Proceedings of the 18th International Academic Conference, London

BULGARIAN EXPERIENCE IN LABOR MARKET DEVELOPMENT

VENELIN TERZIEV, EKATERINA ARABSKA

Abstract:

The political changes of the early 90-s of the twentieth century in Bulgaria lay the foundations for the development of a real labor market and major reforms in the hitherto existing social protection systems and the development of human capital. The transition from a centrally planned to a market economy in Bulgaria results in huge transformations in the ownership and structure of the national economy. These processes lead to a significant downturn in the functioning of the national economy. In these adverse economic conditions, the development of the labor market and social protection policies go through many turns due to the inconsistent policy of frequently changing governments and their different attitude towards policies on unemployment and employment. Further, the entrance of the country into the European Union challenged again the still developing economy and social system which soon after that are deeply influenced by the economic crises. The study presented outlines the main characteristics of different periods of labor market development making analyses of the statistical data available and it provides conclusions on the topic in close connection to the development of economic and social policies.

Keywords: employment; unemployment; labor; social; policy; development

DOI: 10.20472/IAC.2015.018.124

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