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Social Effects of Economic Crisis: Risk of Exclusion. An Overview of the European Context

Author

Listed:
  • Isabel Novo-Corti

    (Economic Development and Social Sustainability Research Group (EDaSS), Department of Economics —Universidade da Coruña—Spain, Campus de Elviña, s/n, 15071 A Coruña, Spain)

  • Diana-Mihaela Țîrcă

    (Faculty of Economics, “Constantin Brâncuși” University of Târgu-Jiu, Tineretului Street, No. 4, 210185 Targu-Jiu, Romania)

  • Magdalena Ziolo

    (Faculty of Economics and Management, Institute of Finance, Department of Finance, University of Szczecin, ul. Mickiewicza 64, 71-307 Szczecin, Poland)

  • Xose Picatoste

    (Department of Economic Structure and Economic Development, Universidad Autónoma de Madrid, 5-Canto Blanco, 28049 Madrid, Spain)

Abstract

Sustainability is a complex concept. It only can be achieved from a global perspective, where social, economic and environmental issues are all key factors for achieving the goal. This paper is focused on the importance of social sustainability and, as a consequence, the importance of avoiding each and everyone’s risk of poverty and exclusion as due to the recent crisis effects. Nevertheless, this crisis resulted in higher inequalities and put a lot of people at risk of poverty, even in “developed” countries. Through a statistical and econometric analysis, some of the key factors to which the European Union should aim to avoid unsustainable scenarios are analysed. A regression, factorial and cluster analysis is carried out and this leads to conclude that the labour market is key in promoting economic policies in order to achieve social sustainability.

Suggested Citation

  • Isabel Novo-Corti & Diana-Mihaela Țîrcă & Magdalena Ziolo & Xose Picatoste, 2019. "Social Effects of Economic Crisis: Risk of Exclusion. An Overview of the European Context," Sustainability, MDPI, vol. 11(2), pages 1-17, January.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:2:p:336-:d:196717
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    References listed on IDEAS

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    Cited by:

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    2. Alexandru Avram & Flavia Maria Barna & Miruna Lucia Năchescu & Costin Daniel Avram & Roxana Loredana Avram, 2020. "Responsible Governance and the Sustainability of Populist Public Policies. The Implications of Wage-Led Growth Strategy in Romania," Sustainability, MDPI, vol. 12(7), pages 1-21, April.
    3. Wenzhi Zheng & Yuting Lou & Yu Chen, 2019. "On the Unsustainable Macroeconomy with Increasing Inequality of Firms Induced by Excessive Liquidity," Sustainability, MDPI, vol. 11(11), pages 1-22, May.
    4. Iuliana Mihai & Isabel Novo‐Corti, 2022. "An exploratory analysis of the interactions between the determinants of migratory flows," Papers in Regional Science, Wiley Blackwell, vol. 101(1), pages 163-182, February.
    5. Beatriz Rodríguez-Sánchez & Luz María Peña-Longobardo & Juan Oliva-Moreno, 2022. "The employment situation of people living with HIV: a closer look at the effects of the 2008 economic crisis," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 23(3), pages 485-497, April.
    6. Mimica R. Milošević & Miloš M. Nikolić & Dušan M. Milošević & Violeta Dimić, 2022. "Managing Resources Based on Influential Indicators for Sustainable Economic Development: A Case Study in Serbia," Sustainability, MDPI, vol. 14(8), pages 1-20, April.
    7. Inês Casquilho-Martins, 2021. "The Impacts of Socioeconomic Crisis in Portugal on Social Protection and Social Work Practices," Sustainability, MDPI, vol. 13(23), pages 1-14, November.

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