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The attack on the Western auto industry explained

Published at: 25-05-2024

Posted on: May 25th, 2024 by RaduC No Comments

The Western auto industry has been under a sustained attack by Chinese electric car manufacturers for over two years. The explanation present on most media channels refers to the alleged subsidies that the Chinese government gives to local manufacturers to offer cheap electric cars. But what no one is asking is: why did the Chinese […]

Who cares about profitability?

Published at: 02-05-2024

Posted on: May 2nd, 2024 by RaduC No Comments

The other day, a friend who works in sales told me with frustration how, at a meeting with clients, one of the executives started praising the exceptional profitability of the company. Now, honestly, if at a car launch event the manufacturer bragged to potential customers about its profitability, what do you think the audience would […]

Donald Trump forces Europe to get serious

Published at: 21-01-2024

Posted on: January 21st, 2024 by RaduC No Comments

Donald Trump’s victory is becoming more and more the main scenario of the American elections. Hence, analyses assessing the consequences of such an outcome are multiplying. To this end, Mr. Trump’s decisions during the previous presidency and the statements he has made over the years, especially in the last period, are used as raw material. […]

Forget about the GDP/capita!

Published at: 08-12-2023

Posted on: December 8th, 2023 by RaduC No Comments

The prosperity of a country cannot be reflected by a single indicator For many people, macroeconomic indicators are big unknowns. Concepts like the current account deficit or core inflation are not understood by most of the general public, or even by those in business, who prefer to ignore them. But this is not where the […]

Under the cold shower of central banks’ governors

Published at: 26-11-2023

Posted on: November 26th, 2023 by RaduC No Comments

As time passes and interest rates show no signs of decreasing, the impatience of the business environment and the population begins to grow. Both of them see their budgets affected by the increase in the cost of credit, which erodes the amounts available for investment or consumption. These frustrations make politicians become the mouthpiece of […]

Romania, this time is different!

Published at: 03-09-2023

Posted on: September 3rd, 2023 by RaduC No Comments

It is already common knowledge that, in the process of its accession to the EU and afterwards, Romania used only a part of the European funds it had at its disposal for development and accelerating convergence. Looking at the infrastructure that Hungary and Poland have built during the past decades by maximizing the absorption of […]

Will Romania face an exchange rate crisis?

Published at: 27-08-2023

Posted on: August 27th, 2023 by RaduC No Comments

A recent study by well-known Japanese bank Nomura nominates Romania as the second most vulnerable country to an exchange rate crisis after Egypt. In third and fourth place are Turkey and Sri Lanka, respectively. The alert threshold is defined as the value of 100 of the index, a breach of this threshold being interpreted as […]

Bad news for populists: in the end, economics always wins

Published at: 18-06-2023

Posted on: June 18th, 2023 by RaduC No Comments

Joining the eurozone was seen as a miraculous solution to all the economic problems the country had faced so far. Therefore, any way of achieving this goal, including manipulating economic statistics, was perfectly justified. With a debt of over 100% of GDP and a budget deficit of over 3%, Greece would have had no chance […]

Is artificial intelligence a hammer?

Published at: 11-06-2023

Posted on: June 11th, 2023 by RaduC No Comments

Proponents of the unconditional embracing of artificial intelligence (AI) argue that this is a major technological leap forward that will provide people with a new tool to make them more productive and make their work easier. But such a simplifying, not to say simplistic, approach contains a pitfall. This important warning was given in a […]

The common denominator of the current polycrisis

Published at: 03-03-2023

Posted on: March 3rd, 2023 by RaduC No Comments

A new term is now popular to describe the complex context in which we find ourselves: polycrisis. Well-known economist Larry Summers, former US Treasury Secretary and President of Harvard University, in a Financial Times interview attributed the term to Adam Tooze, an English historian and professor at Columbia University. The term polycrisis aims to capture […]

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