EDITORIAL

Leonardo Badea
(Romanian economist with a vast academic and financial experience. Starting with October 2019 he is Deputy Governor of the National Bank of Romania and Member of the Board. Between 2017 and 2019 he was President of the Romanian Financial Supervisory Authority and during 2016-2017 he was Chairman of the finance and budget committee of the Chamber of Deputies. Since 2006 he is vice-president of the General Association of Romanian Economists)

Copyright: @ 2022 Research Institute for European and American Studies (www.rieas.gr) Publication date: 13 June 2022

Note: The article reflects the opinion of the author and not necessarily the views of the Research Institute for European and American Studies (RIEAS)

Supported by investments, Romania's industry and agriculture, through existing capacities and competencies, can supplement EU imports from third countries, reducing costs, supply times and dependence on geopolitically and operationally risky areas.

The way forward for the economic development of Central and Eastern European countries in the current conditions of high uncertainty is difficult to define. It is true that the current overlapping crises have put pressure on macroeconomic and budgetary equilibria at global level. It is becoming increasingly clear that there are not only one-size-fits-all solutions to these challenges, although these solutions, which stem from international and European solidarity, play an important role, but it is still necessary for emerging countries to consider their own solutions, which can be applied locally and which can have a beneficial effect on the EU economy... Read more

Raagini Sharma
(RIEAS Senior Analyst)

Copyright: @ 2022 Research Institute for European and American Studies (www.rieas.gr) Publication date: 4 June 2022

Note: The article reflects the opinion of the author and not necessarily the views of the Research Institute for European and American Studies (RIEAS)

1. Abstract

Sri Lanka, an island nation of 22 million people is facing a huge economic crisis and political turmoil with protestors taking on the streets across the nation. It’s the first-ever economic crisis that the country has witnessed after gaining independence in 1948. The crisis has resulted in a sordid socio-economic plight wherein government’s coffers are empty and there is no money with the people to buy essential goods like food and medicine. The pandemic, rising energy prices, and populist tax cuts have all had a significant impact on Sri Lanka's economy. A persistent lack of foreign cash and skyrocketing inflation has resulted in serious shortages of medications, fuel, and other necessities. The Ministry of Finance is finding it difficult to raise $5 million to import gas. This depletion of foreign reserves has made the citizens spend hours together in long queues outside the fuel stations. The country has run out of money to pay for fuel, power and energy. The economy of the country has come to a standstill with the total debt amounting to be $51 billion. .... Read more

Shaul Shay
(Senior research fellow at the International Institute for Counterterrorism (ICT) at the Interdisciplinary Center Herzliya and former deputy head of Israel’s National Security Council)

Copyright: @ 2022 Research Institute for European and American Studies (www.rieas.gr) Publication date: 19 May 2022

Note: The article reflects the opinion of the author and not necessarily the views of the Research Institute for European and American Studies (RIEAS)

Egypt’s army and police forces have been waging a war over the past years against an Islamist militant insurgency mainly in North Sinai. After a long period of declining terrorist activities by the Islamic State organization in Sinai, Egypt is facing a new wave of terror attacks in which 16 Egyptian soldiers have been killed.

At least five Egyptian military personnel were killed and four others were injured in a terrorist attack on May 11, 2022, in northern Sinai. The attack was successfully countered, resulting in the death of 7 terrorists. Automatic rifles, hand grenades, ammunition and walkie talkies, were seized. It was the second deadly attack against Egyptian security forces on the Sinai Peninsula in less than a week. ... Read more

Madalin-Ilie Tudor
(Expert in Transportation Infrastructure)

Copyright @ 2022 Madalin-Ilie Tudor on line - Publication at RIEAS (www.rieas.gr) on 13 May 2022.

Note: The article reflects the opinion of the author and not necessarily the views of the Research Institute for European and American Studies (RIEAS)

The last decade was definitely marked up by the mass expansion of the commercial aviation. It was a decade pinned by low prices and lots of new air companies. All over the world. The lead was taken by low cost carriers. The legacy ones were soon dethroned. Moreover, people would have more easily bought plane tickets from a low-cost carrier than from a legacy one. Same services, but at chipper price. ..... Read more

By Dr. Ajay Kumar (PhD)
(Chairman & Managing Director, Fox Petroleum Group of Companies)

Copyright: @ 2022 Research Institute for European and American Studies (www.rieas.gr) Publication date: 1 May 2022

Note: The article reflects the opinion of the author and not necessarily the views of the Research Institute for European and American Studies (RIEAS)

In every truth, the beneficiaries of a war will be United States of America. The war in Ukraine will have the greatest economic impact on Europe, where some 5 million refugees have already fled the fighting in the largest exodus the continent has seen since the Second World War. But Russia’s invasion is reverberating around the world, as shown by the IMF’s latest.

I think most of soaring US gas production to be sold abroad as LNG. By 2050, approximately 25 percent more natural gas will be produced than consumed in the United States, according to government projections. However, more than 35 percent of gross additions will be exported – mostly as LNG – while the share of gas in the domestic power gen mix stays constant, at about one-third from 2021 to 2050. ...Read more

Raagini Sharma
(RIEAS Senior Analyst, and Research Director, Indic Researchers Forum)

Copyright: @ 2022 Research Institute for European and American Studies (www.rieas.gr) Publication date: 25 April 2022

Note: The article reflects the opinion of the author and not necessarily the views of the Research Institute for European and American Studies (RIEAS)

Concept of Balance of Power

The Balance of Power per se is the parity of power between nation or group of nations with the competing nation or group of nations to ensure that the peace and stability is maintained as none of the entity becomes too powerful to force its will upon other. The balance of power refers to the distribution of power capabilities of rival states or alliances and a kind of check it offers so that a state of equilibrium is achieved and maintained in international system. The Balance of power is a central concept in neorealist theory.

States are the principal and unitary actors in the international system. It is logical and inherent nature of the Nation State to protect its sovereignty, safeguards its interests and work towards realization of vision of itself. The Balance of Power could be achieved by the State either to become an ally to a nation or a group of nations so as to garner equal or superior power as compared to the competing hostile nation or a group of nations. Another way of assuring the balance of power was to be working upon itself holistically to gain power to convincingly posture itself so that the competing nation(s) do not enforce their will on to it. This is a direct method that has been adopted by nation(s) to secure its sovereignty and survival. It involved the State to be spending heavily on military and weapons and be a contestant in an armament race.... Read more