Romania Workforce Development : SABER Country Report 2017
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...
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| Format: | Technical Paper |
| Language: | English |
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/147031513776857610/SABER-workforce-development-country-report-Romania-2017 http://hdl.handle.net/10986/29102 |
| Summary: | 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. |
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