Economic transformation in the former Soviet Union has been arduous with substantial declines in output and welfare. Even in this unfortunate lot, Ukraine stands out as one of the least successful countries in its attempts to become a productive market economy. The purpose of this paper is to try to determine why Ukraine has not been more auspicious in its attempts at economic reform.
The debate about international financial architecture is ending in a whimper. This is too bad for Asian voters and for Asian democracies. Financial faults both at home and abroad were the seeds of the Asian crisis. But it was nurtured by unfortunate politics in Thailand, Indonesia and Korea. The end of the crisis should not mean the end of efforts to make political life a part of the solution.
The congressional Republican party hit bottom last week. A majority of Republican House members cast two deeply irresponsible votes on the U.S. military action against Yugoslavia. No amount of Republican support for increased defense spending can cover up the shame of that vote. As GOP presidential front runner, Bush should lead and reiterate his position that America must win this war.
Combining keen political analysis with the unique perspective of a native observer, Lilia Shevtsova offers a valuable assessment of the forces that will shape the post-Yeltsin era.
In making assessments of Russia's behavior in the world, it is critical that we recognize that Russia is not a totalitarian state ruled by a Communist Party with a single, clearly articulated foreign policy. That state disappeared in 1991. Rather, Russia is a democratizing state, and Russia's foreign policy, in turn, is a product of domestic politics in a pluralistic system.