DOCSLIB.ORG

Unleashing UKRAINE's ECONOMIC POTENTIAL

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Unleashing UKRAINE's ECONOMIC POTENTIAL УДК 336.7: 519.8 T. Tokarchuk, H. A. Bartelet UNLEASHINg UKRAINE’S ECONOMIC POTENTIAL: MACROECONOMIC Multipliers FROM A FEEDBACK PERSPECTIVE The purpose of the research is the empirical analysis andelaboration of the system dynamics approach to define and estimate the key drivers of the future macroeconomic stabilization and economic potential of the Ukrainian economy. The study used thegeneralization, systematization and grouping of data, meth- ods of system analysis and synthesis as well as the system dynamics methods and models. Research results. The analysis of the development of the Ukrainian economy in comparison to the Polish economic situation has been completed. We confirmed the hypothesis that many of the initial eco- nomic problems in Ukraine – such as a low aggregate demand and export competitiveness – have been the cause of the exchange rate regime. Elaborated system dynamics models not only allow to analyze the feedback structure of a national economy but can also be used to verify the effectiveness of the different implications for the economic policymaking in Ukraine in the coming years. The results of this paper are mostly exploratory and need further, deeper research before conclusions can be used for policymakers in order to elaborate the economic strategy which leads to improvement of the economic potential of Ukraine in the short and long run. Conclusions. Based on the empirical analysis conducted on the realization of the two types of the system dynamic models with the focus on explaining the interrelationships between domestic consump- tion, aggregate demand, inflation, export competitiveness, and exchange rate fluctuations, it was shown that although the currency peg has had a positive impacts on Ukraine’s energy imports, many of the other economic problems in Ukraine, such as a low aggregate demand and export competitiveness, have had place. It was also confirmed that the passage to flexible exchange rate regime is one of the important drivers of the economic potential and the competitiveness reinforcing as well as achievement of macro- economic stabilization, especially in the long run. Keywords: economic policy,macroeconomic stabilisation, macroeconomic indicators, exchange rate regime, system dynamics methods JEL classification: E17, E52, C15, C53 Introduction and research problem. After dec- problem concerns the passage to flexible exchange ades of being a relatively unknown country among regime instead of fixed one by National bank of European and American policymakers, Ukraine has Ukraine.This can be consider as the effective mac- become one of the most bespoken countries within roeconomic driver of the economic and financial Europe and the world in recent years. Unfortuna- stabilizationalso need of the deeper investigation tely, most of the attention has quite a negative cha- and improvement with using of the adequate math- racter, including the economic situation, migration ematical tools including system dynamics methods. problems, macroeconomic instability, and increas- Resent publications analysis. The problem of ing corruption in the recent time. What is still lack- the economic potential and perspectives of the eco- ing is fundamental knowledge about the country nomic growth for the emerging countries as well as itself, among others about its economy, especially a discussion about different kinds of the exchange about its economic potential and perspectives of the rate regime as the macroeconomic driver for differ- macroeconomic stabilization. This is why analysis ent countries in different periods of their economic of the main challenges and opportunities that development has been investigated by many foreign Ukraine has faced in recent years and will face in and Ukrainian researchers, including O. Faryna, the years to come as well as the investigation of the Y. Gorodnichenko, G. Roland, D. Romer, M. Schni- key factors of the future macroeconomic stabiliza- tzer, V. Heits, I. Lukianenko, V. Melnychuk, S. Ni­­ tion and economic potential still very important for kolaychuk, L. Shavalyuk, S. Shumska, M. Skryp- further deeper research. The other popular discussed nychenko, and others [1–4, 7–10]. It should be © T. Tokarchuk, H. Bartelet, 2018 108 ISSN 2519-4739 (print), ISSN 2519-4747 (online). НАУКОВІ ЗАПИСКИ НаУКМА. Економічні науки. 2018. Том 3. Випуск 1 16000 behind. Figure 1 shows the GDP per capita in both Ukraine and Poland 14000 from 1992–2017. 12000 Having gained independence from 10000 the Soviet Union in 1991, Ukraine 8000 expectedly had large problems in 6000 transitioning from a mostly cen- 4000 trally planned economy to a mar- 2000 ket economy. This led to a period 0 of ‘hyperinflation’ in 1992–1993 followed by the largest economic 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 downturn in the history of Ukraine Poland, GDP per capita, US$ Ukraine, GDP per capita, US$ (real GDP fell by 23 percent in Fig. 1. GDP per capita Ukraine vs. Poland during 1992–2017 1994) [7, p. 8]. In August 1996, (Source: WEO database, IMF) Ukrainian Hryvnia was introduced as the official national currency in mentioned that most of foreign scientists in their Ukraine with the exchange rate of around 2 Hry- researches have been focused mainly on the devel- vnia/US$. In 1998, due to the combination of fis- oped countries, as well as on the emerging countries cal crisis, a slowdown in structural reforms, and with economic growth faster than Ukrainian econo- a decreased investor confidence in emerging mar- my [2, 8]. The investigation of the Ukrainian scien- kets following the Russian and Asian economic tists in many cases was based on complicated macro- crisis, the Ukrainian hryvnia devalued and its econometrics models aimed to estimate the relation­­ - exchange rate fell to around 5 Hryvnia/US$ in ship among the macroeconomic indicators in diffe-­­­ 2000. Combined with the general worldwide eco- rent sectors of Ukrainian economy. These papers nomic upturn following the Millennium (i. e. the have been mostly focused on the scenario analysis of year of 2000), the devaluation of the hryvnia led to the behaviour of the whole economy with the objec- a growing competitiveness of the Ukrainian econ- tive to elaborate the most effective strategy of the omy. Profits of export industries (mainly steel macroeconomic stabilisation under rising external and machineries) soared, and the real GDP growth and internal risks and political shocks under different reached +9 % in 2001. On average, Ukraine recov- exchange rate regimes [3, 10]. ered 8 % of GDP growth per year between 2000 Unsolved parts of the problem. The analysis and 2004. This was higher than in Central and of the research papers of Ukrainian and foreign Eastern Europe (including Poland) where the aver- researchers has shown that the elaboration of an age growth was around 4 % per year. However, as adequate model to confirm the necessity of intro- can be inferred from Figure 1, Ukraine’s growth ducing a flexible exchange regime as an important came from a much smaller base than that of, for driver of the financial stability and economic growth example, Poland. In 2000, the Ukrainian govern- continue to be very significant. ment also made the decision to (administratively*) Research goal and questions. The purpose of peg the value of the hryvnia to that of the US$, at the research is the empirical analysis of the key fac- the exchange rate of 5 hryvnia/US$. When macro- tors of the future macroeconomic stabilization and economic conditions worsened in Ukraine in 2005 economic potential of the Ukrainian economy, as and its GDP growth decelerated. Because of the well as elaboration of the system dynamics model- peg of the hryvnia to the US$, the exchange rate of ling to prove the hypothesis that many of the initial the hryvnia was not able to reflect the worsening of economic problems in Ukraine, such as a low aggre- Ukraine’s competitive position [7]. Figure 2 shows gate demand and export competitiveness, have been how Ukraine’s current account rapidly worsened a cause of the exchange rate regime. in 2005, mainly as the result of the uncompetitive Main findings.The estimation of Ukrainian most exchange rate of the hryvnia. Another reason for effective macroeconomic multipliers is interesting in the imbalance was the rapid increase in foreign comparison with other emerging countries with simi- capital inflows after the “Orange Revolution” in lar starting conditions. As a country from the former 2004, which led to growth of consumption imports Soviet-block, Ukraine is best compared to Poland in financed by the debt capital. terms of its size, population, and development. If we compare economic progress in Ukraine with that in * The official term was a ‘managed floating exchange rate’, but Poland, it becomes clear that Ukraine is currently far in reality the exchange was not really allowed to float. T. Tokarchuk, H. A. Bartelet. Unleashing Ukraine’s Economic Potential: Macroeconomic Multipliers from a Feedback Perspective 109 This situation continued until 15 the financial crisis of 2008, when the peg to the US$ was finally de­­ 10 valued to around 8 hryvnia/US$. This devaluation eventually did not prove strong enough. Following the 5 Ukrainian revolution of 2014, the political turmoil led to a shortage of 0 foreign exchange reserves coupled with a loss of financing from both the Russian Federation and interna- -5 tional markets. The political shake- up and severe confidence crisis -10 caused a sharp reversal in private capital inflows in 2014. In these cir- cumstances, access to the external -15 capital market by the private sector 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Poland, current account balance, % GDP Ukraine, current account balance, % GDP was effectively closed. The level of international reserves fell to a cri- Fig.
Load more

Recommended publications
  • Ukrainian Civil Society from the Orange Revolution to Euromaidan: Striving for a New Social Contract
    In: IFSH (ed.), OSCE Yearbook 2014, Baden-Baden 2015, pp. 219-235. Iryna Solonenko Ukrainian Civil Society from the Orange Revolution to Euromaidan: Striving for a New Social Contract This is the Maidan generation: too young to be burdened by the experi- ence of the Soviet Union, old enough to remember the failure of the Orange Revolution, they don’t want their children to be standing again on the Maidan 15 years from now. Sylvie Kauffmann, The New York Times, April 20141 Introduction Ukrainian civil society became a topic of major interest with the start of the Euromaidan protests in November 2013. It has acquired an additional dimen- sion since then, as civil society has pushed for reforms following the ap- pointment of the new government in February 2014, while also providing as- sistance to the army and voluntary battalions fighting in the east of the coun- try and to civilian victims of the war. In the face of the weakness of the Ukrainian state, which is still suffering from a lack of political will, poor governance, corruption, military weakness, and dysfunctional law enforce- ment – many of those being in part Viktor Yanukovych’s legacies – civil so- ciety and voluntary activism have become a driver of reform and an import- ant mobilization factor in the face of external aggression. This contribution examines the transformation of Ukrainian civil society during the period between the 2004 Orange Revolution and the present day. Why this period? The Orange Revolution and the Euromaidan protests are landmarks in Ukraine’s post-independence state-building and democratiza- tion process, and analysis of the transformation of Ukrainian civil society during this period offers interesting findings.2 Following a brief portrait of Ukrainian civil society and its evolution, the contribution examines the rela- tionships between civil society and three other actors: the state, the broader society, and external actors involved in supporting and developing civil soci- ety in Ukraine.
    [Show full text]
  • National Bank of Ukraine Inflation Report | October 2020 1
    National Bank of Ukraine Inflation Report | October 2020 1 National Bank of Ukraine The Inflation Report reflects the opinion of the National Bank of Ukraine (NBU) regarding the current and future economic state of Ukraine with a focus on inflationary developments that form the basis for monetary policy decision-making. The NBU publishes the Inflation Report quarterly in accordance with the forecast cycle. The primary objective of monetary policy is to achieve and maintain price stability in the country. Price stability implies a moderate increase in prices rather than their unchanged level. Low and stable inflation helps preserve the real value of income and savings of Ukrainian households, and enables entrepreneurs to make long-term investments in the domestic economy, fostering job creation. The NBU also promotes financial stability and sustainable economic growth unless it compromises the price stability objective. To ensure price stability, the NBU applies the inflation targeting regime. This framework has the following features: . A publicly declared inflation target and commitment to achieve it. Monetary policy aims to bring inflation to the medium- term inflation target of 5%. The NBU seeks to ensure that actual inflation does not deviate from this target by more than one percentage point in either direction. The main instrument through which the NBU influences inflation is the key policy rate. Reliance on the inflation forecast. In Ukraine, it takes between 9 and 18 months for a change in the NBU’s key policy rate to have a major effect on inflation. Therefore, the NBU pursues a forward-looking policy that takes into account not so much the current inflation rate as the most likely future inflation developments.
    [Show full text]
  • Civil Society in Ukraine
    STUDY In Search of Sustainability Civil Society in Ukraine MRIDULA GHOSH June 2014 n In terms of number and variety of organizations, as well as levels and range of activi- ties, civil society and free media in Ukraine are the richest in the former Soviet Union, despite difficult institutional conditions and irregular funding. n The strength of civil society in Ukraine has been tested by time. Confronting his- torical socio-political challenges, ranging from political impasse, internal civil war- like conditions to external threats and aggression, from the Orange revolution in 2004 – 2005 to the Euro-Maidan uprising that started at the end of 2013, civil society in Ukraine is marked by spontaneous unity, commitment, and speedy mobilization of resources, logistics and social capital. It benefits from a confluence of grassroots activism, social networks and formalized institutions. n Despite its resilience in crisis, however, Ukraine’s civil society is yet to develop sus- tainable interaction in policy dialogue and to have the desired impact on changing people’s quality of life. State institutions lay down the terms of cooperation with civil society and not vice versa. In the current economic crisis, political turmoil and corruption, civil society has yet to become a systemic tool in policymaking, relying on outreach through grassroots communication, social and new media networks. n Ukraine’s civil society has campaigned mainly with non-violent means. Now, after the Euro-Maidan experience it is well placed to face the post-crisis development challenges; namely more transparency, overcoming social and political polarization and establishing a human rights-based approach to heal the broken social fabric.
    [Show full text]
  • Annual Report
    NATIONAL BANK OF UKRAINE ANNUAL REPORT 2005 Dear Sirs, We would like to offer for your attention the Annual Report of the National Bank of Ukraine for 2005 prepared in accordance with the Law of Ukraine "On the National Bank of Ukraine". The major achievements of Ukraine's macroeconomic development in 2005 primarily were the households' real income growth, unemployment decrease, inflation rate lowering and acceleration in the rates of foreign capi- tal attraction to Ukraine. Ukrainian banks essentially increased crediting of the economy, and the individuals' deposits unprecedentedly grew. International reserves of the National Bank of Ukraine almost doubled. The National Bank of Ukraine's monetary policy in 2005 was aimed at sup- porting the hryvnia stability as a monetary prerequisite for the economic growth, at reaching the long-term social, structural and institutional goals. We consider that the publication of the information of the results of the National Bank of Ukraine activity for the reporting year will promote trans- parency of its work and retaining of confidence in the national monetary unit. I would like to assure you that the National Bank of Ukraine will continue the weighed monetary policy directed towards restraining the inflation rate, ensuring the economic recovery and raising the people's welfare. Sincerely, Governor of the National Bank of Ukraine Volodymyr Stelmakh Council of the National Bank of Ukraine (as at 1 January 2006) Valerii Heiets Valerii Alioshyn Serhii Buriak Anatolii Danylenko Olexander Dubrov Chairman
    [Show full text]
  • Ukraine Handbook
    KIEV, UKRAINE HANDBOOK Military Family Services Europe / MFS(E) Riga-Remote Team [email protected] www.cafconnection.ca / www.connexionfac.ca Date published: 20 June 2017 Date revised: 17 Feb 2020 TABLE OF CONTENTS GREETINGS FROM YOUR MFS(E) RIGA-REMOTE TEAM 1 EUROPEAN ADVISORY COMMITTEE ............................ 3 USING THIS GUIDE .................................................... 4 SOME HELPFUL RESOURCES ....................................... 1 OVERVIEW OF KIEV ................................................... 2 Maps ............................................................................................................. 2 Geography/Politics .......................................................................................... 4 Climate ......................................................................................................... 4 Languages ..................................................................................................... 4 Religion ......................................................................................................... 5 Cost of Living ................................................................................................. 5 Canadian/Expat Community ............................................................................. 6 Cultural Nuances, Etiquette and Traditions ......................................................... 6 Public Holidays ............................................................................................... 9 News ..........................................................................................................
    [Show full text]
  • National Bank of Ukraine Inflation Report | July 2020 1
    National bank of Ukraine Inflation Report | July 2020 1 National bank of Ukraine The Inflation Report reflects the opinion of the National Bank of Ukraine (NBU) regarding the current and future economic state of Ukraine with a focus on inflationary developments that form the basis for monetary policy decision-making. The NBU publishes the Inflation Report quarterly in accordance with the forecast cycle. The primary objective of monetary policy is to achieve and maintain price stability in the country. Price stability implies a moderate increase in prices rather than their unchanged level. Low and stable inflation helps preserve the real value of income and savings of Ukrainian households, and enables entrepreneurs to make long-term investments in the domestic economy, fostering job creation. The NBU also promotes financial stability and sustainable economic growth unless it compromises the price stability objective. To ensure price stability, the NBU applies the inflation targeting regime. This framework has the following features: . A publicly declared inflation target and commitment to achieve it. Monetary policy aims to bring inflation to the medium- term inflation target of 5%. The NBU seeks to ensure that actual inflation does not deviate from this target by more than one percentage point in either direction. The main instrument through which the NBU influences inflation is the key policy rate. Reliance on the inflation forecast. In Ukraine, it takes between 9 and 18 months for a change in the NBU’s key policy rate to have a major effect on inflation. Therefore, the NBU pursues a forward-looking policy that takes into account not so much the current inflation rate as the most likely future inflation developments.
    [Show full text]
  • National Bank of Ukraine Inflation Report | January 2021 1
    National Bank of Ukraine Inflation Report | January 2021 1 National Bank of Ukraine The Inflation Report reflects the opinion of the National Bank of Ukraine (NBU) regarding the current and future economic state of Ukraine with a focus on inflationary developments that form the basis for monetary policy decision-making. The NBU publishes the Inflation Report quarterly in accordance with the forecast cycle. The primary objective of monetary policy is to achieve and maintain price stability in the country. Price stability implies a moderate increase in prices rather than their unchanged level. Low and stable inflation helps preserve the real value of income and savings of Ukrainian households, and enables entrepreneurs to make long-term investments in the domestic economy, fostering job creation. The NBU also promotes financial stability and sustainable economic growth unless it compromises the price stability objective. To ensure price stability, the NBU applies the inflation targeting regime. This framework has the following features: . A publicly declared inflation target and commitment to achieve it. Monetary policy aims to bring inflation to the medium- term inflation target of 5%. The NBU seeks to ensure that actual inflation does not deviate from this target by more than one percentage point in either direction. The main instrument through which the NBU influences inflation is the key policy rate. Reliance on the inflation forecast. In Ukraine, it takes between 9 and 18 months for a change in the NBU’s key policy rate to have a major effect on inflation. Therefore, the NBU pursues a forward-looking policy that takes into account not so much the current inflation rate as the most likely future inflation developments.
    [Show full text]
  • Daughters of the Vale of Tears
    TUULA-HANNELE IKONEN Daughters of the Vale of Tears Ethnographic Approach with Socio-Historical and Religious Emphasis to Family Welfare in the Messianic Jewish Movement in Ukraine 2000 ACADEMIC DISSERTATION To be presented, with the permission of the board of the School of Social Sciences and Humanities of the University of Tampere, for public discussion in the Väinö Linna-Auditorium K104, Kalevantie 5, Tampere, on February 27th, 2013, at 12 o’clock. UNIVERSITY OF TAMPERE ACADEMIC DISSERTATION University of Tampere School of Social Sciences and Humanities Finland Copyright ©2013 Tampere University Press and the author Distribution Tel. +358 40 190 9800 Bookshop TAJU [email protected] P.O. Box 617 www.uta.fi/taju 33014 University of Tampere http://granum.uta.fi Finland Cover design by Mikko Reinikka Acta Universitatis Tamperensis 1809 Acta Electronica Universitatis Tamperensis 1285 ISBN 978-951-44-9059-0 (print) ISBN 978-951-44-9060-6 (pdf) ISSN-L 1455-1616 ISSN 1456-954X ISSN 1455-1616 http://acta.uta.fi Tampereen Yliopistopaino Oy – Juvenes Print Tampere 2013 Abstract This ethnographic approach with socio•historical and religious emphasis focuses on the Mission view of Messianic Jewish women in Ukraine circa 2000. The approach highlights especially the meaning of socio•historical and religious factors in the emergence of the Mission view of Messianic Jewish women. Ukraine, the location of this study case, is an ex•Soviet country of about 48 million citizens with 100 ethnic nationalities. Members of the Jewish Faith form one of those ethnic groups. Following the Russian revolution in 1989 and then the establishing of an independent Ukraine in 1991, the country descended into economic disaster with many consequent social problems.
    [Show full text]
  • Euromaidan Newsletter No. 64
    CIVIC SECTOR OF EUROMAIDAN GRASSROOTS MOVEMENT 2015 EuroMaidan Newsletter # 64 Bomb explosion at Kharkiv peace march kills 3, wounds 10 Did a Russian General lead the capture of Debaltseve? Feb 20: Parliamentarians debate Ukraine crisis, ceasefire February Ukraine called for UN-mandated peacekeepers to enforce the shaky cease-fire in the east after Ukrainian troops efforts, as top OSCE officials address Assembly. 23 withdrew from the strategic town of Debaltseve following http://goo.gl/PTxSw5 - intense fighting. http://goo.gl/DHHmI0 A British Parliamentary committee says the European Feb 22: Bomb explodes during Kharkiv march — 3 killed, Union and Britain are guilty of "sleepwalking" into the 10 wounded. http://goo.gl/GAC5AT ; video of explosion crisis in Ukraine. http://goo.gl/oR4Mq4 64. 17 http://goo.gl/t1LUfA; # The idea of nuclear disarmament has failed and led to a Kharkiv on Security Alert Following Deadly Blast at Peace selective reduction of the nuclear arsenal in the world, and, March. http://goo.gl/KkJQcu ; The four terrorists who as a result, Ukraine received guarantees that have not been attacked the peaceful rally in Kharkiv were trained in performed in exchange for unilateral disarmament. Russia and used Russian weapons, Ukraine's State Security http://goo.gl/thTQCX Service said. http://goo.gl/sz1G56 Canada Imposes More Sanctions Against Russia Over SBU prevented two more terrorist attacks in Kharkiv: Ukraine. http://goo.gl/0eZ5V0 ; EU Expands Ukraine-Crisis Terrorists wanted to fire ‘Shmel’ flamethrower at civilians. Sanctions List. http://goo.gl/wua8Kp Photos. http://goo.gl/VDVxuG Ukraine shuts down border posts with Russia.
    [Show full text]
  • The Ukrainian Weekly 1993
    < Vol. LXI No. 5 THE UKRAINIAN WEEKLY SUNDAY, JANUARY 31, 1993 50 cents Furor erupts in Toronto Eparchy Ukraine's position prevaiis as Rome makes move against bisliop at CIS summit in Minsk by Borys Klymenko to resolve conflicts over money trans­ by Andrij Wynnyckyj stems from Rome's resolve to imple­ fers and currency issues. The bank will ment the mandatory retirement age of MINSK — The January 22 summit be founded in Moscow with an initial TORONTO — A furor has erupted in 75 for bishops. This barkens back to the of heads of states belonging to the capital of 5 billion rubles to be contri­ the Ukrainian Catholic Eparchy of conflict that arose in 1989, when an CIS concluded here with Ukraine's buted by CIS members. Toronto in recent weeks over the unsuccessful attempt was made to oust position on the Commonwealth of Speaking at Kyyiv's Boryspil Airport appointment of the Rev. Roraan Dany- Bishop Borecky from his position as Independent States prevaihng. The 10- upon his return from Minsk, President lak, on December 29, 1992, as its Toronto eparch, in accordance with a member-states signed a general declara­ Leonid Kravchuk of Ukraine characte­ apostolic administrator. draft statute of the Canon Law for the tion on cooperation and participation rized the Minsk summit as an extra­ Eastern Catholic Churches. (Bishop The Vatican's announcement effec­ in the Commonwealth, but three — ordinary success for Ukraine. The crux Borecky turned 75 on October 1, 1986.) tively stripped the incumbent. Bishop Ukraine, Turkmenistan and Moldova of the matter he said, is that "Our Isidore Borecky, of all episcopal autho­ At that time.
    [Show full text]
  • Energy Politics of Ukraine: Domestic and International Dimensions
    ENERGY POLITICS OF UKRAINE: DOMESTIC AND INTERNATIONAL DIMENSIONS A THESIS SUBMITTED TO THE GRADUATE SCHOOL OF SOCIAL SCIENCES OF MIDDLE EAST TECHNICAL UNIVERSITY BY ANASTASIYA STELMAKH IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF DOCTOR OF PHILOSOPHY IN THE DEPARTMENT OF INTERNATIONAL RELATIONS MAY 2016 i ii Approval of the Graduate School of Social Sciences Prof. Dr. Meliha B. Altunışık Director I certify that this thesis satisfies all the requirements as a thesis for the degree of Doctor of Philosophy. Prof. Dr. Özlem Tür Head of Department This is to certify that we have read this thesis and that in our opinion it is fully adequate, in scope and quality, as a thesis for the degree of Doctor of Philosophy. Prof. Dr. Oktay F. Tanrısever Supervisor Examining Committee Members Prof. Dr. Meliha B. Altunışık (METU, IR) Prof. Dr. Oktay F. Tanrısever (METU, IR) Prof. Dr. Hüseyin Bağcı (METU, IR) Prof. Dr. Fırat Purtaş (GAZI U., IR) Assist. Prof. Dr. Yuliya Biletska (KARABÜK U., IR) iii I hereby declare that all information in this document has been obtained and presented in accordance with academic rules and ethical conduct. I also declare that, as required by these rules and conduct, I have fully cited and referenced all material and results that are not original to this work. Name, Last name : Anastasiya Stelmakh Signature : iii ABSTRACT ENERGY POLITICS OF UKRAINE: DOMESTIC AND INTERNATIONAL DIMENSIONS Stelmakh, Anastasiya Ph.D., Department of International Relations Supervisor: Prof. Dr. Oktay F. Tanrısever May 2016, 349 pages This PhD thesis aims to analyze domestic and international dimensions of Ukraine’s energy politics.
    [Show full text]
  • Ukraine and the ILO Vol. I
    Ukraine and the ILO (in two volumes) Volume I Historical background and recent developments Grigorij Prensilevich Igor Chernyshev Copyright © 2018 Grigorij Prensilevich and Igor Chernyshev. This work is registered with UK Copyright Service. Ukraine and the ILO (in two volumes) Vol. I: Historical background and recent developments; vol. II: Documents ISBN: 978-2-8399-2591-4 (pdf) The book cover designed by Ms Milena Chernysheva. The responsibility for opinions expressed in the publication rests solely with their authors, and publication does not constitute an endorsement by the International Labour Office of the opinions expressed in them. Since August 1991, Ukraine exists as an Independent State. At the same time, the history of its membership in the International Labour Organization (ILO) counts more than 60 years and began in 1954. How the country, called at that time the Ukrainian Soviet So- cialist Republic (Ukrainian SSR), became a member of the ILO while being a part of the Soviet Union? The book answers this and many other questions, and looks into many unknown, varied, dramatic but at the same time exiting historical facts of relationship between the country and the ILO, including a hidden and extended pre-membership pe- riod. Volume I describes the relationship between Ukraine and the ILO with a focus on the two distinctive periods: the Soviet period (1954-1991) and the period covering the years of Ukraine’s independence, as of 1991 and beyond. Special emphasis is made on the recent developments in the collaboration between Ukraine and the ILO in such topical areas as: Decent Work Country Programmes, ratification and application of the ILO Con- ventions, labour migration, social dialogue, restructuring of labour statistics and labour market information system, prevention and elimination of the worst forms of child labour, occupational safety and health.
    [Show full text]