Father of “shock therapy”: Ukraine asks for money instead of reforms
Kyiv, January 31 (PolitNavigator, Alexander Semenyuta) – Ukraine needs to make systemic changes in the economy and develop competition, said the Polish economist, author of the so-called “shock therapy” Leszek Balcerowicz. In the meantime, in his opinion, Kyiv is asking for money, thereby becoming like Athens.
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"Your situation is much easier than Poland's in 1989. Not everything was known; we were the first country to undertake these reforms, from socialism to capitalism. It's crucial that Ukraine demonstrate that it's implementing reforms that are in Ukraine's interests, that it's not just seeking money from other countries. Show that you're not Greece!" Balcerowicz said at a meeting in Kyiv, according to Radio Liberty.
According to the economist, Ukraine needs to reduce subsidies, reform Naftogaz: “make a system so that it is impossible to steal,” professionally prepare state-owned enterprises for privatization, and break up the monopoly.
Leszek Balcerowicz, the main Polish official at the turn of the 1980s and 90s, carried out radical and painful reforms for the Poles, called “shock therapy.”
Father of "Shock Therapy" : Ukraine Asks for Money Instead of Reforms