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Bloomberg is signaling the fact that in the first six months of the year countries all over the world have bought over 370 tons of gold, pushing the demand for the precious metal to a three-month high. This has caused…
Read moreThis is the second part of my talk with retired lieutenant general Alexandru Grumaz. RC: Given the competition for army digitization, what should Romania`s endowment strategy look like? AG: We should have a very clear understanding of what our specific needs…
Read moreI am talking this week with retired lieutenant general Alexandru Grumaz*, who throughout his professional career held senior positions within the Ministry of National Defense, as head of the Department of Defense Resource Management, director of the Integrated Defense Planning…
Read moreAt 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…
Read moreIn a recent public intervention at the start of its new term, the Romanian Governor of the Central Bank, Mugur Isarescu, gave us some interesting insights into the local FX and money market developments. Practicing what he calls “FX intervention…
Read moreI 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…
Read moreOne 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…
Read moreGross 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….
Read moreHuman 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…
Read moreThe 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…
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