The flexibility of the labour markets in the EU and the EMU: opportunities and challenges in the social field in the preparation of Bulgaria to join the EMU
The flexibility of the labour markets in the EU and the EMU: opportunities and challenges in the social field in the preparation of Bulgaria to join the EMU

Author(s): Tatiana Houbenova-Delisivkova
Subject(s): Economy, Supranational / Global Economy, Human Resources in Economy
Published by: Нов български университет
Keywords: economic integration; economic and monetary union; labour market’s flexibility; active labour market policies; economic governance
Summary/Abstract: The paper examines the importance of the flexibility of labour markets in the building up of the Economic and Monetary Union (EMU) of the EU and the challenges for Bulgaria in preparation to join the Eurozone. The thesis is formulated for the preservation in the EU of the direct dependence of the flexibility of the labour markets on the national choice of the Eurozone member countries in the progress in the evolution of the concept of the flexibility of the labour markets in the EU, including the new directions of its application in the economic management of the Union. Lessons are drawn for Bulgaria, taking into account the active policies of the labour markets of the Baltic countries as members of the EMU. It is emphasized that the policy of flexibility and security of the labour markets occupies an important place in the process of the economic transformation in the EU towards a new paradigm of development and growth, which will strengthen further the competition between the member states in the application of approaches and measures for the flexibility of the labour markets as buffers of the shocks and risks accompanying modern economies. It has been proven that the liberalization reforms in the EU27 in favor of the flexibility of the labour markets have contributed to the structural adjustment of the national economies and the growth of employment.

• Details
• Contents