Social Effects of Economic Crisis: Risk of Exclusion. An Overview of the European Context

• Main Authors: Isabel Novo-Corti, Diana-Mihaela Țîrcă, Magdalena Ziolo, Xose Picatoste
• Format: Article
• Language: English
• Published: MDPI AG 2019-01-01
• Series: Sustainability
• Subjects: social sustainability; risk of poverty; risk of exclusion; social protection; economic crisis
• Online Access: http://www.mdpi.com/2071-1050/11/2/336

Sustainability is a complex concept. It only can be achieved from a global perspective, where social, economic and environmental issues are all key factors for achieving the goal. This paper is focused on the importance of social sustainability and, as a consequence, the importance of avoiding each and everyone’s risk of poverty and exclusion as due to the recent crisis effects. Nevertheless, this crisis resulted in higher inequalities and put a lot of people at risk of poverty, even in “developed” countries. Through a statistical and econometric analysis, some of the key factors to which the European Union should aim to avoid unsustainable scenarios are analysed. A regression, factorial and cluster analysis is carried out and this leads to conclude that the labour market is key in promoting economic policies in order to achieve social sustainability.