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Labor market in Romania and Germany – comparative analysis in the context of macroeconomic stability and knowledge management

Author

Listed:
  • Alin Ioan CRETU

    (Academy of Economic Studies)

  • Laurentiu TESCAN

    (Academy of Economic Studies)

Abstract

In Romania – like everywhere in the, world - labor demand is directly related to the macroeconomic and political stability in the country. By default strong investors are attracted to this stability. To this, it is obvious that the provision of reduced tax rates simultaneously with a series of technical conditions concerning transport and energy infrastructures. Of course, a well-trained workforce in optimal wage conditions. An essential contribution to the area of regional development and to the increase in the professional level of human resources, of course, is the use of knowledge management as a basic strategy and tool.

Suggested Citation

  • Alin Ioan CRETU & Laurentiu TESCAN, 2019. "Labor market in Romania and Germany – comparative analysis in the context of macroeconomic stability and knowledge management," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 20(3), pages 323-342, July.
  • Handle: RePEc:rom:rmcimn:v:20:y:2019:i:3:p:323-342
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    More about this item

    Keywords

    macroeconomic and political stability; low taxing; professional HR; knowledge management; honest political class; selfishness in government.;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General
    • M12 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Personnel Management; Executives; Executive Compensation
    • M52 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Compensation and Compensation Methods and Their Effects
    • M54 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Personnel Economics - - - Labor Management

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