Radu Craciun

Much has already been said and much ink has been spilled about the rushed and poorly planned American pullout from Afghanistan. And rightly so. There is a large consensus that the withdrawal could have been gradual, better organized and more mindful of all those who have supported NATO forces all these 20 years. Unfortunately, though, […]

(R*) 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 […]

We are increasingly convinced that we have left the pandemic behind. What was worse is now behind us and returning to normal life is just a matter of time. We are so convinced, that willingness to vaccinate is going down in most countries which until recently had massive vaccination rollouts. Romania is no exception, but […]

In the past year a ghost has been haunting the public debate. Its name is “The Great Reset”, a concept talked about ever since the 2020 World Economic Forum (WEF) at Davos. It subsequently became the preferred topic of conspiracy theories. The ball was pushed rolling in this direction by political groups and media outlets […]

The latest inflation reports made newspapers say “The crisis has brought inflation to almost the best rate for the Romanian economy”, and analysts note that “The annual consumer price dynamics slowed down from 2.14% in November to 2.06% in December, the lowest since September 2017”. Indeed, the crisis, due to rock-bottom consumer spending, has taken […]

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 […]

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 […]