THE LABOUR MARKET AND THE SOCIAL SECURITY SYSTEMS IN THE CONTEXT OF ECONOMIC CRISIS

The globalization phenomenon and the creation of an economically and structurally strong Europe could not last forever. Knowing the economic phenomena’ cyclicity, the following question arises: Which will be the starting point of a new global crisis? Identifying the causes and culprits upon which the international committees and economic and political analysts focus on, we briefly deal with them in this article, because it is essential to concentrate on the measures and the crisis impact over social security. The goal of this article is to illustrate the crisis impact over the social security and labour market fields, the measures took in this field in Europe, around the world and in Romania. We bring in a synoptic table of the causes, effects, measures taken and incurring tendencies. The labour market’s issues and the Social Security System’s difficulties can be solved by vigorous measures, of which the authors recommend the ones resulting from the comparative study realized on a group of European countries and from Romania’s economic tendencies. How will the new economy look like, which will the new world leaders be, these do not matter for the small and vulnerable economies. We conclude that intelligence and professional qualification should outrun over the measureless accumulation of wealth and properties, which in our opinion means that a global economic crisis has its purpose and that it was predictable.