Annotation The dissolution of the Soviet Union and the breakdown of all previously established production and trading practices has forced Ukraine to confront the demands imposed by a market-based economy. The food and agriculture sector is still in the early stages of the transition toward private ownership and market- based decisionmaking. The adjustment is difficult because of the country's long history of distorted prices, government intervention, and monopolistic marketing and because of the built-in inefficiencies of the collective and state farm systems. This report describes the current status of the food and agriculture system and the continuing process of transformation. It also provides an agenda and recommendations for maintaining the reform process. The main chapters highlight the development of a market framework and competitive strategies, land reform and privatization, and ways of improving farm production and efficiency. Also available in Ukrainian: (ISBN 0-8213-3475-1) Stock No. 13475.

Ukraine has made impressive progress in restructuring and stabilizing its economy over the past two years, and yet much remains to be done to revive output and establish a market economy. The 16 papers included in this volume, edited by Peter K. Cornelius and Patrick Lenain, were presented at a seminar sponsored by the IMF and the World Bank in July 1996, which brought together government officials, academics, and staffs of international organizations to discuss a comprehensive medium- term strategy for Ukraine. The papers cover the medium-term macroeconomic framework; wages, poverty, and social safety net reform; private sector development; trade policies and sectoral reforms; and institution building and good governance.

by Anatoliy Kinakh, Prime Minister ofUkraine After a deep and long-lasting recession, the Ukrainian economy has for the past two years demonstrated some very positive dynamics in its quantitative development indicators. This is essentially the result of reforms, which still require to be consolidated in order to engage the factors and mechanisms capable of ensuring long-term qualitative and sustainable development in our economy. How do we ensure sustainable growth, and realise the improvements in the main macroeconomic indicators together with serious and complex improvements at the micro-level, which would allow us to achieve the urgently needed shifts in the social sphere? These actual problems are the main priorities of macroeconomic policy. Furthermore, the search for solutions to these problems of our transitional economy requires profound scientific analysis. The following presentations made at the Conference on "Factors of Economic Growth in Ukraine" are serious scientific contributions by prominent economists in this field.

Ukraine may have taken a "gradualist" approach to economic reform, but the results have been no better than in Russia. The editors have assembled the leading specialists on the Ukrainian economy, including officials from major Ukrainian and international economic institutions, to outline the major problems of the economy, analyze the initial phases of economic reform in Ukraine, assess their outcomes, and chart the way forward.

This study summarizes the first five years (1991-96) of agrarian reforms in Ukraine, presenting the results of a farm-level survey conducted in 11 provinces between January and March 1996. The findings show that the growth of private farming has slowed do