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
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

Summary/Abstract: In this article I followed two directions. The first direction analyzes the structure of the european labor market and the relationship between the labor market and globalization in the economic downturn context. The second one evaluates the crisis’ economic consequences on international migration and on occupational mobility within the European Union. Overall, while taking advantage of free movement, migrant workforce represent a flexible resource that can act as a buffer during economic imbalances. Repeated migration is expected to reduce the negative effects of the crisis and to lead to „brain circulation” rather than „brain drain” and to a more efficient allocation of resources within the European Union. The purpose of this article 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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