“YESTERDAY’S” NATALITY – “TOMORROW’S” WORKFORCE
              Roxana Mihaela Pivodă, “Spiru Haret” University Constanţa
                Camelia Boarcăş, “Spiru Haret” University Constanţa

ABSTRACT: It is not surprising that the present world crisis has strongly affected
Romania - in many different sectors of the economic, political, social, financial life, etc.
As an answer to the economic crisis, which we are all affected by, different strategies,
reforms and models of economic growth are worked out, yet no one talks about what is
maybe the most important aspect - that of the human stock.
The possible explanations behind the economic crisis are multiple and very much
discussed, but what is not much taken into consideration is the drastic decrease of the
population and its significant tendency to grow old. The natality decrease, in time, leads
to the reduction of the consumptive society, to the supply diminution, and as a
consequence, we can state that the degradation of the demographic processes, as a
matter of fact, represents the basis of the economic crisis.

Key words: human stock, the pyramid of ages, the demographic transition

JEL codes: J00