THE ECONOMIC AND SOCIAL IMPACT OF LABOR MIGRATION
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Authors:
• Brînduşa Mihaela RADU, email: bmradu@yahoo.com, Afiliation: Athenaeum University, Bucharest, RomaniaPages:
• 32|54 -
Abstract:
The decision of Romanians to head for the European labor market, in particular, is influenced by a series of factors. First of all, the country’s national economic potential has been in continuous decline over the last twenty years, as have the incomes of the majority of the population. We also have the liberalization of the labor market at a global level, which has encouraged Romanians to opt for international migration. At the international level, external migration has left its mark on the structure of the labor market through immigrants and emigrants. If we discuss the impact of emigrants on the labor market, there are countries such as the USA, Australia, and Canada, which have always relied on such resources, practically human capital. In general, the country from which they emigrated has benefited from these international emigrations, as the economic situation has improved due to income sent from abroad and invested in the country. I have chosen this topic because labor migration represents one of the most important economic and social phenomena in contemporary Romania. In recent decades, our country has been strongly affected by migration flows, with millions of Romanians leaving abroad in search of better working conditions and a more decent life. This massive migration has complex effects on the national economy, the labor market, the pension system and social cohesion. On the one hand, remittances sent by emigrants contribute to the economic stability of families left behind. On the other hand, Romania is facing a decline in the skilled workforce and significant demographic imbalances. Through this paper, I propose to analyze the causes and effects of this phenomenon, to highlight its implications for Romania’s development, and to explore possible solutions for managing and reducing the negative impact of migration on the Romanian economy and society. Also, this topic is particularly relevant in the context of globalization and European integration, where labor mobility is becoming increasingly accentuated.
