Rent Regulation Could Revive Ukraine's Struggling Economy, Boost Local Budgets
Rent is a useful tool for controlling the growth of the agrarian sector and the economy as a whole. It is extra income for resource owners that is not from their business. Too much rent-seeking can lead to economic issues like the "Dutch disease". Ukraine's economy relies heavily on rent, making it commodity-based and dependent on other countries. If Ukraine doesn't change its economic structure and use resources wisely, it will face a deepening crisis. By redistributing rent income and investing in local communities, the economy can improve.