The Impact of Labor Migration on the Competitiveness of the Romanian Economy

In this paper we wanted to highlight the impact of labor migration on the competitiveness of the Romanian economy. Romania's EU integration has many benefits, meaning that it has opened the gates to new jobs. Usually people leave their native places for economic reasons, looking for better paid jobs or simply to escape from poverty. The majority of people who emigrate are young people, many of them having a senior professional level. This fact contributes to increasing the average age in their home countries, increasing the mortality rate and decreasing the birthrate. At these aspects should be added the moments of social tension created between the local population and the newcomers, resulting in a strong competition between those who provide labor at a determined price and the others who decrease the level of remuneration far below the level of existing market. Such situations often determine conflicts, which are difficult to be solved, between the local population and the newcomers. To achieve our goal, in the first part of the paper, we presented the current problems of migration on the labor market and a quantitative analysis of the migratory flows on the labor market in Romania. In the last part of the paper are highlighted the effects of labor migration on the economy and the impact that they have on the competitiveness of the Romanian economy. The globalization of markets has led to new dimensions of improving competitiveness, such as specialization and adaptation to new requirements of companies caused by technical progress.