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Central to the Washington administration’s stated policy agenda is a concern for working Americans by creating jobs and raising their standard of living. This goal is intended to be achieved by developing US manufacturing. Taken in isolation, such a goal…
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In an earlier post entitled “The Attack on the Western Auto Industry Explained” I referred to the five generic strategies that American Harvard professor Michael Porter identified as the only options of any business strategy. The first two are cost-based…
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The dramatic changes we are experiencing from a geopolitical perspective have caught Europe, but also Romania, off guard. The US is not only signaling a geostrategic and military decoupling from Europe, but its leaders seem motivated to encourage nationalist and…
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2024 was a truly special year. Around the world, more than 80 national elections were held, involving 4.2 billion people – over 50% of the world’s population. Foreign Affairs magazine estimates that an electoral cycle of this magnitude will not…
Read moreWhile all eyes are on the tragedy in Ukraine these days, there is a consensus among political and military analysts that the defining issue for this century will not be US relations with Russia, but those between the US and…
Read moreWhile the most predicted recession in the developed world is about to ignore the consensus and not show up, the news that has been labelled “good” until recently continues to cause concern and lead to stock market falls. At a…
Read moreThe yield curve plots the returns on government bonds by maturity, starting from the shortest and going up to the longest ones. The chart is closely watched as it can provide interesting indicators about the investors’ perception of future economic…
Read moreMeasuring inflation by keeping an eye on a basket of goods and services is not infallible. And that is not only due to the one-year delay in updating the consumer basket`s contents or because the contents vary with the population…
Read moreThe other days I discussed with a well-known journalist about the reasons of Viktor Orban`s success in Hungary. My interlocutor was talking admiringly about him because he had understood that Hungary could no longer be underpinned by a foreign direct…
Read moreI spent quite a while hesitating between two title versions. The other version would have asked „Is Romania a torn country?”. The “torn country” concept was coined by Samuel P. Huntington in his celebrated book The Clash of Civilizations, where…
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