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The illusion of a free lunch using chopsticks

Published at: 09-11-2018

Posted on: November 9th, 2018 by RaduC No Comments

For some time now, Romania has been in the grasp of an illusion. It is based on the assumption that countries such as China or the Gulf states have so much cash available that their investment criteria are extremely loose.  Much more than the European requirements for granting development funds. To put it differently, they […]

A new globalisation? For whom?

Published at: 18-10-2018

Posted on: October 18th, 2018 by RaduC No Comments

I recently had the opportunity to attend an INSEAD conference, the prestigious European postgraduate school branding itself as “The Business School for the World”.  The event was entitled “Managing disruption at the Board and Executive level”. It was a select gathering, with participants from the academia everywhere and also board and executive managers at some […]

The hypocrisy drowning in smoke our Planet

Published at: 05-10-2018

Posted on: October 5th, 2018 by RaduC No Comments

I don`t think that we can build a pollution-free planet just on a voluntary change of behavior. This is a statement not likely to attract much sympathy. But frankly, I do believe that people will change their behavior on a massive scale only when driven by financial reasons. Many may do it on ethical grounds, […]

The legacy of central banks

Published at: 28-09-2018

Posted on: September 28th, 2018 by RaduC No Comments

The crisis that started in 2008 has put to the test the ability of central banks to put aside traditional economic wisdom and try their hand at the most unorthodox measures, instead, to prevent economies from slipping into a depression similar to that in the `30s. The world`s great chance may have been the fact […]

Welcome to the land of elders!

Published at: 21-09-2018

Posted on: September 21st, 2018 by RaduC No Comments

We live in a country which is aging and losing its population at an alarming rate. In the last 30 years the population fell by 3.5 million people and UN estimates show that by 2050 it will have lost another 3.3 million. That means that the country we live in will experience the 7th most […]

“Too big to fail” is still with us

Published at: 14-09-2018

Posted on: September 14th, 2018 by RaduC No Comments

Ten years after the Lehman Brothers collapse a question is on everyone`s lips: can this happen again? The worries around such a possibility are completely justified by the crisis that Ben Bernanke, a former FED Chairman deemed the worst in mankind`s history, surpassing, therefore, the Great Depression which broke out in 1929. The reason is […]

Good news for illiberal politicians

Published at: 10-08-2018

Posted on: August 10th, 2018 by RaduC No Comments

In 1997 the well-known CNN journalist and political analyst, Fareed Zakaria wrote a visionary commentary entitled “The rise of the illiberal democracy” which predicted the rise of a new category of leaders: popular autocrats intent on governing without much regard to the rule of law or civil rights. And that despite the fact that the […]

A crisis is not off the table – three scenarios

Published at: 01-06-2018

Posted on: June 1st, 2018 by RaduC No Comments

These comments are designed for those who insist on regularly reassuring us that there are no reasons for concern, that excessively loading the budget with irreversible expenses, such as pensions and wages is sustainable because there is no crisis looming. Actually, there have been warning signs which come from several areas. For the purpose of […]

A pseudo solution that won`t get us out of the trap

Published at: 25-05-2018

Posted on: May 25th, 2018 by RaduC No Comments

The other days I discussed with a well-known journalist about the reasons of Viktor Orban`s success in Hungary. My interlocutor was talking admiringly about him because he had understood that Hungary could no longer be underpinned by a foreign direct investment model and that Romania should follow suit. He argued that foreign capital flows leaving […]

Meeting Jack Lew and Yanis Varoufakis

Published at: 04-05-2018

Posted on: May 4th, 2018 by RaduC No Comments

My recent participation in an international conference put me on separate occasions in the privileged position of listening to the opinions of two high profile political leaders as well as with the oppportunity to ask questions. Jack Lew was President Obama`s Chief of Staff between 2012-2013 before he became the US Secretary of the Treasury […]

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