Radu Craciun

At the end of 2016 I published a post entitled “The war of the century which will define our future”. There I noted that globalization had caused the Capital – Labor balance which ensured the sustained growth of a thriving middle class in the advanced economies after the second world war to be broken. In […]

I recently had the chance to participate in the INSEAD Alumni Forum Europe 2019 reunion along with 600 participants, first-class panelists on topical subjects. A wonderful occasion to catch up on how the members of the economic elite in Europe and elsewhere are thinking. The main recurring idea of the debates, including the INSEAD dean`s […]

One week after the European elections, the results continue to generate comments and assertions.  Most analyses tend to converge upon the idea that, fortunately, nationalist, populist and parties claiming sovereignty failed to make significant gains or anyhow, they stayed below levels initially feared. Voter mobilization which resulted in a turnout of more than 50%, almost […]

Gross Domestic Product, the GDP, is a measure of the added value produced in a country. It is stubbornly tracked and mentioned to trace national economic changes. GDP growth has been traditionally the sole desire of economic and political elites. Any dip (negative growth in economists` lingo) in the GDP is closely scrutinized and two […]

Human civilization is faced with unprecedented challenges caused by a mixture of economic, demographic and climate-related factors. We would be misguided to imagine that “orthodox” solutions cautiously and slowly applied could actually work. It won`t happen. They will yield no results or if they do, it will be too late. What is required is a […]

The globalization of the last decades has undeniably led to less poverty and higher standards of living for a significant number of people in developing countries. It has helped reduce worldwide economic polarization at the expense of increased social polarization in the developed countries. China is probably the most revealing success story as to how […]

The political trends in Europe are worrying. Rising populist or nationalist parties overshadow the mainstream parties and thus endanger the European construction. As I already explained in a number of posts, in my opinion, the primary cause of the situation is economy-related. The mechanism which made economic prosperity for the European citizens after WWII and […]