Preview

Economic System of Ukraine

Better Essays
Open Document
Open Document
954 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Economic System of Ukraine
-------------------------------------------------
Economic Systems Culminating Task
-------------------------------------------------
Ukraine

In this report I will discuss and evaluate the economic system of Ukraine and attempt to address how Ukraine’s economic system affects its industries and people. Ukraine is located in eastern Europe, bordering the black sea between, Russia, Poland, Romania, and Moldava.

Intro

The economic system of Ukraine continues to change. In recent years, types and quantity of major goods and services have greatly increased. Ukraine, at a population of 46.6 million people, is one of Europe’s largest countries. Ukraine is an urban country with a rural population. In this report I will discuss and evaluate the economic system of Ukraine and attempt to address how Ukraine’s economic system affects its industries and people. Ukraine is located in Eastern Europe, bordering the black sea between, Russia, Poland, Romania, and Moldava.

Natural Resources and Industries

Ukraine has an incredibly abundant amount of mineral resources. Rich iron ore, titanium ore, bauxite and coal are among the top natural resources in Ukraine. This forms a large iron-and-steel industry. It ranks among the top steel producers in the world. Its coalmines are among the deepest in Europe, and are highly dangerous because they are so deep. So deep, that there are increased levels of methane; methane related explosions have led to several deaths of Ukrainian miners.
Manufacturing is an extremely important sector of the Ukrainian economy. This is because it generates such large profits and can be done at such high productivity rates. Metals, transportation equipment and other types of heavy machinery are main products manufactured in Ukraine. Ukraine’s rich farmland also means for a strong agricultural industry.

Agricultural Industry of Ukraine
Agricultural Industry of Ukraine
Mining Industry of Ukraine
Mining Industry of


Bibliography: "Ukraine." Encyclopædia Britannica. Encyclopædia Britannica Online Academic Edition. Encyclopædia Britannica Inc., 2013. Web. 14 May. 2013. <http://www.britannica.com/EBchecked/topic/612921/Ukraine>.
Continue Reading
View Writing Issues

You May Also Find These Documents Helpful

  • Good Essays

    Changes and Continuities in Labor Systems in Russia
    • 565 Words
    • 3 Pages

    Changes and Continuities in Labor Systems in Russia

    Huge changes came to Russia when the tsar Alexander II came to power. His reforms freed the serfs and industrialized the nation’s economy. In the past, Russian serfs were tied to the land and worked on the land for the land owners and received no pay. While they were permitted to have farms of their own, serfs had to work the lord’s land whenever called upon, even during times of harvest when their own crops need harvesting or tending. Due to Alexander II’s reforms, these serfs were freed. Once these serfs were freed, they either went into the city to look for work or out to the country to find land. Many also fled to surrounding societies to escape the Russian hardships of being a serf. Russian labor was also changed through Industrialization, also influenced by Alexander II’s reforms. Factories and railroads expanded and industries like coal, steel, and petroleum boomed. Serfs who were emancipated found easy work in factories that were booming. With new industries creating new jobs and plenty of freed serfs to take them, the Russian labor system greatly changed between 1750 and 1914.…

    • 565 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Eastern Europe Financial Crisis
    • 885 Words
    • 3 Pages

    Eastern Europe Financial Crisis

    QUESTION 1: Eastern Europe is currently in severe financial distress. Discuss why the crisis has affected the Eastern European countries in such a strong way. Reflect on the interdependency between the members of the European Union. How does situation in Eastern Europe affect countries in Western Europe?…

    • 885 Words
    • 3 Pages
    Good Essays
    Read More
  • Good Essays

    Changes and Continuity over Time: Eastern Europe and Latin American from 1750 to Present Day
    • 420 Words
    • 2 Pages

    Changes and Continuity over Time: Eastern Europe and Latin American from 1750 to Present Day

    In the years between 1750 and the 1860’s, serfdom in Russia stunted economic growth and modernization and there was little to no participation in global economy, especially in Russia. There was also no colonial trade because East Europe had no colonies there in the 1750’s. Eastern Europe also had a largely internal commerce, agrarian society and had a lack of participation in Trans- Atlantic Slave Trade. In the 1860’s to 1917 the Austro-Hungarian Empire experienced a short surge in prosperity that was quickly…

    • 420 Words
    • 2 Pages
    Good Essays
    Read More
  • Good Essays

    How Did Joseph Stalin's Forced Famine
    • 588 Words
    • 3 Pages

    How Did Joseph Stalin's Forced Famine

    Stalin’s Forced Famine Throughout Europe’s history, no attack on its own people was as grueling or as cruel to its citizens as Stalin’s forced famine. These victimized people lived on farms in the “breadbasket of Europe”, which was a nickname Ukraine got for its fertile land. Stalin used his authority to deprive these people of food they had grown. During this famine, present-day Russia identified itself as the Soviet Union and Ukraine was the Ukrainian SSR.…

    • 588 Words
    • 3 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    To what extent is the supply of energy dependent on international cooperation
    • 396 Words
    • 2 Pages

    To what extent is the supply of energy dependent on international cooperation

    Another on-going issue that highlights the extent to which global energy supply depends on international cooperation is the current situation in Russia. Russia has 20% of the world’s gas reserves and supplies the EU with 25% of its gas, giving it great economic and political power. Over the past year there has been conflict between Ukraine and Russia- this led to Russia cutting off gas supplies to Ukraine momentarily. However, Ukraine is in a geographically important position between Russia and its markets in Europe with three pipelines transporting 70% of Europe’s gas from Russia. This shows the extent to which cooperation between countries is essential for a reliable source of energy.…

    • 396 Words
    • 2 Pages
    Satisfactory Essays
    Read More
  • Good Essays

    Ccot Impact of Industrialization on Russia
    • 573 Words
    • 3 Pages

    Ccot Impact of Industrialization on Russia

    In the late 19th century, Russia began its process of industrialization following its defeat at the hands of Western nations in the Crimean War. Russia's Industrial Revolution was further helped along by its growing population and an increasing labor force. As the industrial process continued, it sprang forth new jobs in mining, factory work, and railroad construction. This influx of jobs was taken by an influx of people, come from the country to work in the cities as cheap laborers, taking up dangerous, low-paying jobs. In spite of all these changing times and circumstances, the tension between the upper and lower classes remained taut as a drum, building up under the fabric of society. Industrialization in Russia had an enormous, lasting impact that set Russia on the course for the troubles that would happen in the future.…

    • 573 Words
    • 3 Pages
    Good Essays
    Read More
  • Satisfactory Essays

    Iron Industry 1800s
    • 175 Words
    • 1 Page

    Iron Industry 1800s

    The industry today is not like what it used to be. Today we are a major importer of steel and iron but not as much as back then. We mine taconite not iron ore it has a high concentration…

    • 175 Words
    • 1 Page
    Satisfactory Essays
    Read More
  • Good Essays

    The positive and negative effects of Russian Industrialization
    • 519 Words
    • 2 Pages

    The positive and negative effects of Russian Industrialization

    In 1861, under the rule of Alexander II, Russia moved into an active period of social and political reform that established the base for industrialization. It wasn't until the 1890's that Russia finally entered the industrial age. This was due, in part, to the fact that earlier czars feared losing the support of the nobles so they avoided reform. The nobility strongly opposed industrialization because it would provide oppurunities for workers to leave behind the tyrannical rule of the nobility, trading in their pitchforks for a ticket to the city. Between 1890 and 1900 workers who would have been otherwise been handpicking crops for next to nothing served to triple Russia's production of coal, iron, steel and oil.…

    • 519 Words
    • 2 Pages
    Good Essays
    Read More
  • Good Essays

    Orange Revolution in Ukraine
    • 1009 Words
    • 5 Pages

    Orange Revolution in Ukraine

    Kiev City Guide. “History in the Making.” Kievukraine.info. Kiev Ukraine Info. 2004-2010. Web. 22 March, 2010…

    • 1009 Words
    • 5 Pages
    Good Essays
    Read More
  • Good Essays

    Natural Resources of Ukraine
    • 344 Words
    • 2 Pages

    Natural Resources of Ukraine

    Ukrainian chemical industry produces large amounts of coke, mineral fertilizers, and sulfuric acid. Ukrainian food-processing industries yield…

    • 344 Words
    • 2 Pages
    Good Essays
    Read More
  • Good Essays

    Use of force
    • 903 Words
    • 4 Pages

    Use of force

    1. Read online (reputable sites, magazines, publication, encyclopedia) about the current crisis in Ukraine. You…

    • 903 Words
    • 4 Pages
    Good Essays
    Read More
  • Good Essays

    Is russia justified in its actions in crimea?
    • 714 Words
    • 3 Pages

    Is russia justified in its actions in crimea?

    Before the revolution, Ukraine had been mired by years of corruption, mismanagement, lack of economic growth, currency devaluation, and an inability to secure funding from public markets. As a result of this, Yanukovych sought to create closer relations with the European Union (EU) as well as Russia in order to bait the capital necessary to maintain Ukraine’s standard of living without significantly affecting the local population. One of these measures was an association agreement with the European Union which would provide Ukraine with funds contingent to several reforms in almost all aspects of Ukrainian society and break its economic ties with Russia. Yanukovych, at first, considered the contingencies to be fair but ultimately refused to sign the agreement considering it too grave and detrimental to Ukraine. Instead, he signed a treaty with Russia which sparked civil unrest in Kiev that ultimately led to violent clashes between protestors and law enforcement officers under unclear circumstances. As tensions rose, Yanukovych fled the country and has been granted safe refuge by Russia.…

    • 714 Words
    • 3 Pages
    Good Essays
    Read More
  • Powerful Essays

    Russia’s Political Effects on Their Tourism Industry
    • 4298 Words
    • 13 Pages

    Russia’s Political Effects on Their Tourism Industry

    Russian Federation Travel Alert - Events in Ukraine. (2014, April 10). U.S. Passports and International Travel. Retrieved April 16, 2014, from http://travel.state.gov/content/passports/english/alertswarnings/russia-travel-alert-events-in-ukraine.html…

    • 4298 Words
    • 13 Pages
    Powerful Essays
    Read More
  • Satisfactory Essays

    Uzb-Usa
    • 991 Words
    • 4 Pages

    Uzb-Usa

    Uzbekistan is one of the rich countries for natural resources. The basic natural resources that Uzbekistan has are natural gas, petroleum, coal, gold, and uranium, silver, copper, lead and zinc, tungsten, molybdenum. Gold alongside cotton, is a major foreign exchange earner, exports gold and cotton estimated at around 20% of total exports. Uzbekistan is the world's seventh-largest gold producer, mining about 80 tons per year, and holds…

    • 991 Words
    • 4 Pages
    Satisfactory Essays
    Read More
  • Satisfactory Essays

    Situation in crimea
    • 335 Words
    • 1 Page

    Situation in crimea

    The formal basis of the relations is the 1997 charter on a distinctive partnership that established the NATO Ukraine commission or (NUC). Successive governments reinforced the political dialogue and practical cooperation between NATO and Ukraine. NATO supports a range of initiatives in Ukraine, while Ukraine contributes to NATO’s missions in Afghanistan and Kosovo. The Problem that complicates the deal is that Russia provides almost a quarter of Europe’s natural gas which just so happens to run through Ukrainian pipelines, which they’ve had problems with before. (NATO - North Atlantic Treaty Organization).…

    • 335 Words
    • 1 Page
    Satisfactory Essays
    Read More

Related Topics