Online

Romania Workforce Development

Romania has made considerable progress in recent years towards reducing macroeconomic imbalances. Such reductions, together with monetary policies and structural reforms, either implemented or in progress, have contributed to maintaining macroecono...

Full description

Saved in:
Bibliographic Details
Main Author: World Bank
Format: Online
Language:English
Published: World Bank, Washington, DC 2017
Subjects:
Online Access:http://documents.worldbank.org/curated/en/147031513776857610/SABER-workforce-development-country-report-Romania-2017
https://hdl.handle.net/10986/29102
_version_ 1866368701606920192
author World Bank
author_facet World Bank
author_sort World Bank
collection Colección Documentos Técnicos
description Romania has made considerable progress in recent years towards reducing macroeconomic imbalances. Such reductions, together with monetary policies and structural reforms, either implemented or in progress, have contributed to maintaining macroeconomic and financial stability. After the budget deficit peaked in 2009‐2011 in the context of the economic and financial crisis, Romania’s economy then started to recover, at first with a modest annual GDP growth rate of less than 1 percent, but increasing over the period 2013‐2015 to an average of 3.4 percent. The unemployment rate, however, remained constant at below 7 percent, while investments continued to rise, reaching 23.7 percent of GDP in 2015, which was the highest in the EU. Education policies and those aimed at increasing the quality of the workforce are paramount for combating poverty and supportingeconomic growth.The results, as contained in this report, are based on a new World Bank tool designed for this purpose. Known as SABER‐WfD, the tool is part of the World Bank’s initiative on Systems Approach for Better Education Results (SABER) whose aim is to provide systematic documentation and assessment of the policy and institutional factors that influence the performance of education and training systems. The SABER‐WfD tool encompasses initial, continuing and targeted vocational education and training that are offered through multiple channels, and focuses largely on programs at the secondary and post‐secondary levels.
format Online
Technical Paper
id wb-10986-29102
institution Banco Mundial
language English
publishDate 2017
publisher World Bank, Washington, DC
record_format dspace
spelling wb-10986-291022025-04-10T15:28:58Z Romania Workforce Development SABER Country Report 2017 World Bank SKILLS DEVELOPMENT TECHNICAL EDUCATION VOCATIONAL EDUCATION TECHNICAL TRAINING TVET LABOR MARKET TRAINING Romania has made considerable progress in recent years towards reducing macroeconomic imbalances. Such reductions, together with monetary policies and structural reforms, either implemented or in progress, have contributed to maintaining macroeconomic and financial stability. After the budget deficit peaked in 2009‐2011 in the context of the economic and financial crisis, Romania’s economy then started to recover, at first with a modest annual GDP growth rate of less than 1 percent, but increasing over the period 2013‐2015 to an average of 3.4 percent. The unemployment rate, however, remained constant at below 7 percent, while investments continued to rise, reaching 23.7 percent of GDP in 2015, which was the highest in the EU. Education policies and those aimed at increasing the quality of the workforce are paramount for combating poverty and supportingeconomic growth.The results, as contained in this report, are based on a new World Bank tool designed for this purpose. Known as SABER‐WfD, the tool is part of the World Bank’s initiative on Systems Approach for Better Education Results (SABER) whose aim is to provide systematic documentation and assessment of the policy and institutional factors that influence the performance of education and training systems. The SABER‐WfD tool encompasses initial, continuing and targeted vocational education and training that are offered through multiple channels, and focuses largely on programs at the secondary and post‐secondary levels. 2017-12-28T20:42:07Z 2017-12-28T20:42:07Z 2017-11-01 Technical Paper Document technique Documento técnico http://documents.worldbank.org/curated/en/147031513776857610/SABER-workforce-development-country-report-Romania-2017 https://hdl.handle.net/10986/29102 10.1596/29102 English Systems Approach for Better Education Results; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank application/pdf text/plain World Bank, Washington, DC
spellingShingle SKILLS DEVELOPMENT
TECHNICAL EDUCATION
VOCATIONAL EDUCATION
TECHNICAL TRAINING
TVET
LABOR MARKET
TRAINING
World Bank
Romania Workforce Development
title Romania Workforce Development
title_full Romania Workforce Development
title_fullStr Romania Workforce Development
title_full_unstemmed Romania Workforce Development
title_short Romania Workforce Development
title_sort romania workforce development
topic SKILLS DEVELOPMENT
TECHNICAL EDUCATION
VOCATIONAL EDUCATION
TECHNICAL TRAINING
TVET
LABOR MARKET
TRAINING
url http://documents.worldbank.org/curated/en/147031513776857610/SABER-workforce-development-country-report-Romania-2017
https://hdl.handle.net/10986/29102
work_keys_str_mv AT worldbank romaniaworkforcedevelopment
AT worldbank sabercountryreport2017