By Paul Krugman
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Extra resources for A Country Is Not a Company
Example text
Agriculture became an increasing financial burden, with subsidization of both Page x consumers and producers becoming an important factor in macroeconomic destabilization. It is evident that the sector's full potential can only be realized if major structural reforms are implemented. A Slow and Cautious Reform Process The Government of Ukraine has moved cautiously in reforming and restructuring the food and agricultural sector. First, there is a considerable body of opinion in Ukraine that the problems of the present system are transitory; that they can be overcome with greater access to advanced technology and better management, and that subsidization will only be needed until transitory problems can be solved.
Silt can also cover stream beds, and in so doing, impair the breeding and rearing grounds for aquatic animals. An imperceptible but real immediate effect, however, is loss of inorganic and organic nutrients from fertilizer and manure added to the soil, reducing the economic benefits, and increasing the need for replacement later.
Nutrients added to water bodies promote the excessive growth of algae. The resulting increase in organic matter leads to a high biological oxygen demand during decomposition and this causes eutrophication or death of the water bodies for certain species. This severely reduces the viability of water body use in both commerce and recreation. Silt can also cover stream beds, and in so doing, impair the breeding and rearing grounds for aquatic animals. An imperceptible but real immediate effect, however, is loss of inorganic and organic nutrients from fertilizer and manure added to the soil, reducing the economic benefits, and increasing the need for replacement later.
A Country Is Not a Company by Paul Krugman
by Steven
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