The Economic Potential of a Larger Europe
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The Economic Potential of a Larger Europe

Edited by Klaus Liebscher, Josef Christl, Peter Mooslechner and Doris Ritzberger-Grünwald

The Economic Potential of a Larger Europe gives insights into past, present and future issues related to the ongoing EU enlargement process. Providing a unique forum for debate and a multiplicity of views and experiences from both high-profile academics and those who engage with enlargement on an implementation level, this book covers a wide range of topics that are key to a successful transition and integration process and thus to the provision of a prosperous growth environment within a larger Europe. Special attention is paid to monetary integration, notably entry into ERM II, on which representatives of the national central banks involved present their views.
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Chapter 5: JVI and WTO - Beacons for navigating the waters of transition

Valeriy T. Pyatnytskiy


5. JVI and WTO – beacons for navigating the waters of transition Valeriy T. Pyatnytskiy1 When Ukraine first appeared on the map of Europe in 1991, it was typically referred to as ‘one of the former Soviet Union republics’. Then it was labelled ‘a CIS country’. Only recently has it been recognized as ‘a newly independent country in Eastern Europe’. A similar change in attitudes and values has evolved in the country itself, as has been clearly reflected in economic developments, and, most importantly, asserted itself in the hearts and minds of the people of Ukraine. The changing mentality of (first and foremost) decision-makers is a significant factor of market reform in Ukraine, if not the most significant one. And sowing the seeds for such change is basically what training institutions like the Joint Vienna Institute (JVI) – launched in 1992 to provide a forum for the training of officials from former centrally-planned economies in transition to market-based systems – do for all transition economies. These days Ukraine looks forward to finally getting involved as a peer in global development processes. In this context, the goal of joining the World Trade Organization (WTO) and the world trading system governed by the WTO is viewed as an extremely important step in the right direction. What is even more important, WTO accession happens to be a kind of beacon for navigating the waters of transition and thus a major prerequisite for the success of our ongoing internal reforms. No matter what...

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