Investment Climate Reform in Ukraine

Abstract

The Ukraine must improve its investment climate at the regional and local level in order to achieve relatively large increases in economic growth. Estimates of cost of its poor investment climate suggest that the regulatory burden on business takes 14% of a manager's time each month. Changes in the investment climate could affect both foreign direct investment and local investment similarly. Because changes in regional leadership could lead to such gains being quickly lost, it is important for policy to be consistently implemented over a long period of time.