PhD Senior Lecturer Cristina Boboc
PhD Professor Emilia Ţiţan
PhD Lecturer Daniela Todose
Academy of Economic Studies, Bucharest
Abstract
Romanian economy’s transition process began suddenly and was accompanied by disintegration of former political and economic system. In terms of GDP per capita, Romania has been one of the poorest countries in Central and Eastern Europe. Also, the Romanian economy was one of the most agrarian economies in Europe. Completely isolated from the informational point of view, Romania had a fully centralized economic system. Beginning of transition was completely chaotic, especially because of the complexity of integrating the fundamentals of democracy and market economy. Internal problems, instability, political corruption or lack of appropriate reforms have led to a difficult restructuring and privatization process.
In this paper we present and analyze the tendencies and vulnerabilities on Romanian labor market between 19991 and 2009 versus EU member states. There were identified three shocks with major social impact on Romanian economy: the revolution in December 1989; the EU accession in January 2007 and the world economic crisis began in 2007. These three structural shocks have deeply influenced and still do the evolution of Romanian labor market.
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