Radu Craciun

Most often than not, global crises force humanity into change, greatly stepping up processes that were rather slow to develop. At this point in time, also, developments that initially would have taken decades to complete will be moving into top gear with major effects in just a matter of years. From this perspective, it is […]

I recently posted an unorthodox talk with the chief-economist of the Romanian National Bank, Valentin Lazea, when we agreed that the world’s economic development model was no longer sustainable. As a result, economic theories need to radically change and focus on GDP per capita growth and not just GDP growth. Neither does human civilization stand a […]

This is the question on everybody’s lips with the 2008 financial crisis still lingering in our mind. Not only did the stock market experience a similar dive over the past days but it has actually exceeded the scale of the previous crisis. On Thursday, March 12, the US Dow Jones and S&P 500 stock indices […]

A deep concern is haunting part of the Western elites vented as well in the main stream media: economic success is no longer within the exclusive remit of liberal societies. China`s spectacular developments in the past decades and its dominant position in spite of the autocratic political regime that originated them have prompted analysts to […]

In a recent report, the Institute of International Finance estimates that global debt has reached a new record high, 253 trillion dollars by the end of September. The analysis considers that this is debt accumulated mainly by governments and non-financial institutions. The report highlighted the major role that low interest rates played in spurring funding […]