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What Is Romania Economy Watch?
Romania Economy Watch is a weblog dedicated to following the day to day progress of the Romania economy. The Weblog arose out of my curiosity about the roots of the particular mix of economic problems which Romania is facing, and about what might be learnt from studying these as they evolve.
Romania is faced with a historically unprecedented combination of structural problems stemming from an extraordinarily high inward flow of funds (producing excessive consumer demand) accompanied by an equally high outflow of labour (creating insufficient labour supply). The impact of the migration outflow is further aggravated by the low number of young labour market entrants which can be anticipated over the coming years following the collapse in fertility and live births post 1990.
The issue is further complicated by the fact that the Romanian economy needs to generate very rapid "catch up" growth if Romania is to become rich before she becomes old, and thus achieve a standard of living which will make supporting the increasing number of elderly dependents both viable and sustainable.
Needless to say none of these problems were ever really contemplated in the economic text books. Dealing with this whole problem set - and it is one which in one way or another is typical of what we may expect to see across Eastern Europe as a whole - has become a most pressing concern, both theoretically and practically.
A great deal more background and information about the theoretical perspective which informs this blog may be found over at the Demography Matters
blog.
Romania is faced with a historically unprecedented combination of structural problems stemming from an extraordinarily high inward flow of funds (producing excessive consumer demand) accompanied by an equally high outflow of labour (creating insufficient labour supply). The impact of the migration outflow is further aggravated by the low number of young labour market entrants which can be anticipated over the coming years following the collapse in fertility and live births post 1990.
The issue is further complicated by the fact that the Romanian economy needs to generate very rapid "catch up" growth if Romania is to become rich before she becomes old, and thus achieve a standard of living which will make supporting the increasing number of elderly dependents both viable and sustainable.
Needless to say none of these problems were ever really contemplated in the economic text books. Dealing with this whole problem set - and it is one which in one way or another is typical of what we may expect to see across Eastern Europe as a whole - has become a most pressing concern, both theoretically and practically.
A great deal more background and information about the theoretical perspective which informs this blog may be found over at the Demography Matters
blog.
Edward's Website
Edward's Catalan Blog
Eastern Europe Related Blogs
Claus Vistesen East Europe Related Posts
Lithuania Under the Loop
Poland and Eastern Europe Revisited
Running Out of Capacity in Central and Eastern Europe
End of the Road in Lithuania?
Addressing Labour Shortages in Estonia
Migration in the Baltics
Pragmatism in Poland
Demographics in Russia and Eastern Europe
Migration in Eastern Europe, Getting It Right?
Catching Up?
Poland and Eastern Europe Revisited
Running Out of Capacity in Central and Eastern Europe
End of the Road in Lithuania?
Addressing Labour Shortages in Estonia
Migration in the Baltics
Pragmatism in Poland
Demographics in Russia and Eastern Europe
Migration in Eastern Europe, Getting It Right?
Catching Up?
demography.matters.blog
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Structural Aspects of German Export Dependence Part One
Structural Aspects of German Export Dependence Part Two
Serbia, That Incredible Shrinking Country
Iceland's Smeltering Economy
Estonia's Economy in Perspective
Macroeconomic Adjustment in the Euro Area: The Irish Case
France - Europe's New Sick Man?
Eurozone - Continuing The Hike?
Ageing in Germany - An Important Impact
The Eurozone - A Structural Assessment
Structural Aspects of German Export Dependence Part Two
Serbia, That Incredible Shrinking Country
Iceland's Smeltering Economy
Estonia's Economy in Perspective
Macroeconomic Adjustment in the Euro Area: The Irish Case
France - Europe's New Sick Man?
Eurozone - Continuing The Hike?
Ageing in Germany - An Important Impact
The Eurozone - A Structural Assessment
Ageing Related Posts
About
Edward 'the bonobo' is a Catalan economist of British extraction based in Barcelona. By inclination he is a macro economist, but his obsession with trying to understand the economic impact of demographic changes has often taken him far from home, off and away from the more tranquil and placid pastures of the dismal science, into the bracken and thicket of demography, anthropology, biology, sociology and systems theory. All of which has lead him to ask himself whether Thomas Wolfe was not in fact right when he asserted that the fact of the matter is "you can never go home again".
He is currently working on a book with the provisional working title "Population, the Ultimate Non-renewable Resource".
Apart from his participation in A Fistful of Euros, Edward also writes regularly for the demography blog Demography Matters. He also contributes to the Indian Economy blog . His personal weblog is Bonobo Land . Edward's website can be found at EdwardHugh.net.
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