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Central banks are betraying the cause. Why?

Published at: 27-12-2020

Posted on: December 27th, 2020 by RaduC No Comments

Central banks seem more and more inclined to reinvent the role they play in the economy. Their boldness is a result of the fact that, faced with the dramatic turn of events during the 2008 crisis they shattered all taboos which has failed to generate the negative impact foreseen by the economic theory. That only […]

Carbon neutrality=deforestation neutrality?

Published at: 20-12-2020

Posted on: December 20th, 2020 by RaduC No Comments

Carbon neutrality is the solution that European governments put forward to reach climate neutrality by balancing out CO2 emissions and removals. To get there, approaches bank almost exclusively on ways to dramatically reduce and store emissions. This short-sightedness puzzles me as protecting existing forests and increasing the wooded area are hardly on the countries or […]

Maslow suggests the model of economic comeback

Published at: 30-11-2020

Posted on: November 30th, 2020 by RaduC No Comments

At a time when most are wondering what the post-pandemic recovery would look like, a reasonable answer may be that no specific letter would provide a complete enough answer. Economies are made up of a large array of sectors and exiting the pandemic-induced crisis will have its sector-specific particularities that cannot be ignored. To identify […]

Autocracy or populism?

Published at: 15-11-2020

Posted on: November 15th, 2020 by RaduC No Comments

China’s seemingly more efficient response to the pandemic refuels an older debate on the country’s economic success. The figures speak for themselves. According to the World Bank, 800 million people had been lifted out of poverty by 2018, making China the most important contributor to the global decline of poor population from 40 to 10 […]

People – the most valuable liability of the economic recovery?

Published at: 06-11-2020

Posted on: November 6th, 2020 by RaduC No Comments

For decades, businesses liked to parade a slogan which was music to all stakeholders’ ears: “Human resources is our most valuable asset”. Those who know me, know that I am not the person to shy away from uncomfortable questions, but the uneasy question that I planned to put to you today was “To what extend […]

Do not open the champagne yet!

Published at: 12-10-2020

Posted on: October 12th, 2020 by RaduC No Comments

Do you know those parties where everybody is having a great time and there comes a time when they all naturally want to open the champagne? And a guy immediately says “hold on, do not open the champagne for another year, it is not time yet!”. And all of the sudden he/she becomes the most […]

Is dollar hegemony drawing to a close?

Published at: 04-10-2020

Posted on: October 4th, 2020 by RaduC No Comments

We are in a difficult period of transition with no compass for guidance. Despite desperate attempts to make the future more predictable by looking at past economic crises, I am convinced without a doubt that no previous experience that mankind has lived through has any bearing on present and future developments. The events and changes […]

Central banks have prevailed: financial markets are in the dark

Published at: 09-08-2020

Posted on: August 9th, 2020 by RaduC No Comments

Some cities around the globe can offer a unique experience when it comes to dining out called “Dinner in the dark”. This is basically having dinner in a pitch black room which completely deprives you of using what is probably the most important sense, namely sight. Whatever their initial intention, confusion and stress, clumsiness and […]

How short will the memory of Capital be?

Published at: 26-07-2020

Posted on: July 26th, 2020 by RaduC No Comments

Much is being written about the impact that the pandemic is set to have on globalization and about international capital relocation. It refers to a return to regionalization, to the detriment of globalization, a process whereby people who put their money in China first, and in other corners of the developing  world, will bring production […]

Can capitalism continue to provide wealth?

Published at: 19-07-2020

Posted on: July 19th, 2020 by RaduC No Comments

I am talking this week with Lucian Croitoru, advisor to the NBR governor, whose views, however, do not express the official position of his institution. RC: Lucian how outrageous is it that after we got out of the tragic experiment called communism, we ended up talking about the extent to which capitalism provides prosperity. LC: […]

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