Publication:
Ukraine : Opportunities and Challenges for Private Sector Development

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dc.contributor.authorInternational Finance Corporation
dc.date.accessioned2014-01-29T23:07:45Z
dc.date.available2014-01-29T23:07:45Z
dc.date.issued2014-01-13
dc.description.abstractUkraine has untapped growth potential. Ukraine has one of the most fertile agricultural lands in the world, an attractive geographical location in Europe, bordering the European Union, the largest market in the world with a Gross Domestic Product (GDP) of more than $16 trillion, and a large domestic market of almost 50 million consumers. This note argues that the stunted growth of the private sector goes a long way in explaining Ukraine's poor growth performance. The tepid private sector growth is reflected in: the stagnant structure of the country's exports, where old industries such as steel, machine building and chemicals continue to predominate, operating at low levels of industrial productivity, which has grown at a much slow pace than in peer countries in the last decade; the low inflow of high value-added Foreign Direct Investment (FDI), especially in export-oriented manufacturing; and the relatively limited role of Small Medium Enterprises (SMEs) in the development of the economy. All of these factors suggest that the market-driven process of entrepreneurship, innovation and productivity does not seem to work properly, undermining Ukraine's growth prospects. The note identifies weaknesses in the regulatory environment, limited access to finance and lack of competition as the main constraints to private sector development and offers short-and medium-term policy reform options. The note is structured as follows. The first chapter uncovers the roots of the tepid private sector growth. The following three chapters focus on the three main constraints to private sector development, reviewing weaknesses on the business regulatory framework, access to finance, and competition, and providing recommendations. The last chapter concludes.en
dc.identifierhttp://documents.worldbank.org/curated/en/2014/01/18793736/opportunities-challenges-private-sector-development-ukraine
dc.identifier.doi10.1596/16711
dc.identifier.urihttps://hdl.handle.net/10986/16711
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO INFORMATION
dc.subjectACTION PLAN
dc.subjectAGRICULTURE
dc.subjectALLOCATIVE EFFICIENCY
dc.subjectAUTOMOBILES
dc.subjectBANKING SERVICES
dc.subjectBANKRUPTCY
dc.subjectBARRIERS TO ENTRY
dc.subjectBUSINESS ACTIVITIES
dc.subjectBUSINESS ASSOCIATION
dc.subjectBUSINESS ASSOCIATIONS
dc.subjectBUSINESS CLIMATE
dc.subjectBUSINESS DECISIONS
dc.subjectBUSINESS ENTITIES
dc.subjectBUSINESS ENVIRONMENT
dc.subjectBUSINESS ENVIRONMENT RANKINGS
dc.subjectBUSINESS REGISTRATION
dc.subjectBUSINESS REGULATION
dc.subjectBUSINESS REGULATIONS
dc.subjectBUSINESS SECTOR
dc.subjectBUSINESS TRANSACTIONS
dc.subjectBUSINESSES
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL MARKETS
dc.subjectCARTEL
dc.subjectCENTRAL BANK
dc.subjectCERTIFICATES
dc.subjectCERTIFICATES OF DEPOSIT
dc.subjectCHEMICAL INDUSTRY
dc.subjectCOAL
dc.subjectCOMMERCE
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMMUNICATION TECHNOLOGIES
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPARATIVE ADVANTAGES
dc.subjectCOMPETITION POLICY
dc.subjectCOMPREHENSIVE STRATEGY
dc.subjectCONSUMER PROTECTION
dc.subjectCONSUMERS
dc.subjectCOPYRIGHT
dc.subjectCOPYRIGHT CLEARANCE
dc.subjectCOPYRIGHT CLEARANCE CENTER
dc.subjectCORPORATE GOVERNANCE
dc.subjectCPI
dc.subjectCREDIT HISTORIES
dc.subjectCREDIT RISK
dc.subjectCREDIT RISK MANAGEMENT
dc.subjectCUSTOMS
dc.subjectDEBT
dc.subjectDECENTRALIZATION
dc.subjectDEPOSITS
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPMENT STRATEGIES
dc.subjectDISCLOSURE REQUIREMENTS
dc.subjectDOMESTIC MARKET
dc.subjectE-GOVERNMENT
dc.subjectE-MAIL
dc.subjectECONOMIC ASSETS
dc.subjectECONOMIC COOPERATION
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC EFFECTS
dc.subjectECONOMIC EFFICIENCY
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC HISTORY
dc.subjectECONOMIC MODELS
dc.subjectECONOMIC OUTLOOK
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC POLICY REFORM
dc.subjectECONOMIC POWER
dc.subjectECONOMIC RESOURCES
dc.subjectECONOMIES OF SCALE
dc.subjectELECTRICITY
dc.subjectENERGY CONSUMPTION
dc.subjectENERGY EFFICIENCY
dc.subjectENTERPRISE SURVEY
dc.subjectENTERPRISE SURVEYS
dc.subjectENVIRONMENTS
dc.subjectEXCHANGE RATE
dc.subjectEXPORT MARKETS
dc.subjectEXPORTS
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL SECTOR
dc.subjectFISCAL POLICY
dc.subjectFLEXIBLE EXCHANGE RATE
dc.subjectFOREIGN BANKS
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN INVESTMENT
dc.subjectFREE TRADE
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGLOBAL COMPETITIVENESS
dc.subjectGOVERNMENT POLICIES
dc.subjectGOVERNMENT REGULATION
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH POLICIES
dc.subjectGROWTH POTENTIAL
dc.subjectGROWTH PROJECTIONS
dc.subjectGROWTH RATE
dc.subjectHARMONIZATION
dc.subjectHUMAN CAPITAL
dc.subjectICT
dc.subjectIMPACT ASSESSMENT
dc.subjectIMPACT ASSESSMENTS
dc.subjectINCOME
dc.subjectINCOME LEVELS
dc.subjectINCOMES
dc.subjectINDUSTRIAL BASE
dc.subjectINDUSTRIAL PRODUCTION
dc.subjectINDUSTRY STANDARDS
dc.subjectINEFFICIENCY
dc.subjectINFORMATION INFRASTRUCTURE
dc.subjectINITIAL PUBLIC OFFERING
dc.subjectINNOVATION
dc.subjectINNOVATION POLICY
dc.subjectINSPECTION
dc.subjectINSPECTIONS
dc.subjectINSTITUTIONAL CAPACITIES
dc.subjectINSTITUTIONAL FRAMEWORK
dc.subjectINTEREST RATE
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL BEST PRACTICE
dc.subjectINTERNATIONAL COMPETITION
dc.subjectINTERNATIONAL INVESTMENT
dc.subjectINTERNATIONAL STANDARDS
dc.subjectLABOR COSTS
dc.subjectLABOR PRODUCTIVITY
dc.subjectLAW ENFORCEMENT
dc.subjectLEGAL FRAMEWORK
dc.subjectLEGISLATIVE FRAMEWORKS
dc.subjectLEGISLATIVE REFORM
dc.subjectLICENSES
dc.subjectLIMITED ACCESS
dc.subjectLIVING STANDARDS
dc.subjectMANAGEMENT SYSTEM
dc.subjectMANUFACTURING
dc.subjectMARKET COMPETITION
dc.subjectMARKET ECONOMIES
dc.subjectMARKET ECONOMY
dc.subjectMARKET STRUCTURE
dc.subjectMARKET TRANSPARENCY
dc.subjectMATERIAL
dc.subjectMEDIUM ENTERPRISE
dc.subjectMEDIUM ENTERPRISES
dc.subjectMERGERS
dc.subjectMONOPOLY
dc.subjectMONOPOLY RENTS
dc.subjectNATIONAL BANK
dc.subjectNATURAL MONOPOLIES
dc.subjectNATURAL RESOURCES
dc.subjectNEW MARKETS
dc.subjectOIL
dc.subjectONLINE REGISTRATION
dc.subjectOPPORTUNITY COST
dc.subjectOPTIMIZATION
dc.subjectOWNERSHIP STRUCTURE
dc.subjectPER CAPITA INCOME
dc.subjectPLANNED ECONOMIES
dc.subjectPOLICY FRAMEWORK
dc.subjectPOLITICAL ECONOMY
dc.subjectPORTFOLIO
dc.subjectPOTENTIAL INVESTORS
dc.subjectPRICE COMPETITIVENESS
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPRIVATE SECTOR GROWTH
dc.subjectPRIVATE SECTORS
dc.subjectPROCUREMENT
dc.subjectPRODUCERS
dc.subjectPRODUCT INNOVATION
dc.subjectPRODUCTION EFFICIENCY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC ADMINISTRATION
dc.subjectPUBLIC HEARINGS
dc.subjectQUERIES
dc.subjectREAL GDP
dc.subjectRED TAPE
dc.subjectREGISTRY
dc.subjectREGULATORY CAPTURE
dc.subjectREGULATORY ENVIRONMENT
dc.subjectREGULATORY ENVIRONMENTS
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY POLICY
dc.subjectREGULATORY SYSTEM
dc.subjectRESULT
dc.subjectRESULTS
dc.subjectRETAIL TRADE
dc.subjectRISK AVERSION
dc.subjectRISK MANAGEMENT
dc.subjectSECURE PROPERTY RIGHTS
dc.subjectSTATE CAPTURE
dc.subjectSTOCK MARKET
dc.subjectSTOCK MARKET CAPITALIZATION
dc.subjectSUPERVISION
dc.subjectTAX
dc.subjectTAX RATES
dc.subjectTAXATION
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTELECOMMUNICATIONS
dc.subjectTELEPHONE
dc.subjectTERMS OF TRADE
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTOTAL FACTOR PRODUCTIVITY GROWTH
dc.subjectTRANSITION ECONOMIES
dc.subjectTURNOVER
dc.subjectUNFAIR COMPETITION
dc.subjectUSER
dc.subjectVALUE ADDED
dc.subjectWAGES
dc.subjectWEAK ENFORCEMENT
dc.subjectWORLD TRADE
dc.subjectWORLD TRADE ORGANIZATION
dc.subjectWTO
dc.titleUkraine : Opportunities and Challenges for Private Sector Developmenten
dspace.entity.typePublication
okr.date.disclosure2014-01-14
okr.date.doiregistration2025-05-07T11:28:20.719738Z
okr.doctypeEconomic & Sector Work::PSD, Privatization and Industrial Policy
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2014/01/18793736/opportunities-challenges-private-sector-development-ukraine
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeEnvironment and Natural Resources
okr.globalpracticeGovernance
okr.globalpracticeTransport and ICT
okr.globalpracticeTrade and Competitiveness
okr.guid449191468309835374
okr.guid796971468313767735
okr.identifier.externaldocumentum000456288_20140113092348
okr.identifier.internaldocumentum18793736
okr.identifier.reportACS4778
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2014/01/13/000456288_20140113092348/Rendered/PDF/ACS47780revised0ESW00OUO090.pdfen
okr.region.administrativeEurope and Central Asia
okr.region.countryUkraine
okr.sectorPublic Administration, Law, and Justice::Public administration- Industry and trade
okr.sectorFinance::Micro- and SME finance
okr.sectorIndustry and trade::Other industry
okr.themeFinancial and private sector development::Infrastructure services for private sector development
okr.themeFinancial and private sector development::Regulation and competition policy
okr.themeFinancial and private sector development::Small and medium enterprise support
okr.topicEnvironmental Economics and Policies
okr.topicGovernance::National Governance
okr.topicEconomic Theory and Research
okr.topicPrivate Sector Development::Emerging Markets
okr.topicPrivate Sector Development::E-Business
okr.topicMacroeconomics and Economic Growth
okr.topicEnvironment
okr.unitPrivate/Financial Sectors Devt (ECSPF)
okr.volume1 of 1
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