Andrew Schmitz and William H. Meyers (eds) (2015) Transition to Agricultural Market Economies - The Future of Kazakhstan, Russia and Ukraine, CAB International, Wallingford, U.K., 258 p

[...]one may wonder why the western economists assumed planned economies were inefficient, but have not yet been able to improve as expected. The form of privatization, insecure property rights, high uncertainty due to policy interventions, and lack of human capital trained for decision-making in a...

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Veröffentlicht in:Review of Agricultural, Food and Environmental Studies Food and Environmental Studies, 2016-11, Vol.97 (3), p.203-206
1. Verfasser: Koester, Ulrich
Format: Artikel
Sprache:eng
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Zusammenfassung:[...]one may wonder why the western economists assumed planned economies were inefficient, but have not yet been able to improve as expected. The form of privatization, insecure property rights, high uncertainty due to policy interventions, and lack of human capital trained for decision-making in a market economy constrained adjustment of the individual farms in line with international competitiveness. Ukrainian agriculture and particularly the wheat economy were highly taxed in some years, increasing the variability in profit rates of wheat production. [...]Ukraine is not a reliable supplier of wheat on the international markets. The authors argue convincingly that the establishment of such cooperatives may suffer from citizens’ past experience with the socialist version of cooperation. [...]in the special case of Ukraine, small- and medium-sized farmers may react to disincentives due to tax regulation for cooperation.
ISSN:2425-6870
2425-6897
DOI:10.1007/s41130-016-0015-4