Octavian-Dragomir JORA
Academia de Studii Economice din Bucureşti
The Three Seas Initiative (3SI) is a well-organized framework of thirteen European Union member states, although it is not an organization per se by the international relations textbooks. The inceptors (Poland and Croatia) advanced a more flexible format of cooperation, a diplomatic ploy to reconcile capitals suffering from the (un)recognized desire to be seen as the alpha-specimen in the Central and Eastern European region – or, putting it otherwise, as “hub”, “turntable”, “facilitator”, “bridge/binder”, “moderator/mediator”, “stability broker”. Poland, with a geo-political-economic DNA that contains the most numerous such genes, teamed-up with a smaller country, Croatia, in order not to be accused of disguised imperialism or Intermarium nostalgia. As a reminder, Poland is famed for the prodigious post-1989 reforms that secured it the status of precocious member of both NATO and the EU, where it displays an outright and outspoken “price-maker” philosophy, rather than acting as a receptive and resigned “policy-taker”. Perceived as a privileged partner and promoter of the US in the region, it wisely accepted later on, in the 3SI, the co-leadership of Bucharest, so as to gain some critical mass, also subtly indulging Berlin’s (and Brussels’) grip, so as to keep “the least closest” friends closer. The pragmatic stake of the 3SI structure? Infrastructure(s): transportation, energy and digital. Connecting the East from North to South.
THE GEO/POLITICAL/ECONOMIC PROFILE OF THE THREE SEAS INITIATIVE [PROFILUL GEO/POLITIC/ECONOMIC AL INIŢIATIVEI CELOR TREI MĂRI]
Silviu CERNA
Universitatea de Vest din Timişoara
In the past two years, Romania has once again experienced high
inflation. Initially, it appeared as if the inflation was temporary and
caused exclusively by external factors, such as tensions in the
international raw materials market and supply difficulties. Subsequently, it was found
that inflation is persistent and fuelled by internal factors, which have
an effect not only on the demand, but also on the supply.
Keywords: money, inflation, banking, crisis, recovery, Romania
JEL: B52, E62, G21, N10, O23
The Impact of Inflation upon Banks
Flavius CABA-MARIA
Academia de Studii Economice din Bucureşti
Alexandru GEORGESCU
Cercetător independent
Andreea DINU
Institutul Naţional de Cercetare - Dezvoltare în Informatică - ICI Bucureşti
Paul-Cristian VASILE
Institutul Naţional de Cercetare - Dezvoltare în Informatică - ICI Bucureşti
AI represents a transformative technology for a great number of domains throughout the social, economic, and military spheres. As it matures and becomes part of a greater number of products and services, in many fields, so too does the exposure of third party countries to AI increase. This article analyses the factors affecting the uptake of AI technology in the Middle East and North Africa region (MENA).
Keywords: MENA region, Artificial Intelligence, international cooperation, digitalization, cybersecurity, governance
JEL: B27, F52, F63, N75, O32
Factors of AI Uptake in the MENA Region
Ştefan Marian DUMITRU
Academia de Studii Economice din Bucureşti
The European Union gained the ability to shape energy policies with the 2008 Lisbon Treaty. However, this authority is shared in a complex and competitive landscape, involving both governmental and non-governmental players. This article explores the EU’s role in the energy sector, particularly in the context of the European Green Deal and the 2022 energy crisis, employing the idea of liquid authority.
Keywords: European Union, Green Deal, energy, climate, governance
JEL: F02, K30, N70, O13, Q40
A Shift in the EU’s Energy Policy Authority
Viorela-Denisa STROE
Academia de Studii Economice din Bucureşti
This article analyses the stable connection between the type and quality of institutions, on the one hand, and foreign direct investments (FDI), on the other hand, emphasizing their impact on the economic development of states. The article presents a different perspective by explaining economic development, detailing the duality of institutions: from inclusive to extractive, and the influence exerted on FDI flows.
Keywords: economic development, foreign direct investments, inclusive institutions, extractive institutions, economic stability, investment climate, institutional quality
JEL: D02, O11, O12, O43, P16
Institutional Quality and Foreign Direct Investment: Catalysts for Economic Development
Rodica GHERGHINA
Academia de Studii Economice din Bucureşti
Featuring as rebel “islands” in an “ocean” of economic globalization, these “tax havens” are either hailed for pressuring countries with burdensome taxes to reconnect to the level of affordability of honest taxpayers, or blamed by those who see them as convenient refuge for those who undermine the national economies of origin, by evading the civic (meaning fiscal) duties.
Book Review / Recenzie de carte: Narciz Bălăşoiu, Perspective asupra rolului centrelor financiare offshore în eludarea obligaţiilor fiscale şi ascensiunea monedelor virtuale, Bucureşti, Editura ISPRI, 2022
