The Deterioration of the Economic Environment and the Regional Redistribution of the Human Capital Stock in Romania

AbstractThe present paper will present the migratory trend of the eight development regions of Romania and its effect on the human capital endowment. The strong inter-regional migration generates huge development gaps, disfavors the lower developed regions in attracting foreign investments and forces the public authorities to make additional efforts in order to insure the social protection. We will determine these correlations, suggesting some public policy measures useful to reestablish the equilibrium. The importance of such measures is higher in the context in which, in future, Romania will have to obey the European Agreement of Fiscal Union and to reduce the exceeding budgetary expenditures