Unemployment Risks and Reactions

Abstract

Unemployment is a major social risk all over the globe. Even in East Asia where this phenomenon did not practically exist in the beginning of the nineties, the financial crisis brought it to the fore of public concerns. In other parts of the world unemployment is high and persistent. Indeed, due to global trends of technological and economic restructuring the issue of unemployment and especially of long-term unemployment is getting more and more relevant in economic, political and social terms.