The paper presents some of the most important peculiarities of the entrepreneurship in Romania in the context of the knowledge based society. We develop the advantages and disadvantages of the modern Romanian SME's sector and the main characteristics of nowadays knowledge revolution. At the end...

The paper formalises the interaction between active labour market programmes and ordinary higher education in a general equilibrium framework. Both education in prorgammes and ordinary higher education serve to increase the supply of high-skilled labour. The model features a dual labour market...