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IT&C - A Job-Creating Industry during Crisis

Ilie Constantin Florea ()
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Ilie Constantin Florea: The Bucharest University of Economic Studies

Ovidius University Annals, Economic Sciences Series, 2015, vol. XV, issue 2, 86-91

Abstract: The IT&C industry (Information Technology and Communications) makes Romania one of the main attractions among European countries, and this industry is considered by the authorities as strategic for the development of the national economy because of its potential to generate economic growth, modernize the society and create new jobs each year. The global financial crisis may have hit the Romanian economy hard, but one sector has managed to recover after the shock before all the others. Many casualties appeared in the real economy during recession (not just in the financial sector), but the IT&C sector continued to employ a larger number of professionals year after year. It was truly the golden sector of the economy. This paper analyzes the local IT&C industry (in particular the software and services sector) and compares it with the global perspectives in order to better paint the picture of a job-creating industry during crisis.

Keywords: Information Technology; Job Creation; Innovation (search for similar items in EconPapers)
JEL-codes: L86 (search for similar items in EconPapers)
Date: 2015
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