IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

Peculiarity transformation of modern economies (example of Ukraine)

Listed author(s):
  • Olena Slozko


Registered author(s):

    Olena Slozko – PhD, Senior Research Adviser IWEIR NAS Ukraine Peculiarity transformation of modern economies (example of Ukraine) For the transformation of modern economies characterized by two features that impede the integration of world financial markets: first, large scale non-market sectors and relations, and secondly, the low information transparency. Typical is the low level of economy of Ukraine depends on international flows of financial capital. Contrariety investment climate in Ukraine is connected to the incomplete market institutional reforms, high levels of arbitrary interference by public authorities in the financial business and their corruption, backwardness of market infrastructure and others. This narrowness and financial market away from the main countries of the world financial capital flows . In the future, if we proceed with economic realities and financial market development level of countries with transitional economic expansion is possible in these countries to attract foreign capital. Total foreign capital inflows can have both positive and negative consequences for social and economic development. Receiving positive effects depends on the ratio between import and export of capital, foreign capital forms, directions using borrowed funds and others. The most common way of attracting foreign direct investment in real sector of economy of business is selling shares to foreign companies. Please be aware that the country in transition (non-) economics is 'fit' in global financial processes, following their own capacity for sustainable development. Integration into the global economy based on specialization in production of raw materials industries, which, unfortunately, now completely dominates the transition economies, is not effective. Countries with such exports have a strong immunity against fluctuations in world financial markets. For them there is always an external threat of violation of domestic macro-financial equilibrium. In recent years, foreign capital is intensively working on the Ukrainian banking market. Expansion of banks with foreign capital in Ukrainian banking market contributes to the further introduction of modern banking technology, international experience of banking, high levels of customer service, quality services, integrated approach to customer service introduction to corporate governance in banking practice.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    Paper provided by European Regional Science Association in its series ERSA conference papers with number ersa11p352.

    in new window

    Date of creation: Sep 2011
    Handle: RePEc:wiw:wiwrsa:ersa11p352
    Contact details of provider: Postal:
    Welthandelsplatz 1, 1020 Vienna, Austria

    Web page:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:wiw:wiwrsa:ersa11p352. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Gunther Maier)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.