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Regulations Rather than Awareness Drive IT Security Efforts

Regulations Rather than Awareness Drive IT Security Efforts

According to a joint PwC Romania and Microsoft Romania survey launched today, “Security in the Digital World”, investments in cybersecurity are mostly driven by regulatory requirements instead of the organizations awareness of the actual and ongoing IT security threats. On the plus side, companies acting in highly regulated sectors such as the financial industry, for example, are usually better prepared to tackle cyber threats. More

No. 5-6, May.-Aug. 2017 2017


Terrorist Influence on Children in Cyberspace

Terrorist Influence on Children in Cyberspace

Terrorist groups are using cyberspace to propagandize ideological, political and religious concepts, for mutual communication and organization of activities, for planning attacks in the real world and for financing. Social networks such as Facebook, Twitter, Instagram, Telegrams have contributed to radicalization and recruitment, primarily of children and young people who accept the principles of terrorists and join their ranks. Modern ways of communication have enabled terrorists to successfully increase membership and their ranks without direct, physical contact. More

No. 5-6, May.-Aug. 2017 2017


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

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

No. 4, Mar.-Apr. 2017 2017


Cooperation Rationale for China and the CEE Countries

Cooperation Rationale for China and the CEE Countries

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

No. 4, Mar.-Apr. 2017 2017


The New Silk Road: Hope in Times of Imminent Danger

The New Silk Road: Hope in Times of Imminent Danger

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

No. 4, Mar.-Apr. 2017 2017


The Other Side of the (Chinese) Wall

The Other Side of the (Chinese) Wall

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

No. 4, Mar.-Apr. 2017 2017


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

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

No. 4, Mar.-Apr. 2017 2017


Romania and China – Friends with No Benefits

Romania and China – Friends with No Benefits

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

No. 4, Mar.-Apr. 2017 2017


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

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

No. 4, Mar.-Apr. 2017 2017


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

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

No. 4, Mar.-Apr. 2017 2017


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

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

No. 4, Mar.-Apr. 2017 2017


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

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

No. 4, Mar.-Apr. 2017 2017


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OEconomica No. 1, 2016