Impact of Deindustrialization on the Structure of the Economy and Labour Market: the Case of Ukraine

Oleksandr Pidchosa; Oleksandr Rogach

doi:10.14665/1614-4007-28-1-001

Impact of Deindustrialization on the Structure of the Economy and Labour Market: the Case of Ukraine

Authors

Oleksandr Pidchosa Institute of International Relations of Taras Shevchenko National University of Kyiv
Oleksandr Rogach Institute of International Relations, Taras Shevchenko National University of Kyiv

DOI:

https://doi.org/10.14665/1614-4007-28-1-001

Keywords:

deindustrialization - financialization - labour market - structure of the economy - Ukraine

Abstract

Article discusses the process of deindustrialization of Ukrainian economy since 1991 and its impact on the economy structure and labour market. The authors propose periodization of the deindustrialization process which includes 4 main periods: 1991-2000 - Dramatic downsizing; 2001-2008 - Rapid growth; 2009-2013 - Cyclical period of economic recovery after the shock of the global financial crisis; and 2014-2019 - Restoration of stability. Their factors, features and influence are investigated in this study. The paper also assesses the link between deindustrialization and structural changes of the labour market during these periods of development. As a result of the study, it is concluded that the deindustrialization in periods of long-lasting transformation crisis in Ukraine has led to the waste of skillful workforce and rise of informal employment, whereas financialization has not resulted in increase of investments much-needed for modernization of the industrial sector and creation of highly productive jobs. The structure of employment has changed in favour of services.

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Published

2021-02-09

How to Cite

Pidchosa, O., & Rogach, O. (2021). Impact of Deindustrialization on the Structure of the Economy and Labour Market: the Case of Ukraine. Journal Transition Studies Review, 28(1), 3-18. https://doi.org/10.14665/1614-4007-28-1-001

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Issue

Vol. 28 No. 1 (2021)

Section

Papers

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