The raw material economy and low wages Ukrainian - weakness of the hry...
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Agrarian Party of Ukraine
The raw material economy and low wages Ukrainian - weakness of the hryvnia - Vitaly Skotsyk
05.09.2016
The raw material economy and low wages Ukrainian - weakness of the hryvnia - Vitaly Skotsyk
Orientation in economic policy on the sale of raw materials and a cheap labor force in Ukraine is the main cause of instability hryvnia.
This opinion was expressed today economist, head of the Agrarian Party of Ukraine Vitaliy Skotsyk on the occasion of the anniversary of the currency reform and the 20th anniversary of the introduction of the national currency hryvnia.
"Since independence we have never had a strategic plan for 25-35 years ahead. Economic policy was limited to two things. First, it increased exports of raw materials that require less investment but provides less income. Secondly, to preserve the low wages people involved in production. In foreign markets, raw materials are always cheaper than the finished product and it often fluctuate prices. According hryvnia simply could not be in such a stable raw material economy ", - said Vitaly Skotsyk.
During independence changed only raw product, not the structure of the economy. However, no new economic policy should not expect stabilization of the hryvnia.
"During the Independence we first sold the metal, and now sell grains that make up today almost half of our exports. Continues to import mainly finished product. Thus, there is a constant demand for more foreign currency than that which Ukraine receives in foreign markets. As a result, the national currency depreciated, "- said the leader of the farmers.
Economist named three key areas of the Ukrainian economy, which in his opinion, will make national currency stable.
"First, is the transition from the production of raw materials to finished goods. This approach requires time and money, which can be obtained either through attracting investment, or by reducing the pressure on the producer. For example, turning the special regime of VAT to farmers there are funds for the construction of processing plants. Second, the domestic market mainly consumer goods Ukrainian production. This will reduce the need for imports and make Ukraine less dependent on foreign currencies. The more the Ukrainian market to goods produced, the more they will buy Ukrainian - the national currency will be stable. Third, a tax and fiscal stimulus of high wages in Ukraine ", - said Vitaly Skotsyk.
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