Founder Editor in Chief: Octavian-Dragomir Jora ISSN (print) 2537 - 2610
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Austria Shouldn't Support Weakened Patent Protections

Austria Shouldn't Support Weakened Patent Protections

Austria has become a major producer and exporter of medicines. Today, Austria's pharmaceutical industry is the 12th largest in Europe. It adds an estimated €9.6 billion to our economy and supports more than 60,000 jobs. Unfortunately, a United Nations panel recently proposed several policies that would undermine Austria's drug industry, thereby harming the economy and decreasing access to medications across Europe and the developing world. The Austrian government ought to speak out against the panel's foolhardy recommendations. Its silence seems like tacit support.  More

No. 4, Mar.-Apr. 2017 2017


Walking and Writing Across Cultures:  Two Experiences

Walking and Writing Across Cultures:
Two Experiences

The Faculty of International Business and Economics (REI), together with The Romanian Institute for European-Asian Studies (IRSEA) has organized on the 8th of May, at 10:30 am, in the Aula Magna of the Bucharest University of Economic Studies (ASE), the “ASEAN Day” Conference dedicated to the 50th anniversary of ASEAN. The event benefited from the presence of their Excellencies, the Ambassador of the Republic of Indonesia in Romania, Diar Nurbintoro, the Ambassador of the Socialist Republic of Vietnam, Tran Thanh Cong, and Dato Tajul Aman Mohammad, the Ambassador of Malaysia in Romania. The moderator of the event was Gheorghe Savuică, the former Ambassador of Romania in Indonesia and the current President of IRSEA. The conference was, firstly, dedicated to the students of the university, who were invited to find out more about the accomplishments of ASEAN as well as the challenges the Member States of ASEAN face in the complex international context. The event also appealed to specialists and other people interested in this part of the world, since they received interesting and valuable information from both the lectures and the discussions. More

No. 3, Jan.-Feb. 2017 2017


Trump’s First Quarter

Trump’s First Quarter

Donald Trump’s history as a real-estate tycoon and a TV star relied on and enhanced certain qualities which were on display during the presidential campaign, where he managed to confound his opponents and energize the people, thereby obtaining their votes. The main message of Trump’s campaign was and still is “America First” which, initially, was interpreted by onlookers as being a revival of the Monroe Doctrine and of the sentiments expressed in Washington’s farewell address, but then it morphed into a general reassessment of US foreign policy and trade: Russia, China, NATO, Germany, Japan, South Korea, NAFTA, TPP, the Mexican Wall. More

No. 3, Jan.-Feb. 2017 2017


Considerations on North Korea

Considerations on North Korea

The “hermit kingdom” of North Korea is back in the news, at the center of a new round of exchanges of bellicose declarations, underpinned by failed tests for intercontinental ballistic missiles (ICBMs) that, nevertheless, show the impressive progress of the country’s indigenous program. The missile capabilities are meant to provide a delivery device for the country’s nuclear weapons, the other great program beset by a string of failures and shoestring successes. Western observers are now attempting to “read the tea leaves” in order to predict when the country will have achieved the ability to threaten the continental United States, while the threat to its immediate neighbors, South Korea and Japan, remains real but uncertain. The weapon systems involved are complex and, as has been suggested of the recent failed test, prone to cyber-attacks and sabotage through the component supply chain. Rather, the immediate threat to a country like South Korea is all of the conventional artillery pointed at its capital, which would make flattening Seoul in a matter of hours a foregone proposition. With Donald Trump at the helm of the US and sending carrier groups in the vicinity, a man given to grand gestures as negotiating bids, the latest tensions with North Korea seem momentous, as if some form of denouement to the regime in Pyongyang is looming. The form it would take is critical to its neighbors, who fear both the ways in which the country can lash out violently, as well as the consequences of a collapse of power, such as millions of refugees trying to cross land borders or internecine warfare.  More

No. 3, Jan.-Feb. 2017 2017


Saudi Arabia and the New Middle East

Saudi Arabia and the New Middle East

The Arab Spring, also known as the Jasmine Revolution, represents a series of protests that embraced the Middle East and North Africa (MENA), since the end of 2010, resulting in the collapse of certain authoritarian regimes in the region. In practice, the Arab Spring was externally regarded by Riyadh as a threat to its strategic security, potentially undermining its regional influence, as well as the Saudi alliances More

No. 3, Jan.-Feb. 2017 2017


Culture and Property Rights

Culture and Property Rights

The International Book Fair Bookfest 2017 gave me the opportunity to exchange some thoughts, with quite exquisite and exigent readers, on my recent work – Spiritualitate, materialitate și proprietate. Cultura mea, cultura ta, cultura noastră, cultura lor (Editura ASE, 2016) [Spirituality, Materiality and Property. My Culture, Your Culture, Our Culture, Their Culture]. Addressed for now mainly to a Romanian readership (by its publication language) the book basically hosts a worldwide-relevant question, though not so frequently or explicitly asked (to say the least): “Is culture a public(ly enforceable) good or a private(ly producible) one?”. The question is being complicated by the fact that the culture deals with consensual, socializing, public values (we speak of preferences, traditions, beliefs, which, by definition, unite before they separate), as it is also true that the human person is the one who gives meaning to social aggregates (the methodological individualism, despite hasty amendments is crux in social sciences). Or speaking in “economics” (nota bene: the science of human action in a (praxeo)logical, commonsensical, un-sterilely-sophisticated expression): What makes a culture become a Culture? (Economic) freedom or (political) interventionism? More

No. 3, Jan.-Feb. 2017 2017


China Welcomes Representatives from over 100 Countries to the First Belt and Road Forum

China Welcomes Representatives from over 100 Countries to the First Belt and Road Forum

Last week in Beijing, leaders and officials from dozens of countries and international organizations participated in the Belt and Road Forum for International Cooperation. Here, Chinese leader Xi Jinping reinforced the need for cooperation in order to achieve mutual benefits and push forward economic development in Eurasia. The Belt and Road Initiative (BRI), the “project of the century”, as Xi Jinping called it, aims to develop infrastructure projects such as railways, ports, roads, linking China to Europe and all the countries along the way. This Initiative carries a great importance not only in terms of economic development, but also in terms of a new alternative economic order. China is also developing a new institutional framework for cooperation, with components such as the Asian Infrastructure Investment Bank (AIIB) and the Silk Road Fund, which enhance the geopolitical role. More

No. 3, Jan.-Feb. 2017 2017


Rendez-vous in Paris: Trump vs. Macron, Round No. 4

Rendez-vous in Paris: Trump vs. Macron, Round No. 4

Paris sera toujours Paris, as the title of a famous song rightfully acknowledges: traditionally a land of grace and sophistication that inspired poets and artists for centuries, and the shiniest jewel in Europe’s crown, which, through its charme et charactere, can impress everyone who happens to be its guest, including world famous political leaders. Recently, it hosted one of the most important events on the current international relations agenda, namely a high-level meeting between the newly elected chef d'État of the French Republic, the young Emmanuel Macron, and the President of the United States, an already controversial figure, although relatively new in his position as well, Donald J. Trump. After their first three meetings at the NATO and G7 summits in May, and at the G20 summit in early July, during which each of them has been trying to tilt the balance of power, Macron invited Trump over on Bastille Day to celebrate and extend France’s thanks on the occasion of the 100th anniversary of the US entry in the First World War. The anniversary was an excellent pretext for the two to get together and talk real politics, settle disagreements and figure out common approaches to the most important international problems, such as terrorism and climate change. More

No. 3, Jan.-Feb. 2017 2017


The Ebb of German-Turkish Relations

The Ebb of German-Turkish Relations

The political crisis in the relations between Germany and Turkey deepens as the tensions grow and bellicose statements and mutual accusations envelop more dimensions of the bilateral agenda. Millions of Turks are living and working in Germany, Germans, in their turn, traditionally make up to around fifteen percent of the country’s tourism arrivals. The bilateral trade volume is around 37 billion U.S. dollars p.a.. Relations between Germany and Turkey have always been subject to serious and long-term synergies. Both sides have much to lose, but this, however, is not a dampener on hostile rhetoric. More

No. 3, Jan.-Feb. 2017 2017


Most wanted employers’ top and employees’ salary expectations in 2017

Most wanted employers’ top and employees’ salary expectations in 2017

Inspire Group unveils for the first time the results of the 2017 edition of Romania’s Favorite Employers external employer branding survey. The information obtained represents a landmark for the greatest companies’ HR departments, which evaluate the employer branding strategy’s long term objectives. In order to successfully accomplish this project, Inspire Group, with the help of MKOR Consulting, analyzed 211 companies from 20 industries. The survey was conducted on all ages and professional positions from Romania, thus providing an realistic analysis of the labor market.  More

No. 3, Jan.-Feb. 2017 2017


Always Betting on God

Always Betting on God

Forever interacting with a world where both he and the things around him are beyond his reach, man longs for infinity. Although his powers of action are limited by the constraints of time and space, man clings to his reason not only to order the reality of scarcity, but also to probe the mysteries of the beyond. He has only one life ahead to understand what awaits “beyond” and his only guilt is that of not being aware enough of the full importance of this “before”. We were endowed with reason from the very beginning and we use it to productively take part in the social metabolism, otherwise the animal instinct activated by implacable bio-physical-chemical laws would have sufficed. Reason is also the source for the understanding of the world as it is (to us) and of the world as it should be (to us). This assumption leads to the idea that reason is not only the best means to detect temptation but more often than not, the biggest temptation itself. More

No. 2, Nov.-Dec. 2016 2016


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OEconomica No. 1, 2016