The approval of the European Pillar of Social Rights, by the highest authorities of the European Union in the Social Summit of 17 November 2017, as well as the ever more widespread recommendations by the most important international institutions and organisations, such as UN, ILO, OECD, WB. IMF, are all initiatives and signals that go in the direction of imprinting a profound correction of the current global economic development. Also it is increasingly widespread awareness that improving economy and growth as well as promoting employment and social cohesion depends, ultimately, on the capability of a society to adapt institutions, laws, norms, procedures, industrial relations acts and behaviors to face adequately the new challenges; in other words on the quality of the regulatory system. Labour markets structures are totally involved in such type of issues. Here are the open problems which refer to the relationship between the government and governance of the development processes, two very different concepts and practices. The issue government-governance calls ultimately the system of public-private relationships, roles and responsibilities in the management of the development processes.