Restructuring in Ukraine: Analysis of Import Dependence, Price Formation and Socio-Economic Effects.- Discussion of Part V.
