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You're reading: The government has a strategy for economy, but is it the right one?

Armed with slogans like “Let’s not reinvent the wheel,” Ukraine’s government is doing just that. At least that’s the impression I got from some of the recent statements by Borys Kolesnikov, the deputy prime minister who is in charge of infrastructure and preparation for the Euro 2012 football championship.

“The secrets of economic success in the world have been uncovered a long time ago, and Ukraine should take advantage of them,” Kolesnikov said at a recent conference.

He said that one of the major secrets is “localization of production,” meaning that the government should try its best to bring into the country the production of international brands that see Ukraine as a market for their consumption.

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