While the crisis in Ukraine has hurt its economy, ongoing corruption issues have been far more damaging. If Ukraine can resolve its corruption issues, it could become a $1 trillion economy.
Portland Oregon (PRWEB) January 23, 2016
Akholi Research released their Ukraine Economic Assessment 2016 today. The report captures the following:
1. The impact the current crisis in Ukraine is having on the greater Ukrainian economy.
2. Quantifies damages to the Ukrainian economy due to ongoing corruption and IP protection risk.
3. Through quantitative modeling, defines realistic targets for all major economic indicators for Ukraine.
4. Defines actions Ukraine can take today to grow their economy and create high value jobs.
Quote from Akholi Research partner and lead researcher Phillip J. Hatch:
"Ukraine presents both an enormous challenge and an incredible opportunity. While the crisis in Ukraine has negatively impacted all facets of its economy, ongoing corruption and IP protection concerns have been far more damaging. If Ukraine can resolve its ongoing corruption risks, it could become a major global technology center. Ukraine should be a $1 trillion economy. While Ukraine will not be able to achieve full economic targets or materially grow high value goods exports until ongoing corruption issues are resolved, it has a great opportunity to realize significant economic growth through high value service exports now. If Ukraine was to perform as well as regional top performers in regards to service exports per capita, Ukraine would likely double its GDP."
The full report is available for download from the Akholi Research site at http://www.akholi.com