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Events

Economic Challenges in the Context of Convergence

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The economic crisis showed us that pro-cyclical policies, which Romania was also seduced by, make the recovery more painful. This is why it is important to discuss openly if and why is it worth creating big deficits exactly when the economic situation is good, instead of preserving fiscal space for “hard times”, when the economic expansion will be exhausted.

Responsible Economic Policies and Sustainable Growth

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The Romanian economy is currently facing a context circumscribed to 3 post-stages: post-transition, post-EU accession, and post-crisis. These open a “new beginning” from an economic and institutional point of view. In this respect, a new development model must give up at least several illusions: first, the illusion that prosperity can be built on economic deficits and public debt, or on

Public Governance Scan of Romania: OECD Report

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In the past 26 years, the economy and the society suffered changes, evolutions, modernisation but, unfortunately, the public sector is the one that was probably reformed the least, and the arguments are not at all difficult to infer. In post-communist Romania there was no profound, systemic interest to assess and redesign public administration, from top to

US Trade Winds Forum – Romania, 2017

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Romania must become a country where success is based on fairness and performance, not on favours and political connections. It is time for Romania to make the step beyond the minimal standards of a functioning market economy. It is time to become a consolidated market economy. In this regard, Romania needs to provide stability and economic policy predictability,

The Paradox of Modernity: Anti-capitalists against the System

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The economic crisis opened a new trend in political and economic debates, one in which it is ‘cool’ to be “against”: against the market, against capitalism, against the economy. This is a popular form of revolt against the system although, if we take as example ‘Occupy Wall Street’, it is easy to understand how far from their goal are the anti-capitalists who protest against the system.

Cosmin Marinescu