{"podcast":{"title":"VoxTalks Economics","slug":"voxtalks-economics-504930","podcast_index_feed_id":504930,"rss_url":"https://audioboom.com/channels/4966228.rss","website_url":"https://audioboom.com/channels/4966228","image_url":"https://audioboom.com/i/38349944.png","author":"VoxTalks","episode_count":471,"summary":"Learn about groundbreaking new research, commentary and policy ideas from the world's leading economists. Presented by Tim Phillips.","last_synced_at":"2026-07-29T20:21:07.540325+00:00","page_url":"https://stenobird.com/podcast/voxtalks-economics-504930"},"episode":{"title":"S9 Ep14: What’s next for Ukraine: Investment","slug":"s9-ep14-what-s-next-for-ukraine-investment","published_at":"2026-02-25T11:00:00+00:00","page_url":"https://stenobird.com/podcast/voxtalks-economics-504930/s9-ep14-what-s-next-for-ukraine-investment","show_page_url":"https://stenobird.com/podcast/voxtalks-economics-504930","url":"https://audioboom.com/posts/8865788","audio_url":"https://audioboom.com/posts/8865788.mp3?modified=1772013827&sid=4966228&source=rss","summary":"Ukraine will emerge from this war with enormous debt. The conventional wisdom treats that as an obstacle: investors weigh it before committing capital, and the burden slows the recovery before it starts. Yuriy Gorodnichenko and Maurice Obstfeld of UC Berkeley argue the opposite. A thorough restructuring of Ukraine's war debts – including, for sufficiently large obligations, outright forgiveness – is not just politically defensible but economically essential for attracting private investment. The bill for rebuilding and growing Ukraine, Gorodnichenko estimates, is $40 billion a year: $20 billion to replace destroyed capital, $10 billion to stop Ukraine falling behind its Eastern European peers, and $10 billion to start closing the gap. Put that figure next to what Poland absorbed in FDI during its post-communist transition, or the €200 billion of Russian state assets currently immobilised in Euroclear, or the budgetary support Ukraine has been receiving since 2022 – and it looks achievable. The harder challenge, they argue, is not raising $40 billion. It is directing it: towards investment rather than consumption. Ukraine didn’t grow in the post-Soviet era at the rate that its neighbours achieved. EU accession momentum and secure borders can be a signal to investors that this time the trajectory will be different. The research behind this episode: Gorodnichenko, Yuriy, and Maurice Obstfeld. 2026. \"You Only Live Twice: Financial Inflows and Growth in a Westward-Facing Ukraine.\" Economic Policy: Papers on European and Global Issues , special issue: \"What's Next for Ukraine?\" To cite this episode: Phillips, Tim. 2025. \"You Only Live Twice: Financial Inflows and Growth in a Westward-Facing Ukraine.\" Economic Policy: Papers on European and Global Issues (podcast). Assign thi…","meta_description":"Ukraine will emerge from this war with enormous debt. The conventional wisdom treats that as an obstacle: investors weigh it before committing capital, an…","key_points":[],"chapters":[],"topics":[],"duration_seconds":1245,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/voxtalks-economics-504930/episodes/s9-ep14-what-s-next-for-ukraine-investment/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/voxtalks-economics-504930/s9-ep14-what-s-next-for-ukraine-investment.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}