ESSENCE OF THE DEFINITION «CAPITAL MOBILIZATION» IN THE CONTEXT OF ATTRACTING HOUSEHOLD FUNDS FOR UKRAINE'S POSTWAR RECONSTRUCTION

Abstract

The article aims to clarify and substantiate the theoretical essence of the definition of "capital mobilization" taking into account the specifics of the post-war recovery of Ukraine's economy, as well as to outline the features of attracting household funds as a strategic internal investment resource. The study applies general scientific methods of analysis and synthesis to systematize existing theoretical approaches; the comparative method to identify differences between domestic and international interpretations; and the method of generalization to formulate a new integrative definition of capital mobilization. The article reveals that in the conditions of deep transformations of the world economy and post-war reconstruction of Ukraine, the problem of capital mobilization acquires special significance. The analysis of domestic scientific sources showed that Ukrainian scholars predominantly view capital mobilization through "resource" (as a source of funds) and "process" (as a formation of resources) approaches. In contrast, international practice interprets mobilization primarily as a "method" of leveraging private finance through risk mitigation instruments. Critically evaluating these approaches, the author argues that none of them individually provides a holistic view needed for the reconstruction period. A new integrative definition is proposed: capital mobilization is a complex targeted activity of public, private, and institutional actors aimed at accumulating, transforming, and attracting financial resources from domestic and foreign sources to ensure investment development and structural modernization. The scientific novelty lies in the development of a conceptual framework that harmonizes the Ukrainian understanding of resource accumulation with international standards of "mobilised private finance". This approach allows for considering household savings not just as a passive resource, but as an active element of the national investment strategy. The proposed theoretical refinement creates a basis for improving state financial policy. It suggests shifting the focus from simple accumulation of funds to creating an ecosystem of trust and effective infrastructure that facilitates the flow of household savings into reconstruction projects.