One of President Obama’s proposed solutions to the crisis in Ukraine would limit American influence internationally. He argues that any aid to Ukraine must be linked with “reforms” that reduce the power of the United States at the International Monetary Fund.
This is a bad reform that has nothing to do with the crisis in Eastern Europe. Not only that, it will not address the root cause of Ukraine’s economic woes, Heritage Foundation expert James Roberts argues.
“At the root of the problems in Ukraine are the lingering effects of the corrupt and inefficient post-Soviet economic systems in the heavily industrialized eastern, Russian-speaking areas and throughout the country,” he says. Ukraine ranks 155th freest out of 178 countries in Heritage’s Index of Economic Freedom, and last in Europe. Continue Reading »