How Ukraine Became a Market Economy and Democracy

One of Europe''s old nations steeped in history, Ukraine is today an undisputed independent state. It is a democracy and has transformed into a market economy with predominant private ownership. Ukraine''s postcommunist transition has been one of the most protracted and socially costly, but it has taken the country to a desirable destination.

Åslund''s vivid account of Ukraine''s journey begins wit...