INTERNATIONAL MIGRATION OF THE POPULATION UNDER THE COVID PANDEMIC

Brindusa Radu and Mariana Balan ()
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Mariana Balan: Institute for Economic Forecasting, NIER, Romanian Academy

Internal Auditing and Risk Management, 2021, vol. 61, issue 1, 32-38

Abstract: The COVID-19 pandemic is an unprecedented challenge, with very severe socio-economic consequences. We are committed to doing everything necessary to meet this challenge in a spirit of solidarity (Buck, Arnold, Chazan, Cookson, 2020). A coordinated and comprehensive strategy is needed to address urgent health needs, support economic activity and prepare the ground for recovery. This strategy should combine short, medium and long-term initiatives, taking into account the spreads and links between our economies and the need to maintain confidence and stability. Several measures have already been taken at national and EU level, as set out in the Eurogroup statement, in an inclusive format from 16 March. Medium-term and longer-term planning is needed for how the economy is rebalanced and revived following this crisis. A comprehensive socio-economic development plan, including sectoral sectoral plans and an ecosystem that encourages entrepreneurship so that those with strong and sustainable business models can flourish. Governments and financial institutions need to constantly reassess the situation and ensure that things do not get out of hand (Marek, 2020).

Keywords: Labor force migration; development; COVID-19 (search for similar items in EconPapers)
JEL-codes: C33 J1 J61 (search for similar items in EconPapers)
Date: 2021
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