Evaluating the Penetration of Capitalism in Post-Socialist Ukraine

Journal of Economic Studies, Vol. 34, No. 5, pp. 415-429, 2007

15 Pages Posted: 8 Jul 2013

See all articles by Colin Williams

Colin Williams

University of Sheffield - School of Management

John Round

University of Birmingham

Date Written: 2007

Abstract

Purpose – This paper evaluates critically the meta-narrative that capitalism is becoming totalizing and hegemonic. Grounded in an emerging corpus of post-development thought that has deconstructed this discourse in relation to western economies and the majority (third) world, the purpose of this paper is to further contribute to this burgeoning critique by analyzing the degree to which capitalism has penetrated a post-socialist society, namely Ukraine.

Design/methodology – To analyze the penetration of capitalism, a survey is reported of the work practices of 600 households in a array of localities in Ukraine, conducted during 2005/06 using face-to-face interviews.

Findings – Analyzing the practices used by households to secure their livelihoods, the finding is that capitalism is far from hegemonic. Even when the formal economy is relied on either as their most important or second most important source of livelihood, it is nearly always combined with some other economic activity. A diverse portfolio of work practices is thus the norm rather than the exception with over 90 per cent of households relying on sources other than the formal market sphere as either their most important or second most important source of livelihood.

Research implications – Displaying the shallow penetration of capitalism in this array of localities in Ukraine, this paper reveals the need for a re-representation of the realities of work in such post-socialist societies so as to open up the feasibility of, and possibilities for, alternative futures for work.

Originality/value – This paper reports the first evaluation of the extent to which capitalism has penetrated work practices in post-socialist Ukraine.

Keywords: capitalism, commodifcation, marketization, market economies, commercialization, Eastern Europe, Ukraine, informal sector, informal economy, capitalist systems, financial markets, economic development

JEL Classification: O17, H26, H31

Suggested Citation

Williams, Colin and Round, John, Evaluating the Penetration of Capitalism in Post-Socialist Ukraine (2007). Journal of Economic Studies, Vol. 34, No. 5, pp. 415-429, 2007 , Available at SSRN: https://ssrn.com/abstract=2290771

Colin Williams (Contact Author)

University of Sheffield - School of Management ( email )

15 Conduit Road
Sheffield, S10 1FL
United Kingdom

HOME PAGE: http://https://www.sheffield.ac.uk/management/staff/williams/index

John Round

University of Birmingham ( email )

Edgbaston, Birmingham B15 2TT
United Kingdom

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