These past few days and weeks have been ones of monumental importance to the structure of the post-war era. The Kremlin has, again, challenged well-established borders and drawn new lines on the map of Europe. Ukraine, as an emerging market and democracy, is under intense pressure. Liberal democracies around the world have a duty to show their support for a sovereign democratic nation in its time of need. The reaction and principles of the democratic world and the private sector are being tested, not just in Eastern Europe, but across the globe.
“Liberal democracies around the world have a duty to show their support for a sovereign democratic nation in its time of need. The reaction and principles of the democratic world and the private sector are being tested, not just in Eastern Europe, but across the globe.”
Authoritarian states are not only redrawing maps, but they are also undermining markets, facilitating corruption, and damaging the rule of law in both consolidated and emerging democracies. Business communities in liberal democracies need fundamental elements, including transparency, accountability, and the ability to organize and advocate, in order to grow, innovate, and provide opportunity. Only an open and participatory governance process can provide these elements.
Through corruption and cronyism, Vladimir Putin has undermined the Russian economy and stifled the dreams and aspirations of tens of thousands of Russian entrepreneurs for two decades. His military interventions abroad now threaten to undermine the economies and future prosperity of an entire region. In contrast, the citizens of Ukraine have chosen a path to make their country a free, strong, independent, and democratic nation. At this critical time, CIPE stands with Ukraine and her people in defending their right to sovereignty and self-determination.
Banner image source: Geoff Stellfox/The Gazette via AP