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Industrial Relations in Europe 2012 - European Commission - Europa

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Chart 2.6: Employment rates of those aged 20-64 <strong>in</strong> the CEECs, average 2000/2011<br />

Source: Eurostat<br />

Chart 2.7: Unemployment rates <strong>in</strong> the CEECs, 2007–2011<br />

Source: Eurostat<br />

In addition to the summary of ma<strong>in</strong> differences <strong>in</strong> economic performance between the CEECs<br />

and the EU-15, the CEECs are <strong>in</strong>terest<strong>in</strong>g <strong>in</strong> terms of analysis because of their large <strong>in</strong>ternal<br />

diversity despite fac<strong>in</strong>g similar economic challenges over the past two decades. All CEECs<br />

underwent major economic, labour market and social reforms dur<strong>in</strong>g the 1990s and 2000s, but<br />

different countries adopted different policies to attract FDI, boost economic performance and<br />

address socio-economic questions dur<strong>in</strong>g the transition from state socialism to a market<br />

economy and democracy (1990s), the post-transition period of development (2000s) and the<br />

period affected by the global economic crisis (after 2008). As a result, <strong>in</strong> the CEECs we f<strong>in</strong>d<br />

some of the best perform<strong>in</strong>g economies <strong>in</strong> the EU, with high GDP growth rates and low<br />

<strong>in</strong>equality rates (eg Slovenia (although the situation may have changed post-2010) and the<br />

Czech Republic, see Table 2.1 for <strong>in</strong>come <strong>in</strong>equality coefficients <strong>in</strong> the EU), but also<br />

countries that experience the highest <strong>in</strong>equality rates with<strong>in</strong> the EU (eg Latvia, Lithuania and<br />

Romania).<br />

72

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