Freedom? How West’s Financial Aid Made Things Even Worse for Ukraine

Since the fall of the USSR Western donors have poured billions of dollars into Ukraine; however, the country’s corrupt elite is siphoning off the money to its own pockets instead of building a functioning state, Western experts stress. It seems as though the Western aid to Ukraine is only making things worse.

Virtually unlimited access to Western assistance has ‘freed’ the Ukrainian political establishment from carrying out serious economic and political reforms in the country and only heightened its interest in maintaining the status quo, American scholars, political risk consultant Neil A. Abrams and Professor M. Steven Fish of the University of California at Berkeley noted.Over the past 25 years the West has funneled billions of dollars in post-communist Ukraine in order to transform it into “a law governed state” and a “competitive market economy”; however, again and again the West’s initiatives have been crashing on the rocks of corruption and asset-grabbing in Ukraine.

 

via Freedom? How West’s Financial Aid Made Things Even Worse for Ukraine — Sputnik International

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