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1 Business and Economic Horizons

1 2017

1 Mostepaniuk A.

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A social breakthrough and an economic slowdown in Ukraine

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Mostepaniuk A.

2017

tom Volume 13

nr Issue 5

604-618

Recent revolutions were either successful as in Georgia, where the living standards were improved or a great fault as in Yemen, Libya and Syria, where a civil war started. What are the underneath reasons of a successful revolution? Why in some countries anti-governmental protests brought prosperity while in others continuous military conflicts and social deprivation? This paper provides a multi approach analysis of the Revolution of Dignity in Ukraine, shows visible and hidden preconditions as well as key social and economic outcomes. It concludes that despite a fundamental shift in the social identity and ideology of the nation, there are number of negative economic results, which slow down economic development and further social improvement.