There followed an incredible misinterpretation: Burma switched from left-hand to right-hand traffic overnight.
So far, Ukraine’s authorities seem stuck driving down the middle of the road. Inconsistent and non-systemic reforms in customs and tax rules haven’t placed the country inside the top 100 countries to do business in, according to the World Bank. Perhaps more worryingly, heavy-handed ideas, like a transaction tax on exporters and importers, or the car import duty hike that stifled sales, suggest interventionist instincts remain strong.
If the government wants to meet its immediate goals of achieving a minimum of 3-4 percent growth in 2014 and 2015, and raising the share of small and medium businesses from around 10 percent to 25 percent of the economy, more needs to be done. The system needs to be changed, not just greased.