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14:07 Nov 13, 2008
English to Polish translations [PRO] Social Sciences - Government / Politics
English term or phrase:insider economy
tekst dotyczy Ukrainy
However the challenges which each Ukrainian Government has had to meet since 2005 has meant that other policy areas have usually absorbed more of the attention of government - the gas dispute with Russia, questions associated with the insider economy and corruption, the dispute about NATO accession and many others.
The modernisation of Ukraine’s economy has been held back by isolation fromexternal competition and by the power of the ‘insider economy’. The insidereconomy is especially well developed in Ukraine, where large financial industrialgroups (FIGs) dominate industrial output. These groups maintain strong connectionswith government and other state institutions, allowing them to circumvent the normaloperating rules of the market economy.