Migration and (Macro) Economic Risks – Romania's Case

Migration is one of the predominant phenomena in debating core issues of politics, economy, and society at the beginning of the 21st century. In order to understand the complexity of this phenomenon, it is necessary to investigate its main determinants that maintained from a historical perspective some of the characteristics from the beginning of the 20th century; however, at increased complexity, in the context of constant changes of geopolitical and economic regional configurations. The European enlargement towards the central and eastern part of the continent brought about also changes regarding increased demographic and economic risks in the absence of global migration governance, but also due to the frailty of national institutions in the field of migration and labor market. The paper intends to briefly enumerate main (macro)economic and demographic risks for Romania by underpinning the contribution of institutional factors to improving the management of this phenomenon at a national level.