Labour ⚒️ Market Transformation in Transition Economies

Labour ⚒️ Market Transformation in Transition Economies

👓 Avdullah Hoti
Labour ⚒️ Market Transformation in Transition Economies

Labour ⚒️ Market Transformation in Transition Economies

✅ As the system of command economy broke up ⬆️, profound changes took place in Central and ➕ Eastern Europe 🌍️. The output changes involved a sharp 📌🗡️ decline followed by a recovery. Being virtually zero 0️⃣ in the previous system, unemployment reached double ⏩️-digits and ➕ in some countries it has stabilized at high levels 🎚️, with the young 👶 and ➕ low 🔅-educated people 👥 being the hardest-hit 🎯 groups. Due to the enterprise restructuring, many people 👥 moved from state to private sector with unemployment as the buffer zone. This study provides evidence 🧾 that there is no fit- for all policy to handle unemployment during transition. The economic growth 📈 is the only long- term solution to unemployment. Examining the case of Albania ​🇦🇱​ and ➕ Bulgaria ​🇧🇬​, the study finds 🔎 that the current unemployment rate 🐀 is determined not ❌️ only by economic conditions within the country, but also by emigration of the labour ⚒️ force and ➕ non- participation. The existing policies fail to produce the desired results, due largely to a lack of coordination with the labour ⚒️ demand. The study provides a brief review of the labour ⚒️ market in Kosova and ➕ also develops 👨‍💻️ some policy recommendations.



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