People’s Republic of Competitive Cooperation Present China’s Silky Ties

People’s Republic of Competitive Cooperation
Present China’s Silky Ties

No. 4, Mar.-Apr. 2017

China has a special geometry and geography of time, and whenever you touch its lands and breathe its epochs, you understand that the sizes and units of measure are different. When travelling to China, a foreigner cannot ignore the time-space continuum in which reigns the cosmopolitan-and-comradely cohabitation of apartment skyscrapers, sometime taller than their corporate cousins, pictures of hard-core communist planner Mao featuring on banknotes circulating in a market economy, workers and peasants equipped with much more than blunt sickles and hammers, apparatchiks and free spirits, mundane youngsters and flying shaolin monks. “To understand China’s last hundred years, see Shanghai. To understand China’s last thousand years, see Beijing. And to understand China’s last three thousand years, see Henan Province”, here is a good piece of advice for those who want to take the perfect tour of China. More

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    The 2020 GDP of Romania

    The 2020 GDP of RomaniaEqual to the 2019 GDP in nominal terms and the 2018 one in real terms

    No. 28, Mar.-Apr. 2021

    The National Institute of Statistics confirmed the signal result of the economic growth for 2020 at the level of -3.9%, in the first preliminary version made public. The nominal value resulting from the overall calculation for the last year was RON.... More



    Public Schools, a Rival for Racism and Xenophobia

    Public Schools, a Rival for Racism and Xenophobia

    No. 28, Mar.-Apr. 2021

    Some believe that we live in a world that is advanced and effortlessly evolving in so many different ways, yet it is also stuck and old-fashioned in other ways. Paradoxically, the modern world that we live in is still exposed to racial conflicts.... More



    The Long-Lasting Effects of Colonial Policies

    The Long-Lasting Effects of Colonial PoliciesWhy some post-colonial nations succeed while others do not

    No. 28, Mar.-Apr. 2021

    Whenever we talk about Canada, New Zealand, Libya or Indonesia, we need to bring up the colonial empires which dominated much of the modern world up until the beginning of the Cold War. The periods under colonial rule differ, with.... More



    A Few Considerations about the Gender Gap in the COVID-19 Impact on the Labour Market

    A Few Considerations about the Gender Gap in the COVID-19 Impact on the Labour MarketEconomy Near Us (XXXIX)

    No. 28, Mar.-Apr. 2021

    March marks one year since Romania entered a state of emergency and remained on alert due to the pandemic. The Romanian state, like all of the states of Europe and the world, is still looking for solutions to limit its spread. The priority.... More



    A Reactionary Response to a Likewise Football

    A Reactionary Response to a Likewise FootballFrom Conference League to Super League

    No. 28, Mar.-Apr. 2021

    Context: TheChampions League (CL) is the greatest inter-club football competition in Europe and the entire world. Organised every year, it includes the best 32 European football club teams: 26 qualified in advance, while six of them have to go.... More



    The Evolving Identity of the Firm. Cognitive Peculiarities and Idiosyncratic Perceptions

    The Evolving Identity of the Firm. Cognitive Peculiarities and Idiosyncratic Perceptions

    No. 28, Mar.-Apr. 2021

    Research into the theory of the firm began with the publication of “The Nature of the Firm” (Coase, 1937), which led to the appearance of four essential questions about the nature of the firm. Why do firms exist? Why are these organized the.... More



    The Intersection of Religion and Economic Behaviour

    The Intersection of Religion and Economic Behaviour

    No. 28, Mar.-Apr. 2021

    The World Bank published two years ago a study conducted by two Bulgarian economists, Simeon Djankov and Elena Nikolova, which shows major differences in attitudes toward state authority and the adoption of new ideas between Orthodox, on.... More



    The Road to a Free Economy

    The Road to a Free EconomyOnce upon a time in 1989. And the journey is on going

    No. 28, Mar.-Apr. 2021

    János Kornai needs no introduction to our readers. He is an intellectual force to be reckoned with in the service of liberty. The following pages are an extract from his memoirs specifically selected from a time of great change in Hungary, to.... More



    Binding Leviathan: The Case for Institutional Liberty

    Binding Leviathan: The Case for Institutional Liberty

    No. 28, Mar.-Apr. 2021

    In political theory, as in any inquiry, a question must begin with a perception or a premise. The question is this: How can the identity and integrity of a self-governing institution – whether a church, business, school, even a family – be maintained.... More



    Realities and Perspectives of a New Social Paradigm

    Realities and Perspectives of a New Social ParadigmEconomy Near Us (XXXVIII)

    No. 27, Jan.-Feb. 2021

    Society is currently undergoing a series of transformations, as a result of the effects of the global pandemic, with consequences in all areas of our existence. Approaching from a conceptual point of view the present reality, the concept of entropy returns.... More



    Pablo Neruda – Poetry, Polities, Peace

    Pablo Neruda – Poetry, Polities, PeaceMasters of Diplomacy (III)

    No. 27, Jan.-Feb. 2021

    One of the greatest poets that have ever lived in the Latin America was none other than the Chilean Pablo Neruda (photo: right) born under the name Ricardo Eliécer Neftalí Reyes Basoalto. He was born in Parral, Chile on July 12, 1904.... More



    Beneath It All in Hungary Is Political Corruption

    Beneath It All in Hungary Is Political Corruption

    No. 27, Jan.-Feb. 2021

    Hungary is the black sheep of the European Union. Its contrarian agenda offends the common opinion of other Member States. Just recently, the Hungarian government not only threatened to veto the EU recovery budget but also voiced its.... More



    Vijaya Lakshmi Pandit – Casting a Flood of Light on India

    Vijaya Lakshmi Pandit – Casting a Flood of Light on IndiaMasters of Diplomacy (II)

    No. 27, Jan.-Feb. 2021

    What does it take to fight for the freedom of your country? Some may say it takes courage, strength of character or faith. Some may say you need to be a hero, but The Great Daughter of India, as Vijaya Lakshmi Pandit (photo: right) was often called.... More



    Long-Term Interest Rate Fell Below 3%

    Long-Term Interest Rate Fell Below 3%A courageous change of economic vision would be required

    No. 27, Jan.-Feb. 2021

    Long-term interest rates for Romania fell by almost one percentage point in just two months, according to data released by Eurostat. After increasing up to 4.83% in April 2020, at the end of June it reached a level below the threshold of four.... More



    Vespasian V. Pella – A Peace Fighter

    Vespasian V. Pella – A Peace FighterMasters of Diplomacy (I)

    No. 27, Jan.-Feb. 2021

    It is indisputably mandatory, Vespasian Pella (photo: second from the right, sitting at the table) asserted, to have the following in order to prevent and combat the state “collective crime” – a recognition of the war’s criminal nature, alongside the.... More



    Automatic Stabilizers as Publicly-Oriented Predictors

    Automatic Stabilizers as Publicly-Oriented PredictorsEconomy Near Us (XXXVII)

    No. 27, Jan.-Feb. 2021

    In the economic process, the volatility of macroeconomic variables is not the true problem, but its unpredictability. In fact, this conclusion is equally valid for microeconomics. For example, under the EMH – Efficient Market Hypothesis – a.... More



    When the Appetite for Entertainment Scores Goals

    When the Appetite for Entertainment Scores Goals

    No. 27, Jan.-Feb. 2021

    Romania is attacking on the left side of the pitch, Răzvan Marin and Florin Tănase have a short exchange of passes in the corner of the penalty box, which opens some wide spaces for the latter to penetrate and make a decisive pass for Eric Bicfalvi.... More



    The Pandemic Recession and Government Stimulus

    The Pandemic Recession and Government Stimulus

    No. 27, Jan.-Feb. 2021

    Never before has the global economy been deliberately put into an induced coma. Owing to the coronavirus pandemic, businesses are struggling to break even and unemployment is soaring high. The sudden shock called for a speedy and.... More



    Romanian National Culture Day and the New Normal

    Romanian National Culture Day and the New Normal

    No. 27, Jan.-Feb. 2021

    Do not worry: this is going to be short and… bitter. Bitter is good. In drinks, according to personal taste, and in real life, because it prompts reflection.Therefore, here is what I want to reflect upon today – once again on the National Culture Day of us.... More



    The Effect of Brexit on Romanian Foreign Trade

    The Effect of Brexit on Romanian Foreign Trade

    No. 27, Jan.-Feb. 2021

    Over the last few years, the United Kingdom has been Romania’s most important foreign trade partner with whom we have managed to record a significant trade surplus. The island economy’s exit from the community bloc and the.... More



    Will Lithuania Reclaim Its Own Business Tax Model?

    Will Lithuania Reclaim Its Own Business Tax Model?

    No. 27, Jan.-Feb. 2021

    The recent parliamentary elections in Lithuania have sparked hope that after 18 years the country will revisit its decision to give up a zero-tax rate on reinvested profits, a regime that gave an immense impetus to the country’s investment and.... More



    Piloting Through the 2020 Corona-World:

    Piloting Through the 2020 Corona-World:•An objectively subjective selection•

    No. 27, Jan.-Feb. 2021

    The much-lauded Chinese curse of living in interesting times has certainly applied to 2020. The year saw many disruptions, but also the fulfilment of key trends related to inter-state and intra-state conflict. While no one will mourn its end, we may be right.... More



    The War of the Worlds: Macro-societies in Battle Against Micro-organisms

    The War of the Worlds: Macro-societies in Battle Against Micro-organismsAn ongoing chronicle of a contagious era

    No. 26, Nov.-Dec. 2020

    As the lockdown has been relaxed (in Romania, the homeland of TMFI), yet social distancing is still a sacrosanct recommendation, we release the second episode from our collection of editorial products, this time from our in-house harvest. We hope.... More



    The Economists Need Skin in The Game

    The Economists Need Skin in The GameEconomy Near Us (XXXVI)

    No. 26, Nov.-Dec. 2020

    The concept of economic crisis encompasses quite different situations (from either a causal perspective or a consequentialist one), from a conjunctural transient state all the way to a real blockage of the economic system. For this article, we.... More



    The Crisis of Our Age: A Retrospective Glance

    The Crisis of Our Age: A Retrospective Glance

    No. 26, Nov.-Dec. 2020

    As a political philosophy and system of governance, liberalism is a product of Western Christian civilization. Yet some of its roots are decidedly illiberal. Thomas Hobbes offered an intellectual framework for our burgeoning Provider State.... More



    A Pragmatic Approach to Higher Education – University 4.0

    A Pragmatic Approach to Higher Education – University 4.0

    No. 26, Nov.-Dec. 2020

    The 4th Industrial Revolution has changed the industrial practices of manufacturing and production, now transformed by digitization and automation and supported by advanced technologies and techniques. The adjustment process of.... More



    Europe’s Paradigmatic Dilemmas amidst Pandemic Woes: How the Covid-19 Crisis May Reshape EU’s Geostrategy

    Europe’s Paradigmatic Dilemmas amidst Pandemic Woes: How the Covid-19 Crisis May Reshape EU’s Geostrategy

    No. 26, Nov.-Dec. 2020

    The much-awaited vaccine has recently been announced and reignited hope that the coronavirus pandemic that has kept the planet in a tight grip for about a year now is about to end. Though the vaccine itself is not beyond suspicion as some.... More



    The New Geopolitics of South Caucasus

    The New Geopolitics of South Caucasus

    No. 26, Nov.-Dec. 2020

    The 2020 peace agreement in Nagorno Karabakh is not just redrawing the security relationship between Yerevan and Baku, but, at the same time, it reshapes the regional geopolitics.First of all, the OSCE Minsk Group played an insignificant role.... More



    November Revealed the Highest Number of New Cases Worldwide Since the Start of the New Coronavirus Pandemic

    November Revealed the Highest Number of New Cases Worldwide Since the Start of the New Coronavirus Pandemic

    No. 26, Nov.-Dec. 2020

    The most powerful 19 countries in the world had different evolutions regarding the number of new cases in the third quarter of the pandemic.November 30 marked 9 months since March 1, considered the beginning of pandemic with the.... More



    Kurt Lewin’s 3-Phase Change Model in the Covid-19 Pandemic

    Kurt Lewin’s 3-Phase Change Model in the Covid-19 Pandemic

    No. 26, Nov.-Dec. 2020

    Throughout 2020, the question of how the world would look like after the Coronavirus pandemic has been constantly repeated. The “status quo” has been challenged: our usual lives have been suddenly torn apart and life during Covid-19 has been... More



    Remarks on the 2020 Romanian GDP Estimate – Reduced for the 3rd Time in the Official Forecast

    Remarks on the 2020 Romanian GDP Estimate – Reduced for the 3rd Time in the Official Forecast

    No. 26, Nov.-Dec. 2020

    The GDP 2020 estimate has been reduced for the third time in a row in the so-called Preliminary Autumn Forecast for the budget amendment published by the specialty National Commission. From an economic result of RON 1,141.4 billion according... More



    About the “Fair” Sharing of Economic Value Added

    About the “Fair” Sharing of Economic Value AddedEconomy Near Us (XXXV)

    No. 26, Nov.-Dec. 2020

    Periodically, economists put on the table a remarkably interesting (and disputable, as well) topic, that of model for sharing the value added between labour and capital. The subject is present both on the work table of theoretical scientists and on that of... More



    Sustainable Development – Excerpts from a New Lodestar in the Field

    Sustainable Development – Excerpts from a New Lodestar in the FieldIon Pohoață, Delia-Elena Diaconașu and Vladimir-Mihai Crupenschi revisit the discourse of the founders

    No. 26, Nov.-Dec. 2020

    Sustainable development has been making the rounds since 1987 as a buzzword to be employed in the rarefied heights of policy discourse on economics, industrialization and much more. Unlike other fashionable concepts, it at least aspires to validity... More



    Central Asia: The World’s Next Powder Keg

    Central Asia: The World’s Next Powder Keg

    No. 26, Nov.-Dec. 2020

    Firstly, we shall explain the geographic and historic situation background of Central Asia. The name is self-explanatory when referring to the location of the region but what stands out is the climate, history and demographics. The land is mostly... More



    The Romanian Leu, Koruna, Zloty and Forint in Pandemic: A Comparison in Terms of Stability and Its Effects

    The Romanian Leu, Koruna, Zloty and Forint in Pandemic: A Comparison in Terms of Stability and Its Effects

    No. 26, Nov.-Dec. 2020

    The Romanian leu was much more stable during the pandemic than the currencies of Central European countries with a similar exchange rate regime – the Czech Republic, Poland and Hungary. Data published by the National Bank of Romania shows a... More



    Democracy at Play – or at Risk – in America

    Democracy at Play – or at Risk – in America

    No. 26, Nov.-Dec. 2020

    In democratic societies, elections are determined by the vote of the people. The democratic process in the United States elected President Trump in 2016. Four years later, after all legal votes are counted and verified, the same process may require... More



    2020 Gaudeamus Book Fair, featuring the Bucharest University of Economic Studies

    2020 Gaudeamus Book Fair, Featuring the Bucharest University of Economic StudiesTreatise launch: International Economic Relations: Theories, Strategies, Policies, Tools and Case Studies / Gheorghe Hurduzeu, Luminiţa Nicolescu (eds.)

    No. 26, Nov.-Dec. 2020

    The 27th edition of the Gaudeamus Radio Romania Book Fair took place between November 16-22, 2020. The fair was held exclusively online this year, due to the coronavirus pandemic. The most popular book fair, staged by the most-listened-to... More



    Owning Now, Owing Then. Culturally Sustainable Development Is about Material Property as Much as It Is about Spiritual Legacy

    Owning Now, Owing Then. Culturally Sustainable Development Is about Material Property as Much as It Is about Spiritual LegacyKeynote speech delivered at Social Science and Humanities Research Association’s (SSHRA) XXV International Conference on Business, Economics, Law, Language & Psychology (ICBELLP), 18-19 November 2020, London, UK

    No. 26, Nov.-Dec. 2020

    Social Science and Humanities Research Association (SSHRA) is an international community of researchers, practitioners, students and educationists that is devoted to the development and the spread of ideas in the field of social sciences... More



    The Effects of the Coronavirus on the Labor Markets in the EU

    The Effects of the Coronavirus on the Labor Markets in the EURomania among the least affected countries in Q2, 2020

    No. 26, Nov.-Dec. 2020

    Romania was among the least affected EU Member States in Q2 2020 in terms of temporary layoffs, reduced working hours or job losses, according to the analysis published by Eurostat. The consequences of Covid19 pandemic varied significantly... More



    Accelerating University 4.0 by Technology Shifts and Pandemic Drifts

    Accelerating University 4.0 by Technology Shifts and Pandemic Drifts

    No. 26, Nov.-Dec. 2020

    The intersection between the technological and the pandemic shock became a real paradox to be managed by the higher education institutions. It all started in March 2020 with the decision to suspend face-to-face teaching activities and... More



    Annotating the Paris Agreement

    Annotating the Paris Agreement

    No. 26, Nov.-Dec. 2020

    This article explains in broad strokes the content of the Paris Agreement and the Decision by which it was adopted. It, then, annotates them and complements the annotations by asking further questions. This article serves as institutional... More



    Economy Near Us (XXXIV)

    The Impact of Social Justice Measures on Unemployment During the PandemicEconomy Near Us (XXXIV)

    No. 25, Sep.-Oct. 2020

    Currently, one of the worst employment crises is in full swing, as a result of the health crisis, with consequences for increasing poverty and therefore economic and social inequality. Just a few of the effects on the labour market include:... More



    Romania’s Recovery According to the World Bank

    Romania’s Recovery According to the World Bank2021 forecast compared to the start of the pandemic

    No. 25, Sep.-Oct. 2020

    The data included in the autumn report of the World Bank, “COVID-19 and Human Capital”, which brings the forecast for Europe and Central Asia countries up to date shows the skepticism of this institution’s specialists regarding a... More



    The Fight for the US Supreme Court and Its Political Ramifications

    The Fight for the US Supreme Court and Its Political Ramifications

    No. 25, Sep.-Oct. 2020

    Impartiality is crucial to any judicial system, even more so when constitutional and supreme courts have to adjudicate conflicts between different state authorities, political actors, or certify election results in democratic polities. This impartiality... More



    The Neighbourhood and Its Meanings

    The Neighbourhood and Its MeaningsSome colourful shades of grey

    No. 25, Sep.-Oct. 2020

    In order to know the Romanian society as it is today more intimately, it is preferable that we analyse it from the inside to the outside, for the general characteristics and conclusions that might be traced from this “outside” (such as national... More



    The Rise of Islam and American Policy in South Asia

    The Rise of Islam and American Policy in South Asia

    No. 25, Sep.-Oct. 2020

    The challenge of Empire to traditional constitutional order occurs when the first response to acts of terror increases the powers of the State. The Patriot Act and the attack on Iraq by the Bush Administration empowered a "war faction" in the America... More



    Romania’s Public Debt Relative to GDP – Implications

    Romania’s Public Debt Relative to GDP – Implications

    No. 25, Sep.-Oct. 2020

    The public debt officially measured by the Romanian Ministry of Finance based on the European methodology advanced, in July 2020 alone, almost as much as in the whole second quarter, when Romania was caught in the middle of the... More



    Engines of Liberty: American Experiment in Self-Government

    Engines of Liberty: American Experiment in Self-Government

    No. 25, Sep.-Oct. 2020

    Brague’s Challenge. In an American Spectator blog post, “Sin No More,” dated May 1, 2008, Rémi Brague stated a thesis worth exploring: “What cultures that were influenced by the Jewish and Christian religions made of the ideal of liberty that I have... More



    The 2008 and 2020 Global Crises – Differences and Similarities

    The 2008 and 2020 Global Crises – Differences and SimilaritiesEconomy Near Us (XXXIII)

    No. 25, Sep.-Oct. 2020

    The years 2008 and 2020 saw two global crises with important similarities, which evoked numerous comparisons. I shall briefly sketch differences and similarities between these two global crises and the European Union response. This... More



    Rebuilding Economics

    Rebuilding EconomicsSeries of articles excerpted from the printed edition [#1]

    No. 25, Sep.-Oct. 2020

    In the last decades, the economic discipline in its hypostasis of Economics (i.e. positive economic theory) was, and also currently is, subject to radical and massive criticism not only from the non-economists (including physicists!), but also from... More



    The World’s 19 Most Powerful Countries Account for 71% of the World’s New Coronavirus Cases

    The World’s 19 Most Powerful Countries Account for 71% of the World’s New Coronavirus Cases

    No. 25, Sep.-Oct. 2020

    On August 31st this year, 6 months have passed since the current pandemic forcefully started, on March 1st. It is an important opportunity to examine how the world’s great powers have developed effective government programs to reduce the... More



    MIND(s that filled) THE GAP(s)

    MIND(s that filled) THE GAP(s)A media campaign of junior reporting on INNOVATIVE / INDUSTRIOUS / INSPIRING, free-market, barrier-breaking, world-spreading, LIBERATING ENTREPRENEURSHIP

    No. 25, Sep.-Oct. 2020

    The Market for Ideas initiated an editorial project in which “international business and economics” students, besides being consumers of quality information, become (co)producers of this “good”. The concept aims for a quadruple gap-filler... More



    Zombified Finance and the Walking Dead Economy

    Zombified Finance and the Walking Dead Economy

    No. 25, Sep.-Oct. 2020

    The financial crisis of 2007 was the result of a constant accumulation of risks facilitated by the gradual lowering of interest rates. This decrease allowed the emergence of an allocation of resources incongruous with the economic... More



    “Under the Spreading Chestnut Tree”… I Forgot My History

    “Under the Spreading Chestnut Tree”… I Forgot My History

    No. 25, Sep.-Oct. 2020

    It is strange for any of us who live in relatively free societies to picture oppression. It is probably why most of us have an insatiable desire for dystopian television productions. The hair raising, mind and heart stimulating stories take us to a... More



    Bracing for Hurricane Democracy

    Bracing for Hurricane Democracy

    No. 25, Sep.-Oct. 2020

    With the conclusion of the two ceremonial national conventions of the two US parties, the Democrats and the Republicans, one may say that the presidential race has begun in earnest. The current election will be unique in modern American... More



    Rights, Constraints, and Offsets in Handling the COVID-19 Pandemic

    Rights, Constraints, and Offsets in Handling the COVID-19 PandemicEconomy Near Us (XXXII)

    No. 24, Jul.-Aug. 2020

    The COVID-19 pandemic has shown us, among other things, that the development of human knowledge can entail a series of risks that can endanger both the existence of the individual and of the society in which we live. In this time of crisis, an important... More



    The COVID State

    The COVID State

    No. 24, Jul.-Aug. 2020

    In 1976, an ABC movie entitled “The Boy in the Plastic Bubble” recounted the tragic story of a child suffering from severe combined immunodeficiency (SCID). Although the child died when he was twelve, doctors have since found a cure for this... More



    The Inconsistency of Biological Analogies in Economics

    The Inconsistency of Biological Analogies in Economics

    No. 24, Jul.-Aug. 2020

    I often tend to use biological analogies either as a simple heuristic or an explanatory model in an analysis, or as a purely illustrative model in support of certain ideas by constructing argumentative structures. For instance, in an attempt to understand how... More



    The Sustainable University: Concept and Conception

    The Sustainable University: Concept and Conception

    No. 24, Jul.-Aug. 2020

    “Sustainable University” is a kind of phrase to emanate a semantic scent with connotations – traced back to an ages-old polarity, yet always at great fashion in social affairs – seemingly both conservative and progressive. Really? Can we so... More



    Charter Cities: Vernian Fantasy or Human Reality?

    Charter Cities: Vernian Fantasy or Human Reality?

    No. 24, Jul.-Aug. 2020

    In 1895, the French novelist Jules Verne launched one of his many visionary ideas that either became reality or something future next generations are expected to achieve. Propeller Island follows the story of four musicians whose services are demanded... More



    Corona-blues: A Brief Reflection on the Challenges of Managing the Coronavirus Pandemic

    Corona-blues: A Brief Reflection on the Challenges of Managing the Coronavirus Pandemic

    No. 24, Jul.-Aug. 2020

    That the new coronavirus has taken the world by storm is no longer a surprise, causing significant casualties worldwide as well as civil unrest and disrupting economies, with ever grimmer prognoses. Much has been said about both the... More



    Defined Contribution Pensions, But Not Really

    Defined Contribution Pensions, But Not ReallyEconomy Near Us (XXXI)

    No. 24, Jul.-Aug. 2020

    From a theoretical (and philosophical) point of view, the (defined contribution) pension in a pay-as-you-go system is an impersonal, non-coexistent, inter-generational, and mandatory quid pro quo. The referee which must assure that the quid pro quo is... More



    International Digital Conference on Multidisciplinary Research and Perspectives for Innovative Higher Education 2020

    International Digital Conference on Multidisciplinary Research and Perspectives for Innovative Higher Education 2020

    No. 24, Jul.-Aug. 2020

    University of South Asia, Lahore, Pakistan, presents the International Digital Conference 2020 on Multidisciplinary Research and Perspectives for Innovative Higher Education on July 24-25th, 2020. The main topics include: Artificial.... More



    The Pandemic and the Standard of Living

    The Pandemic and the Standard of Living

    No. 24, Jul.-Aug. 2020

    A recent report was issued by the Research Institute for Quality of Life of the Romanian Academy, titled The pandemic and the standard of living. Social policies. Its authors were Daniel Arpinte, Sorin Cace, Simona Mihaiu, Iulian Stanescu, Simona... More



    Stealing into Power by Opposition to Power

    Stealing into Power by Opposition to Power

    No. 24, Jul.-Aug. 2020

    Two acute observers of the American system and its decentralized character were Alexis de Tocqueville, who with his friend Gustave de Beaumont traveled through America for around nine months while studying America’s prisons... More



    Twelve Countries Cumulate 80% of the Pandemic Deaths

    Twelve Countries Cumulate 80% of the Pandemic Deaths

    No. 24, Jul.-Aug. 2020

    The “parallel world” of the pandemic has two main coordinates: contagion cases and deaths, accompanied by the very important indicator of fatality rate relative to contagion cases (Rc/d).In our previous interventions, we demonstrated that the... More



    Placing the Central Asia Region in the Equation of Neo-Colonialism Promoted by Russia

    Placing the Central Asia Region in the Equation of Neo-Colonialism Promoted by Russia

    No. 24, Jul.-Aug. 2020

    The reconsideration of Russia’s foreign policy was made under the condition that, as a result of the steep increase in international prices for crude oil and natural gas, considerable financial resources flooded into the state treasury. With... More



    The Absorption of Uncertainty and Exiting from the Pandemic

    The Absorption of Uncertainty and Exiting from the PandemicEconomy Near Us (XXX)

    No. 23, May.-Jun. 2020

    The individuals (and, to some extent, the groups) make decisions based on their perception regarding the future, rather than on a rigorous calculus based on accurate models of rationality (such a conclusion has long been reached by the researchers... More



    A New Silk Road – Russia’s position

    A New Silk Road – Russia’s Position

    No. 23, May.-Jun. 2020

    The first version of the Silk Road is placed by analysts at the beginning of the westward expansion of the Han Dynasty (206 BC - 220 AD). Chinese products (silk, porcelain, spices or other goods) that were highly prized began to be delivered to Europe... More



    NASA & SpaceX Launch – A New Milestone in Space Exploration

    NASA & SpaceX Launch – A New Milestone in Space Exploration

    No. 23, May.-Jun. 2020

    Over the years, space has proven to be one of the few topics that captivated people from all around the world to follow the same TV programming or online event at the same time. Individuals with different backgrounds, ethnicities, races... More



    Reading Between the Lines

    Reading Between the Lines

    No. 23, May.-Jun. 2020

    The macroeconomic situation of Romania is a subject of considerable debate inside the country. The important development of the country is, nevertheless, marred by imbalances and underwhelming reforms, constantly... More



    Conservatism and Spiritual and Social Recovery

    Conservatism and Spiritual and Social Recovery

    No. 23, May.-Jun. 2020

    As I read newspapers, popular magazines, listen to National Public Radio, watch cable television, attend Catholic Mass, and work with American academics at the deracinated institutions called colleges, I am conscious that American secular... More



    Revolt of the Disdained: Sovereignty or Submission

    Revolt of the Disdained: Sovereignty or Submission

    No. 23, May.-Jun. 2020

    The 2016 presidential election hinged on the return of overlooked or marginalized middle-class and working-class Democrats and independents – many of whom had earlier supported Richard Nixon and Ronald Reagan – to reinvigorate traditional... More



    Some Thoughts on COVID-19 Pandemic Shock

    Some Thoughts on COVID-19 Pandemic ShockEconomy Near Us (XXIX)

    No. 23, May.-Jun. 2020

    On the nature of COVID-19 pandemic shockWe think the COVID-19 pandemic shock “verifies” the following features:the shock is atypical: it has the particularity that it bypasses the standard “path” – that is, it does not affect the nominal flows... More



    Coco & Chanel: Creating Herself and a Whole Universe, from Croquis to Couture

    Coco & Chanel: Creating Herself and a Whole Universe, from Croquis to CoutureMIND(s that filled) THE GAP(s) [XVI]

    No. 23, May.-Jun. 2020

    Imagine the epitome of an elegant, stylish woman of modern times. Is she sporting chic suit pants and a matching blazer, or maybe a timeless black dress? Is her jewellery exquisite without overbearing opulence, perfectly assorted to her handbag... More



    Will We 3D-Print Medicine at Home?

    Will We 3D-Print Medicine at Home?MIND(s that filled) THE GAP(s) [XV]

    No. 23, May.-Jun. 2020

    It is around 7 AM, little Jim has just been woken up by his mom. He can distinguish clatter of softly gyrating gears from rain taping at his windowsill. There was no reason to focus more on those everyday sounds especially because he heard the same... More



    Three Paradoxes of the Territorial Distributions of Contaminations with COVID-19

    Three Paradoxes of the Territorial Distributions of Contaminations with COVID-19

    No. 23, May.-Jun. 2020

    A month ago, in the first episode regarding the pandemic, we identified the fact that the structural distribution of the spread of SARS-CoV-2 virus throughout the countries and autonomous territories of the world fulfils all the standards of the... More



    Power Through Play: Thinking Energy Outside the Box

    Power Through Play: Thinking Energy Outside the BoxMIND(s that filled) THE GAP(s) [XIV]

    No. 23, May.-Jun. 2020

    According to the World Bank (2019), roughly 1 billion people have no access to electricity whatsoever, but a Nigerian-American entrepreneur thinks football might be the solution. How is it possible? The story begins with Harvard graduate Jessica... More



    The Million Dollar Pixels: How a Student’s Idea Changed the Internet for the Better

    The Million Dollar Pixels: How a Student’s Idea Changed the Internet for the BetterMIND(s that filled) THE GAP(s) [XIII]

    No. 23, May.-Jun. 2020

    The internet. A place where (almost) everybody can see (almost) everything (almost) for free. An incredible technological asset of humanity as a whole. But how can we find everything? Do we pay these people? How many people would agree to make the... More



    Bringing Lasting Positive Change for Women

    Bringing Lasting Positive Change for Women

    No. 23, May.-Jun. 2020

    Any change brings both positive and negative consequences. Therefore, a development planner should respect various principles to promote change that minimizes negative effects. Also, certain priorities or values should be reflected. This... More



    Making History While Snacking: Microwave Meets Marketplace

    Making History While Snacking: Microwave Meets MarketplaceMIND(s that filled) THE GAP(s) [XII]

    No. 23, May.-Jun. 2020

    World War II, going on between 1939 and 1945, was one of the bloodiest confrontations in the world. It cannot be overstated how much this conflict changed the course of history, for better (if anything good can be related to wars) or worse. For... More



    Think Fast: Interactive Filmmaking Puts Consumers in the Spotlight (Or Is It Just an Illusion?)

    Think Fast: Interactive Filmmaking Puts Consumers in the Spotlight (Or Is It Just an Illusion?)MIND(s that filled) THE GAP(s) [XI]

    No. 23, May.-Jun. 2020

    In 1967, the cinephiles attending that year’s edition of Expo Montreal were left with the experience of a lifetime, having been submerged into a new dimension of film-making. Radúz Činčera’s vision brought the audiences a new perspective, as his... More



    The Risk of Poverty by Age-Groups in Romania

    The Risk of Poverty by Age-Groups in RomaniaHistory, on the verge of repeating itself after ten years

    No. 23, May.-Jun. 2020

    The risk of poverty recorded in Romania for the entire population was higher in 2019 than in 2008, according to data published by Eurostat. Almost one in four Romanians (23.8%) had an equivalent level of disposable income less than 60%... More



    Centuries of “Concrete”-Solid Discoveries of the Humankind: From Building the Roman Empire Towards Contemporary Buildings

    Centuries of “Concrete”-Solid Discoveries of the Humankind: From Building the Roman Empire Towards Contemporary BuildingsMIND(s that filled) THE GAP(s) [X]

    No. 23, May.-Jun. 2020

    Have you ever questioned what lies at the basis of the so-called highly-developed cities, at the foundation of the tallest buildings worldwide or how the infrastructure came to life? The answer is directed towards… concrete. It built the modern world... More



    WaitSafe in the Pandemic: How to Fluently Reconcile Social Distancing with Personal Mobility

    WaitSafe in the Pandemic: How to Fluently Reconcile Social Distancing with Personal MobilityMIND(s that filled) THE GAP(s) [IX]

    No. 23, May.-Jun. 2020

    The easing of the lockdown ignited with the advent of COVID-19 pandemic is still subject to strict conditions, as communities need to accommodate sanitary safety concerns with solutions for the freedom of movement for individuals, as the latter is a... More



    The Press – Social “Mediator” or “Instigator”?

    The Press – Social “Mediator” or “Instigator”?

    No. 23, May.-Jun. 2020

    On the 3rd of May we celebrate World Press Freedom Day. The power of the Press (hereinafter deliberately written with capital P, in speaking precisely of its societal vocation) and its impact on the average citizen and on the wider masses of the people is... More



    More than a Fifth of Romanians Are Employed by Multinationals

    More than a Fifth of Romanians Are Employed by MultinationalsFrance Took over from Germany

    No. 23, May.-Jun. 2020

    Germany (16.6%), France (12.4%) and Italy (9.2%) are the countries that hold the largest share in the Romanian economy by the number of employees operating in 80,591 groups of enterprises, according to the data processed and... More



    COVID-19’s Distributions and Balances of Power

    COVID-19’s Distributions and Balances of PowerProfessor CEZAR MEREUȚĂ: “Understanding this is the new challenge the most powerful leaders in the world have to face”

    No. 23, May.-Jun. 2020

    Who would have thought that precisely the most powerful countries on the planet, which invested the most in their health systems, registered the most cases of contamination with the new coronavirus? Well, an analysis by Professor Cezar... More



    The Romanian Government’s Underwhelming Response to the COVID-19 Crisis

    The Romanian Government’s Underwhelming Response to the COVID-19 Crisis

    No. 23, May.-Jun. 2020

    The Romanian Government’s response to the COVID-19 crisis has nothing exceptional, no original idea, no single individualized policy, no special or particular focus. If Sweden, no matter how controversial, dared to pursue an individualized strategy... More



    European (Dis)Integration During Pandemics

    European (Dis)Integration During PandemicsLessons for EU members about the convergence of interests

    No. 23, May.-Jun. 2020

    The big aspirations of “Unity in diversity” within European speeches seem to fade, as the supranational gathering around connection and cooperation is now, in the context of the pandemic, an ideal with less commitment than before... More



    Romania – the Fourth EU Economy in the Share of Foreign Capital Enterprises

    Romania – the Fourth EU Economy in the Share of Foreign Capital EnterprisesAnd an Interesting Paradox

    No. 23, May.-Jun. 2020

    Romania ranks fourth among EU Member States in terms of the share in gross value added (GVA) of enterprises with foreign capital (controlled from abroad) – FCE –, according to a study published by Eurostat, based on data from 2017... More



    Pandemic: How to Avoid What Is Worse

    Pandemic: How to Avoid What Is Worse

    No. 23, May.-Jun. 2020

    In addition to major health issues, COVID-19 creates major economic problems. The risk of a deep global recession is very high. It is a shock that reduces supply, especially through the shock on the labour force, through illness or social... More



    A Primer on Political Economy

    A Primer on Political Economy

    No. 23, May.-Jun. 2020

    Economist Walter E. Williams learned a principle of success by missing lunch. “At 13, I was a typical barbarian growing up in the slums of Philadelphia”, he recalls. “My mother supported us by working as a maid. Frivolous consumption often meant... More



    MORE ARTICLES

    Cultural Goods and Cultural Welfare

    Cultural Goods and Cultural Welfare Some Praxeological and Proprietarian Notes

    No. 4, Mar.-Apr. 2017

    The core intellectual conundrum that fuels the present essay is the following: is culture a product made in “free markets” or a “public good” to be provided by the state – allegedly the only societal institution able to grant individuals the collective means for bundling cultural values, for breeding cultural capital, and for maintaining sustainable cultural behaviour? The answers diverge culturally: from laissez-faire French harmonists to Marxist or Maoist communists, from cosmopolitan libertarians to nationalist autarkists, from old-school conservatives to politically-correct progressives, from Maecenas-entrepreneurs to sacrosanct bureaucrats, from freelance, self-contained artists to publicly-subsidized, politically-connected spoiled artificers. More

    Starting Up on the Island of Love

    Starting Up on the Island of Love

    No. 4, Mar.-Apr. 2017

    Victor Kislyi would for sure have been delighted with current market conditions in Cyprus, but even so, the strong-minded, iron-forged Belorussian young entrepreneur was never short of success. In August 1998 he deployed his units in Nicosia, joined them with home-based brainiacs from Minsk and started a quest to conquer the world with turn-based and real-time strategy warship games. Crown of the jewelry: the 2010 launched World of Tanks. A five-man startup in 1998, Wargaming turned into a four thousand plus employee business with over six million euros in net income. Reason enough for Cypriot authorities to reconsider their stance upon doing international business on the island of love. More

    Hyperconnected: Internet of Things, Big Data and the Future of CRM

    Hyperconnected: Internet of Things, Big Data and the Future of CRM

    No. 4, Mar.-Apr. 2017

    The way in which devices that we are using on a daily basis are designed with all kind of sensors and connected between themselves and the internet, this is the Internet of Things (IoT). Smartphones, smart TVs, and even having a smart home is pushing us into the future. We are facing a revolution, every app we use, every online search, everything that we are doing that is connected in one way or another to the online environment is building up the IoT, feeding it with information which can, and has already started to be used to predict, improve and innovate. More

    Coaching the Business Game

    Coaching the Business Game

    No. 4, Mar.-Apr. 2017

    There is a set of conventional attitudes and customs that employees from business environment try to focus on in daily work in order to achieve results. Either they are members of top management or entry-level positions, business comrades are guiding themselves (more or less) by the following principles. More

    Internationalization Squared

    Research Center in International Business and Economics (CCREI) Internationalization Squared

    No. 4, Mar.-Apr. 2017

    Research Center in International Business and Economics (CCREI) is an academic entity where the complex processes and phenomena specific to internal and global economic and socio - political landscape are analyzed and interpreted in a professional way. CCREI functions under the umbrella of the Department of International Business and Economics, Faculty of International Business and Economics, the Bucharest University of Economic Studies. More

    Cultural Diversity: Same Question, but a Different Answer. The Story of Azerbaijani Multiculturalism

    Cultural Diversity: Same Question, but a Different Answer. The Story of Azerbaijani Multiculturalism

    No. 4, Mar.-Apr. 2017

    We live in a world where people are sacrificed for being a minority. They are sacrificed for being different, although the very notion of ‘different’ is a purely subjective one. More than 70 years ago, anti-Semitism culminated with the killing of millions in Europe. Yet nowadays, the US president announces his intention to build a wall at the Mexican border. On the Asian continent, the armed forced of Myanmar are supposedly seeking the repression of the country’s Muslim minority. Africa is plagued by numerous conflicts, most of them stemming from ethnic and religious reasons, such as the rampages of the group previously known as Boko Haram in Nigeria. And Europe is facing a rise of nationalism and anti-immigrant attitudes, displayed through episodes such as Brexit or the popularity of the far-right in the French presidential elections. While the scope and the approach changed, and its roots also vary, the general attitude of rejection towards those who share a different culture, ethnicity, or religion still persists.   More

    The Risks of the Belt and Road Initiative in the Construction of the Eurasian Economic Corridor

    The Risks of the Belt and Road Initiative in the Construction of the Eurasian Economic Corridor

    No. 4, Mar.-Apr. 2017

    The EU/European market has always been fundamental to the development of economy and trade of China. The EU is the No. 1 trading partner of China. With regards to GDP, the EU is the largest economy in the world with the US and China ranking as the second and third largest economies respectively. Needless to say, the cooperation between the EU and China is of great significance to the economic development of China. For this reason, China has committed to pushing forward the construction of the Eurasian Economic Corridor, so as to facilitate the bilateral trade between the two sides. More

    Cooperation Rationale for China and the CEE Countries

    Cooperation Rationale for China and the CEE Countries

    No. 4, Mar.-Apr. 2017

    When the BRI (Belt and Road Initiative) was first introduced to the world, it was both hailed and doubted. One common misunderstanding regarding the BRI is whether it can transcend individual infrastructure construction and realize true regional economic integration, which would surely help China manage its overcapacity problem and its structural economic transition. However, we should go further and ask another question – what are the infrastructures for? More

    The New Silk Road: Hope in Times of Imminent Danger

    The New Silk Road: Hope in Times of Imminent Danger

    No. 4, Mar.-Apr. 2017

    Dark storm clouds are gathering on the horizon. The financial crisis is back, new tensions between the USA and Russia lie ahead – with heavy implications for Europe – as result of sanctions just established by the American Congress, not the President. On the other hand, we have an inkling of a new and more just world order in the making by China’s New Silk Road Initiative, formerly known as the One Belt, One Road and commonly named the Belt and Road Initiative. If mankind is to survive, we have to bury the old paradigm of geopolitics, that brought us two World Wars and threatens us today with the deadly prospect of a final one – the thermonuclear annihilation of civilization.  More

    The Other Side of the (Chinese) Wall

    The Other Side of the (Chinese) Wall

    No. 4, Mar.-Apr. 2017

    For someone who has been born in the Western world it is quite a challenge to accept or at least to imagine that world is much more diverse, old and complex than the European civilization. Even today, in the age of globalization and Internet, very few Europeans know that Europe represents just about 17% of the world gross product and only a tiny 7% of the world population. More

    Comments on the New Chinese Initiatives and Their Potential Impact on the Sino-Romanian Relations

    Comments on the New Chinese Initiatives and Their Potential Impact on the Sino-Romanian Relations

    No. 4, Mar.-Apr. 2017

    Since 2012, the new Chinese administration has begun to model the Chinese “going-out strategy” under the characteristics of self-assurance, confidence, leadership and global networking. Initially, the Belt and Road initiative (BRI), announced in autumn 2013 by President Xi Jinping, might have appeared as utopian in the intention of reactivating and extending the Silk Road by land and sea beyond Asia-Pacific, towards Europe, Africa and America. The long-term vision of the BRI is underscored by its first implementation phase, which should be finished until 2049, the year of the 100th anniversary of the People’s Republic of China. More

    Romania and China – Friends with No Benefits

    Romania and China – Friends with No Benefits

    No. 4, Mar.-Apr. 2017

    When it comes to the relations between Romania and China both parties refer to each other as being “old friends”, invoking a “traditional friendship” that ties the two nations separated by more than 8,000 km. Although Romania was one of the earliest countries to recognize the People’s Republic of China and the relations were close during the 1970s and the 1980s, with China being one of Romania’s strategic trading partners, the 1990s have been a period of mutual disengagement not only concerning Romania, but all the Central and Eastern European countries (hereafter referred as CEEC). Closer ties were reestablished starting with 1998 as China consolidated its position as an important player in the global economy, marking its new phase of development by entering the World Trade Organization in 2001, The CEEC were also in a process of reorientation, gaining security guarantees and new economic perspectives through their piecemeal European and Trans-Atlantic integration. More

    What Is the Real Cooperation Between China and the Countries of Southeastern Europe

    What Is the Real Cooperation Between China and the Countries of Southeastern Europe How may export to the Chinese market be increased?

    No. 4, Mar.-Apr. 2017

    We have been listening to more and more stories of the New Silk Road (the Belt and Road Initiatives), both in the countries of Eastern and South-Eastern Europe that are approached by this Chinese initiative, as well as in the countries of Western Europe and the United States, which view it with great suspicion.  More

    The Framework of China’s Cooperation with Central-Eastern Europe: A View from the Baltics

    The Framework of China’s Cooperation with Central-Eastern Europe: A View from the Baltics

    No. 4, Mar.-Apr. 2017

    This small material represents an interpretation-based commentary on a particular issue – how a strategically important region for a global actor could clearly determine its role within a sophisticated framework related to a geo-strategic initiative of another global actor. Our discussion revolves around the Baltic States, the EU, China, its Belt and Road Initiative (BRI), and, a direct extension of the latter, the Chinese state’s rapidly developing interconnectedness with a patchy region of sixteen Central and Eastern European countries (the 16+1 Initiative).  More

    The Usefulness of the Danube Strategy for the 16+1 Mechanism and the Belt and Road Initiative

    The Usefulness of the Danube Strategy for the 16+1 Mechanism and the Belt and Road Initiative

    No. 4, Mar.-Apr. 2017

    On the initiative of the People’s Republic of China aimed at intensifying and expanding cooperation with 11 EU member and 5 non-EU member states all in Eastern and South-East Europe the so-called “16+1” mechanism for cooperation was established. It embraces several fields, from investments, transport and finance, to science, education and culture. In the framework of the initiative, China has defined three potential priority areas for economic cooperation: infrastructure, high technologies and green technologies. For ensuring continuous development of the cooperation, a platform of regular meetings was established in 2012. At these meetings, the Chinese Prime Minister meets once a year with the leaders of the 16 countries. Upon the “16+1” mechanism the “Belt and Road Initiative” (BRI) of China got a strong support for realization in Eastern and South-Eastern Europe. More

    China's Space Programme – Born Out of National Needs, Poised to Support Global Progress

    China's Space Programme – Born Out of National Needs, Poised to Support Global Progress

    No. 4, Mar.-Apr. 2017

    The 21st century is believed to become the Asian century. In the last few years, China has introduced several economic and political initiatives which promote its rise as a global power. Embedded in its development and rise is the national space programme. Western observers tend to look at China's space programme as being small, slow, technologically less advanced and not significant enough. Is this a correct view of the current reality? Is China's space programme able to support not only national advancement in science and technology but also support global progress? Which role does the New Silk Road project play in this process? Is it possible to predict China’s near-term future in space? The authors, through consulting open source information and performing in-depth analyses, look to find qualified answers to these questions.  More

    The Drunkenness of Words and the Drunkenness of Reason

    The Drunkenness of Words and the Drunkenness of Reason Preface to the Romanian translation of  The Rape of the Masters: How Political Correctness Sabotages Art,  by Roger Kimball

    No. 4, Mar.-Apr. 2017

    There are books and authors about which you somehow feel they must exist even if you have not met them yet. Under an avalanche of cultural nonsense, you are still waiting for the emergence of some intelligent voices, educated and courageous, to reconfirm the criteria, to affirm, without fear or uneasiness, that white is white and black is black, voices which are not intimidated by the spirit of time, by false academic requirements or endlessly cultural whims, and to write well and make an indispensable artistic recovery effort, in the spirit once proclaimed by T.S. Eliot, “elucidation of works of art and the correction of taste”. More

    Music Industry Development – Future Global Trends on the Rise

    Music Industry Development – Future Global Trends on the Rise

    No. 4, Mar.-Apr. 2017

    The music industry has developed at high speed in the last 30 years and it has changed the way music is listened to, purchased and even produced. Global Internet connections made possible the distribution of music in an instant and immaterial form. Daily, millions of people use different tools like Facebook Social Media, Google+, Twitter, Youtube etc., to interact with the music industry and its dedicated platforms like Soundcloud, Mixcloud, Spotify, Digitally Imported, etc. More

    The Astana Process - Problems and Prospects

    The Astana Process - Problems and Prospects

    No. 4, Mar.-Apr. 2017

    In late 2016, the heads of Russia and Turkey proposed to hold talks in Astana. The President of Kazakhstan, Nursultan Nazarbayev, during the telephone talks with Vladimir Putin and Recep Tayyip Erdogan supported this initiative and expressed readiness to provide a platform for such talks. More

    The Fight against Extremism in Central Asia and the Role of the SCO and the CSTO

    The Fight against Extremism in Central Asia and the Role of the SCO and the CSTO

    No. 4, Mar.-Apr. 2017

    This article is devoted to the problem of building regional security in the Central Asian States within the structures of the Shanghai Cooperation Organisation (SCO) and the Collective Security Treaty Organization (CSTO). Only coalitional efforts of all interested States can provide effective resistance to the transborder terrorism in the region. Therefore, the importance of international cooperation in the field of security is increasing. Of the central Asian states, Kazakhstan, Kyrgyzstan and Tajikistan are members of CSTO. Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan are members of the SCO. Therefore, the organizational-institutional framework of the CSTO and the Shanghai Pact allows these States to combat these threats. Meanwhile, Turkmenistan remains a neutral state, non-aligned to the blocs being formed or joined by its neighbors.  More

    Youth Empowerment Seen from the Gulf Countries

    Youth Empowerment Seen from the Gulf Countries

    No. 4, Mar.-Apr. 2017

    Lack of communication, the failure of governments to design policies, inertia in changing mindsets and reluctance were the problems seen as obstacles in promoting the youth in today’s world during the 6th edition of the International Government Communication Forum that took place last week in the emirate of Sharjah in the United Arab Emirates, a forum that gathered over 2,500 governmental experts, academics, researchers and business people, former Presidents of countries and Prime Ministers. More

    Why the EU Banking Union Won’t Work for Long

    Why the EU Banking Union Won’t Work for Long

    No. 4, Mar.-Apr. 2017

    Banks are economic profit driven entities taught to perform in a competitive environment. Business agents cannot act lawfully in a predetermined and heavily regulated environment without seeking new niches and innovative business lines. Historically, money lenders and banking establishments have lent money to all kinds of borrowers and have financed various activities. More

    Planning for Freedom in Central and Eastern Europe: Mises’s Proposal for Political Integration

    Planning for Freedom in Central and Eastern Europe: Mises’s Proposal for Political Integration

    No. 4, Mar.-Apr. 2017

    Today, Ludwig von Mises (1881 - 1973) is primarily remembered for his contributions to economic theory. But Mises’ contributions are not confined to scholarly works on economics and epistemology. We may say that there is yet another side to this profound thinker and prodigious author, to which Ebeling (2012) astutely refers to as the "unknown Mises" or Mises, the applied economist. More

    South-Asian Standoff: The Broader Implications of Russian Involvement in the South China Sea

    South-Asian Standoff: The Broader Implications of Russian Involvement in the South China Sea

    No. 4, Mar.-Apr. 2017

    Sino-Russian relations are never easy to categorise neatly. Marked in equal measures by common interests and a mutual distrust, by a tendency to cooperate as well as the pressure of the competition that their geopolitical profiles consign them to, China and Russia have not had any significant clashes since the end of the Cold War, when a Sino-American alliance was forged as part of the US strategy to contain the USSR. Over the years, there have been various efforts on both camps to capitalise on their mutual interests and solidify their collaboration. Both countries are part of the Shanghai Cooperation Organisation, and China has resumed importing Russian military gear following a European Union-enforced arms embargo in the wake of the Tiananmen Square protests. The NATO presence in Central Asia and the Middle East has also driven Russia and China to seek common ground in order to avert the expansion of American influence in the region. Moreover, in 2014, China and Russia signed a 30-year deal to sell energy to China and to build the ambitiously named Power of Siberia, a pipeline which would transport Russian gas to the Far East. More

    Trump and the Paris Agreement

    Trump and the Paris Agreement

    No. 4, Mar.-Apr. 2017

    The negotiations for the Paris Agreement were concluded at the 21st Conference of Parties of the UN Framework Convention on Climate Change in December 2015, and it entered into force in October 2016. It has been signed by 195 countries and ratified by 144. President Trump has repeatedly spoken out against the Paris Agreement and the “climate change industry” and made it a campaign plank to exit the Agreement. For all of its apparent randomness, there is one obvious trend in his Cabinet appointments, past and present, which is to appoint people who exhibit an ideological break from the policies of the past Administration or who are skeptical of the worldview of their respective agencies. Naming a “climate change skeptic” and pro-business advocate, Scott Pruitt, to the Environmental Protection Agency was one such move. Naming a China and free trade skeptic, Robert Lighthizer, to be US Trade Representative (a Cabinet level appointment) was another. And there are still more examples, such as the failed nomination of fast-food CEO Andrew Puzder as Secretary of Labor. More

    Budapest, Again the “Capital” of 16+1

    Budapest, Again the “Capital” of 16+1

    No. 4, Mar.-Apr. 2017

    Budapest hosts this year on the 27th of November the sixth summit of 16+1 Initiative, designed China and its 16 Central and Eastern European (CEE) partners. The first economic forum of the 16+1 countries took place also in Budapest, six years ago. The 16+1 mechanism was officially initiated in 2012 during the Warsaw Summit by the People’s Republic of China in order to stimulate the cooperation with Albania, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Former Yugoslav Republic of Macedonia, Montenegro, Poland, Romania, Serbia, Slovakia and Slovenia. The subsequent yearly summits (Bucharest, Belgrade, Suzhou and Riga) and side events such as business forums, national coordinators’ gatherings, seminars and various 16+1 Ministers' meetings have given a new impetus to China-CEE relations.  More

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    Amfiteatru Economic

    OEconomica No. 1, 2016
    IN THE AGORA
    Agora
    “Pierre Werner Centenary” medal “Pierre Werner Centenary” medal

    The National Institute for Economic Research “Costin C. Kirițescu” of the Romanian Academy bestowed the “Pierre Werner Centenary” medal to the Rector of the Bucharest University of Economic Studies, Professor Nicolae Istudor, Ph.D., in recognition of his contributions to higher education and academic research and of his sustained efforts to promote the national culture and its values in the Wernerian sense of harmony and compatibility with the wider European civilization and its aspirations.

    The ceremony was occasioned by the 4th edition of the International Conference ESPERA 2016 on “Economic Scientific Research – Theoretical, Empirical and Practical Approaches”, which took place in Bucharest on December 15-16, 2016. Professor Nicolae Istudor’s keynote speech may be viewed here.

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    Geopolitics and the New Silk Road Geopolitics and the New Silk Road

    Professor Silviu Neguț, Ph.D., delivered a speech on the geopolitics of the New Silk Road and its Eurasian philosophical backdrop during a conference organized by the Black Sea University Foundation on the subject of “Oil and the New Silk Road”. The event took place on December 13, 2016, and brought together a host of noted Romanian specialists from academia, government and private sector. Among them were Vasile Iuga, Senior advisor at PwC Romania, Radu Dudău, the Energy Policy Group, and Liviu Mureșan, the EURISC Foundation. The discussions were moderated by Professor Dan Dungaciu, Ph.D., President of the Black Sea University Foundation and head of the Institute for World Economy, the Romanian Academy (details here).

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    NATO foreign ministers’ meeting NATO foreign ministers’ meeting

    Alexandru Georgescu was a participant, alongside Răzvan Munteanu, Iulian Popescu and Andrei Vlăsceanu, on the ZIUA Z (D Day) TV Show hosted by Col. (ret.) dr. Ion Petrescu on the subject of the latest meeting of NATO Foreign Ministers. The TV Show aired live on December 8, 2016, on 6TV and can be viewed online here.

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    Romania’s EU Council Presidency Romania’s EU Council Presidency

    On November 28, 2016, dr. Octavian-Dragomir Jora declared for Agerpres: “Looking forward to Romania’s Presidency of the EU Council in the first semester of 2019, our country has to employ wisdom and intelligence in mating two essential strains of modern governance by utilizing an appropriate political decision-making structure and an open and competent popular consultation. The first is going to be the often invoked ‘country project’. It does not have to represent a simple piece of ‘literature’, filled with the intellectual infatuation of the contributors and the documents’ custodians, but a two-directional educational exercise (between the decision-making and reflecting elites, on the one hand, and the public, on the other hand) and a sincere discovery of ‘national interest’. In my opinion, this is the best known ‘unknown’ of the domestic public discourse. It is a fixture in the national psyche post-accession, while remaining tantalizingly out of reach of both the public and the authorities and their advisors. The second one is this administrative exercise, which demands institutional maturity: the Presidency of EU Council. Addressed responsibly and rigorously, the course of managing the EU agenda represents a unique moment of opportunity and challenge which can have the benefit of improving Romania’s image as an exotic and erratic presence in the European picture”. (www.agerpres.ro)

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    European challenges for Romania European challenges for Romania

    Europarliamentarian Laurențiu Rebega and the Foundation for the Europe of Nations and Freedom organized on the 26th of November, in Târgu Mureș, the Conference “The European Union and Economic Challenges for Romania”. The event took place in proximity to the impending anniversary of Romania’s accession to the EU, nearly ten years ago. The presentations discussed the pros and cons of accession and highlighted the risks, vulnerabilities and threats that our country will have to manage. Professor Dumitru Miron, Ph.D., and Associate Professor Octavian-Dragomir Jora, Ph.D., from the Faculty of International Business and Economics, the Bucharest University of Economic Studies, Professor Nicolae Băciuț, writer and publicist, and Cora Maria Muntean, President of the National Association of Romanian Merchants (ANCR), were among the speakers (details here).

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    CEECs and the geopolitical winter CEECs and the geopolitical winter

    Alexandru Georgescu was a participant, alongside Răzvan Munteanu and Iulian Popescu, on the Valori Euroatlantice (Euroatlantic Values) TV Show hosted by Col. (ret.) dr. Ion Petrescu on the subject of the Geopolitical Winter in Eastern Europe. The TV Show aired on November 20, 2016, on 6TV and can be viewed online here. Key quotes and comments can be found here.

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    Science and the metrics of visibility Science and the metrics of visibility

    Octavian-Dragomir Jora delivered a speech at Târgul de Carte Gaudeamus (the Gaudeamus Book Fair), on November 16, 2016, during the launch of an important book, “A concepe, a redacta și a publica un articol științific. O abordare în contextul cercetării economice” (“Conceiving, Writing and Publishing a Scientific Article. An Approach in the Context of Economic Research”), written by Vasile Dinu, Gheorghe Săvoiu and Dan-Cristian Dabija. Octavian-Dragomir Jora argues that the neglect of scientific dissemination in national journals is a result of a structure of perverse incentives for researchers, for whom a series of “minimalistic” criteria have been set with an exclusively external orientation and without an attempt to establish a reasonable set of coefficients for truthful comparison between internal and external publications. This leads to distortions of the Romanian landscape for reviewing, validating and disseminating scientific ideas, hindering their gradual entry into the worldwide scientific marketplace and maintaining an unproductive separation between national and global spaces (details here).

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    Riga 2016, China-CEECs meetings Riga 2016, China-CEECs meetings

    As a member of the EURISC Foundation, Alexandru Georgescu was the only Romanian attending the International Think Tank Forum of China and Central and Eastern European Countries held in Riga, Latvia, on November 4, 2016, in parallel with a series of other events related to 16+1 cooperation, including the Summit of the Heads of Government of 16+1, the launch of the Logistics and Transport Center for 16+1 in Riga, a business forum and a conference of sinologists. A short article in Romanian describing the event can be accessed here. A publication titled “Afterthoughts of the Riga 2016 China and Central and Eastern European Countries Think Tank Forum” can be accessed here, featuring also a contribution from Alexandru Georgescu.

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    As a member of the EURISC Foundation, Alexandru Georgescu accompanied EURISC Foundation President dr. Liviu Mureșan to the International Conference on Synergies between 16+1 and the Belt and Road Initiative, organized by the Shanghai Institutes for International Studies (SIIS) on September 25-26, 2016, in Shanghai. A short article in Romanian describing the event can be accessed here.

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    EU, liberal or illiberal momentum EU, liberal or illiberal momentum

    The Center for Institutional Analysis and Development – Eleutheria (CADI), The Friedrich Naumann Foundation (FN), The Institute for Economic Studies – Europe (IES – Europe) and The Society for Individual Freedom (SoLib) organized The September School of Economics, Politics and Philosophy, September 20-25, 2016, at the Hotel Apollo Hermannstadt in Sibiu, Romania. This year’s theme was “Europe at the Crossroads: Illiberal Challenges, Liberal Alternatives”. On this occasion, Octavian-Dragomir Jora delivered a speech entitled “Brave New Europe: Technology, Democracy, Technocracy, Demagoguery” (details here).

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