Open Economy or Protectionism: Ukraine’s Dilemma
Journal: MONTENEGRIN JOURNAL OF ECONOMICS
Year: 2018

Since 1991, Ukraine has had several economic crises (1991)(1992)(1993)(1994)(1995)(1996)(1997)(1998)(1999) 2009, ongoing since 2014) and a period of economic boom from 2000 to 2008. The current crisis has external (the unfavorable situation in the world commodities markets) and internal (the military conflict with neighboring Russia) dimensions. The destruction of economic infrastructure and the unpreparedness of Ukrainian producers to compete globally explain its depth and complexity. Radical a