30–31 May 2025
Sibiu, Romania
Europe/Bucharest timezone

Economic Governance and Labor Resilience in Romania: Strategies for a Competitive and Adaptable Labor Market

Not scheduled
10m
Sibiu, Romania

Sibiu, Romania

Mercure Sibiu Arsenal, Bulevardul Victoriei 48, Sibiu 550024
Online Economic Growth

Speaker

Raluca Esmeralda Orban (Bucharest University of Economic Studies)

Description

Abstract: This paper examines Romania’s economic strategies and their impact on enhancing labor market flexibility and efficiency in the face of contemporary challenges such as global economic volatility, technological disruption, and demographic shifts.Specifically, the paper evaluates Romania’s capacity to align its labor market policies with the evolving needs of a dynamic labor market while considering the balance between flexibility (adaptation to changes) and efficiency (optimal use of labor and resources).
This research adopts a qualitative methodology, combining policy analysis with empirical data review and institutional evaluations. Key national do, such as Romania’s National Employment Strategy, labor code reforms, and EU convergence programs, are analyzed to evaluate how these frameworks have shaped labor market outcomes. In add, macroeconomic indicators sourced from Eurostat and National Statistical Institute provide empirical grounding.
Preliminary findings suggest that while Romania has made progress in some areas, challenges remain in achieving true labor flexibility and efficiency.However, labor market flexibility remains uneven across sectors and regions, particularly in rural areas, where structural constrains such as skills mismatches, limited infrastructure, and low inter-regional mobility persist. Additionally, there is a pronounced duality in the labor market, with a significant gap between core and perpheral workers. This segmentation is furter exacerbated by informal employment practives that often undermine job security and contribute to job insecurity, particularly in agriculture, construction and servicies.
Challenges such as the mismatch between educational outcomes and labor market demands remain. High rates of early school leaving, low participation in adult learning, and fragmented coordination between educational institutions and employers hinder the development of a coherent lifelong learning system.
This paper contributes to the understanding of the interplay between economic strategies and labor market dynamics in Romania.The study emphasized the need for more integrated economic strategies that transchend fragmented approaches and address the structural weaknesses of the labor market.Policy efforts shoud focus on bridging the gap between education and labor market needs, promoting lifelong learning, and ensuring equitable access to training programs, especially for marginalized groups.The findings underscore the importance of institutional adaptability, digital transformation, and a comprehensive governance model to overcome existing structural constraints.
In conclusion, the paper calls for a sustainable, inclusive approach to labor market reform that balances flexibility with security, promotes innovation, and addresses social inequalities.

Primary author

Raluca Esmeralda Orban (Bucharest University of Economic Studies)

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