Academic journal article The Journal of Social, Political, and Economic Studies

The Ukrainian Challenge: Reforming Labour Market and Social Policy

Academic journal article The Journal of Social, Political, and Economic Studies

The Ukrainian Challenge: Reforming Labour Market and Social Policy

Article excerpt

The Ukrainian Challenge: Reforming Labour Market and Social Policy ILO Central and East European Team Central European University Press, Budapest

Distributors: Oxford University Press, New York. 1995

The Ukraine was one of the largest East European countries that acquired independence in late 1991. But having been integrated for so long into first Czarist Russia and then the Soviet empire, it did so under the most difficult of circumstances. Between 1991 and 1994, its economy went into a state of hyper-stagflation - a combination of massive economic decline and an inflation rate that rose to above 10,000 percent in 1993. Its political and social infrastructure had to emerge against the background of rapidly shrinking living standards and concern about the sustainability of the country itself.

Remarkably, in mid-1994 Ukraine seemed to have established the necessary political basis for a sustained transformation of its social and economic policies. In the coming period, it will be essential for the government, for those agencies providing financial assistance, for the emerging employer and trade union organizations and for others involved in that process to give very high priority to the substantial reform of labor market and social policy. …

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