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The Labour Market In Romania After 1990

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  • Pasca Cornelia Serena

    (Faculty of Economics and Business Administration, Babe? Bolyai University, Cluj Napoca, Romania)

Abstract

The highly centrally planned Romanian economy needed to evolve towards liberalization, with well – defined market mechanisms. The passing on from centralized to market economy, the amendment of manufacture systems stressing on the introduction of new technologies, the change of market from the one directed to eastern countries to the one regarding the western ones, opened both to Europe and the USA and even Africa, as well as the fact that Romania joined the EU, required for a restructuring of the labor market. The labor market underwent major changes after 1989, due to privatization and mass restructuring and what followed was major economic imbalance, high unemployment rates that determined both regional and international migration. Romanian economy faces extended difficulties in employing manpower, with various delays on the labor market due to a workforce shortage in certain geographic areas or economic branches, considering the difficult conditions brought about by the economic crisis supplemented by technological progress and population aging.

Suggested Citation

  • Pasca Cornelia Serena, 2016. "The Labour Market In Romania After 1990," Management Strategies Journal, Constantin Brancoveanu University, vol. 34(4), pages 192-200.
    • Handle: RePEc:brc:journl:v:34:y:2016:i:4:p:192-200
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    References listed on IDEAS

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    1. Cansin Arslan & Jean-Christophe Dumont & Zovanga Kone & Yasser Moullan & Caglar Ozden & Christopher Parsons & Theodora Xenogiani, 2015. "A New Profile of Migrants in the Aftermath of the Recent Economic Crisis," OECD Social, Employment and Migration Working Papers 160, OECD Publishing.
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    More about this item

    Keywords

    labour market; employment; unemployment;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure

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