The impact of the current financial and economic crisis on the European labor market – an approach based on a new paradigm in the labor field
In this article I followed two directions simultaneously. The first direction analyzes the structure of the European labor market, the evolution of the unemployment and the relationship between the labor market and globalization in the economic downturn context. The second one evaluates the financia...
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| Format: | Article |
| Language: | English |
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General Association of Economists from Romania
2014-06-01
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| Series: | Theoretical and Applied Economics |
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| Online Access: |
http://store.ectap.ro/articole/993.pdf
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| Summary: | In this article I followed two directions simultaneously. The first
direction analyzes the structure of the European labor market, the evolution of the
unemployment and the relationship between the labor market and globalization in
the economic downturn context. The second one evaluates the financial and
economic crisis’s consequences on international migration to and from Europe and
on occupational mobility within the European Union. Overall, while taking
advantage of free movement, migrants appeared from extension of the European
Union represent a flexible and valuable resource that can act as a buffer during
economic imbalances. Repeated migration is expected to reduce the negative
impact of the crisis, leading to brain circulation rather than brain drain and a
more efficient allocation of resources within the European Union. Labor market
starts to recover slowly after a huge drop in economic activity, but yet in the
context of economic growth, the unemployment rate remains low (especially among
youth) compared to pre-crisis level of this indicator.
The purpose of this paper is to highlight the need for improved employment
policies, by creating more and better jobs, while providing an appropriate
response to the challenges of demographic aging and of the intensified global
competition within a new paradigm of the economy of knowledge. |
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| ISSN: | 1841-8678 1844-0029 |