2014 | 3/2 | 189-198
Article title

Wpływ globalnego kryzysu fi nansowego na sytuacj rynku pracy w państwach bałtyckich (Litwa, Łotwa i Estonia)

Title variants
The Impact of the Global Financial Crisis on the Labor Market in the Baltic States (Lithuania, Latvia and Estonia)
Languages of publication
Contemporary economic crisis that occurred in 2008–2009, was one of the biggest crises, which has affected the global economy. The crisis began in the United States, then swept through most of the countries in the world, especially highly developed. In Europe most affected by the crisis were Baltic States (Estonia, Latvia and Lithuania). The consequences of this event was, among others, a decline in production and the collapse of the labor market in this area. The purpose of this article is to compare the gross domestic product, unemployment rate and the employment rate among the smallest economies in Europe. Labor market problems in the Baltic Sea are becoming more important from the point of view of EU enlargement. With the opening of the borders of the “old 15” have begun a mass migration of people in searching of higher wages and better work which led to the drain of local labor markets and the decline of skilled workforces.
Physical description
  • Adamczyk A., Współczesny kryzys finansowy-przyczyny i konsekwencje dla gospodarki światowej, Wydawnictwo Uniwersytetu Wrocławskiego, Wrocław 2012.Ĺslund A., Dombrovskis V., How Latvia Came through the Financial Crisis, Peter G. Peterson Institute for International Economics 2011.Gruževskis B., The Lithuanian Economy – Growth without Jobs, European Economic and Social Committee 2013.Hazans M. Philips K., The Post-Enlargement Migration Experience in the Baltic Labor Markets, Discussion paper series//Forschungsinstitut zur Zukunft der Arbeit 2011, no. 5878. A., Economic and Social Situation on the Baltic States: Estonia, European Economic and Social Committee, Tallinn Technical University, Tallinn 2013.Rynek pracy w obliczu kryzysów gospodarczych, Kraków 2009, S., Who is Hit Hardest during a Financial Crisis? The Vulnerability of Young Men and Women to Unemployment in an Economic Downturn, IZA Discussion Papers, no. 4359.Tanning L., Tanning T., Companies Working Effi ciency before and after the Economic Crisis of the Latvia Example, „Global Advanced Research Journal of Management and Business Studies” 2013, vol. 2 (3).
Document Type
Publication order reference
YADDA identifier
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