Report about the Political Risks Affecting Social, Economic and Political Development in Ukraine

Report about the Political Risks Affecting Social, Economic and Political Development in Ukraine
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Executive Summary
This is a report by a team of experts concerning the political risks that have been experienced in Ukraine. The experts have examined how these risks have impacted different areas such as the political, social and economic development in Ukraine. The experts have also evaluated how the political instabilities in Ukraine have affected local and regional partnerships, human and natural resources, trade routes and access to energy and commodities. Experts used secondary data and experiences in their respective fields. The experts derived conclusions from their findings and they also offered recommendations on how the political risks may be managed to facilitate political and economic development in Ukraine.
Introduction
Political stability is essential for decision-makers when contemplating about entering, expanding or terminating operations in a country or region. Ordinarily, economic growth and political stability are deeply interconnected, uncertainty associated with an unstable political environment may reduce investment and the pace of economic development of a given country. Additionally, poor economic performance may also cause the government to collapse and it can also facilitate political unrest. In most cases, conflicts and radical changes of regimes facilitate political turbulence and if citizens of any country may avoid these issues then they can concentrate on working, saving and investing thus improving their economic conditions.
Ukraine has faced severe political instabilities for the last few years. The country has faced serious and immediate challenges such as pro-Russian separatists in the eastern part of the country and has also encountered nationwide economic deterioration which is attributed to corruption and inefficiency that strains the country’s fiscal balances, limits the nation’s growth and undermines fragile political unity. This report provides information which will help in comprehending and managing political risks affecting the political and economic development of Ukraine. The report was developed by a team of experts comprising of political analysts, economic research analysts, and international trade experts. The experts obtained data from reliable secondary sources, their experiences and through observing the current political situation in Ukraine.
Findings
1 Risks affecting active social, political, cultural and economic environment
The members noted that are there are several political risks that have affected social and cultural development in Ukraine. For example, the experts agreed that corruption in the country has hindered the efforts of the political elites to reform the post-totalitarian legal system. This has made the Ukrainian citizens to lack commitment in the attainment of their constitutional right to control and manage the issues of their state and local governments. Additionally, the members agreed that culture is vital in the development of a country because it guides the citizens along a particular path. They, however, noted that wars and corruption cases in Ukraine cause disruptions thus making it impossible for ...