Balkan and Eastern European Countries in the Midst of the Global Economic Crisis

2013 ◽  
Author(s):  
Selda Gorkey

This study examines the impact of the 2008 economic crisis on youth unemployment and NEETs in the Central and Eastern European Countries (CEECs). It also analyses structural labor market problems in these economies such as youth unemployment by duration and skill, labor underutilization, and mismatch. The findings show that youth unemployment and NEET rates were more sensitive to the crisis in the CEECs compared to those in the EU-28. The highest increases were experienced in Latvia, Lithuania, Estonia, and Croatia for youth unemployment; and in Bulgaria, Latvia, Croatia, and Romania for youth NEETs. The NEET rates of 15-29 ages emerged as a more crucial issue than that of 15-24 ages. The examination of labor market structural problems shows that most of the relevant proxies worsened after the crisis in the CEECs; however, the proxies for Croatia were higher than the others. Romania, Bulgaria, and Slovak Republic also signal some structural problems, to a lesser extent.


Author(s):  
Tobias Spöri ◽  
Felix Jaitner

Since the outbreak of the financial and economic crisis in 2008, Eastern European countries have been affected severely by the crisis through intensified austerity measures, higher unemployment rates, and increasing dissatisfaction with democracy. Against this backdrop, the region has experienced several large-scale protest movements in recent years. The paper critically assesses the state of the art on political participation in Eastern Europe. Special attention is paid to the still underplayed effects of the global economic crisis. Subsequently, the question is raised whether the increased number of protests indicates a deeper societal crisis. Thereby, the authors conclude, Eastern Europe serves to a certain extend as a trendsetter for similar developments in other parts of Europe.


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