Building economic resilience vs. labour market disruption
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2023-12-10 08:17
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331.5.024+5 (1)
Piața muncii. Piața brațelor de muncă (468)
MATEMATICĂ. ȘTIINȚE NATURALE (12620)
SM ISO690:2012
VASILE, Valentina, SURUGIU, Marius Răzvan, MAZILESCU, Raluca, SURUGIU, Camelia, VASILE, Răzvan. Building economic resilience vs. labour market disruption. In: Creşterea economică în condiţiile globalizării, Ed. 16, 12-13 octombrie 2022, Chișinău. Chisinau, Moldova: INCE, 2022, Ediția 16, p. 7.
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Dublin Core
Creşterea economică în condiţiile globalizării
Ediția 16, 2022
Conferința "Creşterea economică în condiţiile globalizării"
16, Chișinău, Moldova, 12-13 octombrie 2022

Building economic resilience vs. labour market disruption

CZU: 331.5.024+5
JEL: F16, G01.

Pag. 7-7

Vasile Valentina1, Surugiu Marius Răzvan1, Mazilescu Raluca1, Surugiu Camelia2, Vasile Răzvan3
 
1 Institute of National Economy, Romanian Academy,
2 University of Bucharest,
3 National Institute for Economic Research “Costin C. Kiritescu” (INCE), Romanian Academy
 
 
Disponibil în IBN: 25 octombrie 2022


Rezumat

Crises, regardless of their nature (either financial or medical), have a major, asymmetrical and long-term influence on the business environment, producing significant, complex disruption. Economic resilience means not only recovery, but a remodeling of balances, a "new normal". The paper analyzes the effects of the crises of 2008-09 and 2020-21 on the labor market and economic recovery, starting from the critical analysis of the intervention in crisis management through public policies. The group of selected states (EU-27), although it is part of an integrative structure of development policies and targets, presents significant national differences (level of development, balances on the labor market, structure of the business environment by activities, regional integration through trade, etc.). The analysis focuses on measuring the effects of the crisis on some adjustment factors of development efficiency, namely the unemployment rate, the NEET rate, the job vacancy rate, GDP/capita and trade openness. The obtained results show us the risks and vulnerabilities of the post-crisis economic recovery uncorrelated with social resilience and sustainable development. Support policies are necessary, but they should be appropriate to local characteristics, their partial implementation or the ineffectiveness of the proposed adjustment measures leading to divergent/adverse effects of the allocation of national resources and human capital, to slippages, often irreversible, in capitalizing on the country's comparative advantages for development.

Cuvinte-cheie
labor market, crisis, Trade, resilience.