We Are Not Witnessing "the Death of Globalisation", but the Renegotiation of Its Rules, Says Number 2 of BNR - HotNews.ro
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9 Articles
The US cannot simultaneously have: the dollar as a hegemonic currency, high wages and trade surplus - can reach a maximum of two out of three through protectionism, but cooperation with Europe could theoretically allow them all three, says Leonard Badea, First Vice-Governor BNR in an opinion text delivered on Tuesday. He explains that the benefits of globalisation have not been equally shared.
Globalisation does not disappear, but the rules, incentives and power relationships that have made it possible are renegotiated, and economic efficiency is no longer the only mark of economic decisions, says Leonardo Badea, Prime Vice-Governor of the National Bank of Romania.
Beyond the apparent irony of the old expression "let us live interesting times", the reality of the last decades shows that the direction in which the world economy and society as a whole evolved would have been difficult, if not impossible, to anticipate. And we live interesting times, indeed. Globalization has decisively changed, long-term, international trade. The degree of interdependence created [...] The post Leonardo Badea ̈ First Vice-Go…
Globalisation does not disappear, but the rules, incentives and power relationships that have made it possible are renegotiated, and economic efficiency is no longer the only mark of economic decision-making, says Leonardo Badea, Prime Vice-Governor BNR.
Dincolo de ironica aparentă a vechii expressii „fie să trăim vremuri interesting”, realitatea ultimaler decenii arată că direcția în care au evoluat economia mondială și...
Beyond the apparent irony of the old phrase “let us live interesting times,” the reality of recent decades shows that the direction in which the world economy and society as a whole have evolved would have been difficult, if not impossible, to predict. And we live in interesting times, really. Globalization has, for a long time, decisively changed international trade. The degree of interdependence created [...] The post Leonardo Badea―NBR First …
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