Mihai Răzvan Nedelcu
Mihai Răzvan Nedelcu
Ph.D. student at the Bucharest University of Economic Studies, the Faculty of International Business and Economics, passionate about history, geopolitics, political science and economics
The Missed Colossus

The Missed Colossus

No. 49, Sep.-Oct. 2024 The $20 decillion ($20,000,000,000,000,000,000,000,000,000,000,000!) fine imposed by Russia on Google (The Washington Post, 2024) is largely symbolic but reveals the arbitrary and absurd despotism into which the Russian Federation has gradually transformed—a stark contrast to the 1990s, when Bill Clinton and Boris Yeltsin appeared to foster a spirit of friendship, and discussions of Moscow joining NATO were not (yet) laughed out of the room. More


BRIC(S) by BRIC(S)

BRIC(S) by BRIC(S)

The East vs. West dilemma that has characterised the latter half of the twentieth century was put on hold following the collapse of the Soviet Union, only to be brought again into the mainstream following the Russian annexation of Crimea (and the subsequent invasion of Ukraine in 2022). However, the situation is complex and constantly evolving, the invasion itself managing to shake the way we perceive geopolitics. A paradoxical organisation is making bold announcements (in light of the recent summit), pushing rhetoric meant to represent the “Global South” as an actor, in opposition to the West, or as an up-to-date version of the Non-Aligned Movement. All this, while the Global South looks like a lucrative market for Russian exports, amidst the Western-imposed economic sanctions. Will East vs. West become North vs. South?  More


The Symphony Strikes Back

The Symphony Strikes Back

During a military parade, nothing is more eye-catching than the expensive hardware that is brought in order to display the nation’s capacities and ambitions, which are calibrated in a rigorous manner to eventually self-defend itself, a desirable scenario that is. A sense of pride and marvel usually engulfs the audience in what can cynically be described, in the words of the heavy metal band Pantera, as a “vulgar display of power”.However, the audience rarely, if ever, questions the aspect of value, and if they do so, the numbers skyrocket to a degree where they no longer become palpable. The bread is cheap, while the circus is as expensive as ever.The event that the world witnessed a few days ago may have been a coup, a travelling circus accompanied by the music of a reputable German composer, a rebellion, a display of power or a combination of all of the above. The nature of the event is still uncertain, but it manages to give us another example of why economic privileges can lead to complications.  More


Why Nations Move Their Capitals

Why Nations Move Their Capitals

When asked about the capital city of a country, the obvious answer may not be the correct one and there are plenty of examples for this. Usually, we tend to think of cities like Istanbul, Sydney, Lagos or Rio de Janeiro as being capitals, but in fact, they are not. Sometimes the biggest city is not the seat of government and the list might grow as both Egypt and Indonesia announced they plan to build new ones from scratch.  More


The Long-Lasting Effects of Colonial Policies

The Long-Lasting Effects of Colonial Policies

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 the “scramble for Africa” taking place in the latter half of the 19th century, while American colonization began in the late 15th century, but the great European empires eventually had most of the world, at one time or another, under colonial rule. All those four countries share a similar past which involved being ruled by Europeans with varying degrees of autonomy, exploitation or even representation in democratic processes. However, the similarities stop there. Canada and New Zealand are both considered developed countries which hold economic and commercial power while Libya can barely be seen as a functioning state due to its internal unrest. Indonesia is somewhat in the middle, having an emerging economy status while controlling a loosely connected archipelago dominated by ethnic and religious heterogeneity. How did these countries turned up so different from one another despite their shared status as colonial subjects? More


Central Asia: The World’s Next Powder Keg

Central Asia: The World’s Next Powder Keg

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 arid and sparsely populated while the Northern part is dominated by the Eurasian steppe, a flat grassland which stretches from Ukraine all the way to the northeastern parts of China. Historically this steppe was inhabited by nomadic or semi-nomadic peoples whose economic activity was herding and one of their main assets was the horse. The region was dominated by Iranian peoples until the Turkic migration (some 1000 years ago) happened. The land was fought over multiple times in history as it was once seen as an important connection between East and West due to the Silk Road. The inhabitants earned a reputation as great warriors especially when riding a horse (horse archery was one of their strong traits). For reference, here is a brief listing of the most important empires who ruled over Central Asia: the Persian Empire, Göktürks, Mongol Empire (and its successor states), Seljuk Turks, Timurids, Russian Empire (later U.S.S.R.) and even incursions coming in from China.  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 Better

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 internet a bigger and better place for free? The answer is simple: a few. The main source of online income comes from advertising. We got used to them on television, radio and even on the streets but who came with the idea of implementing them online? In this article, I will uncover the story behind internet advertisements and the minds behind it.  More


Why Columbus Was Not Chinese

Why Columbus Was Not Chinese

Christopher Columbus, the world’s most famous explorer, represents a unique case study in world history and innovation. He is regarded as being a (very) controversial figure, his story being filled with mass murders and enslavement. However, he may have left us a unique perspective about where innovation come from and how we can encourage it.  More


The “Czar” and the Sankt…ions

The “Czar” and the Sankt…ions

Judging by recent events, we may be witnessing the last days of the conventional war as we know it. Although conventional weapons are still an asset of the great military powers, we have recently seen a shift from physical, tangible military techniques, with troop movements and defensive positioning, to less immediately visible practices such as cyber-attacks, fake news or misinformation with the role of destabilizing the rival nation. Here we can also discuss the issue of economic sanctions, the most recent targeting the Russian Federation following the invasion of Ukraine. Are we entering a new era in which military leaders will be trained in finance and trade and not in the martial field? More


Did the Pandemic Reverse Pasokification?

Did the Pandemic Reverse Pasokification?

Most of us probably do not remember the Greek political former hegemon PASOK. Instead, some of us may be inclined to skip over the letter “S” and think of another kind of Greek hegemon, the football team PAOK. However, PASOK (Panhellenic Socialist Movement) made its way in the history books by dominating (in an ideological sense) the political landscape of Greece. On the other hand, its downfall became a textbook case of the loss of popularity of the left-wing political parties, not just in Greece, but in all of Europe. This trend is called “Pasokification” and refers to the failures of socialist parties in the West to attract members and gain votes in the last decade. Will this trend remain relevant in the current pandemic context?  More


FIRST EDITION

SUBSCRIPTION

FOUNDATIONS
The Market For Ideas Association

The Romanian-American Foundation for the Promotion of Education and Culture (RAFPEC)
THE NETWORK
WISEWIDEWEB
OEconomica

Amfiteatru Economic