KIEV, UKRAINE (Worthy News)– An economic trade agreement between Ukraine and the European Union that served as a catalyst for months of protests, the exile of former Ukrainian president, and the death of scores of Ukrainians, is set to be signed on Friday.
The deal holds out the promise of sweeping change in a country rich in people and resources, but which has lagged behind many of its former Soviet peers.
Consider: When the Soviet Union broke up in 1991, Ukraine and Poland were roughly on par economically. Ukraine’s economy is still based largely on privatized Soviet enterprises in mining, steel and machinery. By contrast, Poland created better conditions for business and new industries arose. Poland joined the European Union in 2004 and is now roughly four times richer than Ukraine, measured in economic output per person. –Source
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