A new edition of the podcast “Dă sens banilor” (Giving Meaning to Money) brings visions and solutions for professional training in the financial and economic field capable of guaranteeing a stronger and more resilient economy, as well as inclusion in the workforce.
The guest of journalist Liliana Barbăroșie is Nicolae Istudor, the Rector of the Bucharest Academy of Economic Studies (ASE). This higher education institution, together with the National Bank of Romania (BNR) and the Academy of Economic Studies of the Republic of Moldova (ASEM), is participating in a program recently launched by the National Bank of Moldova (BNM), the “School of Modern Finance.” This program allows several dozen Moldovan economics students to annually study in Romania for training and interaction with the financial and banking community.
The interview discussion focuses on topics related to developments and performance in economic education in the Romanian space, its interaction with academic environments worldwide, and the adaptation of economic education to challenges in the real economy.
Additionally, the podcast provides updates on the program involving the two central banks and economic academies, emphasizing the connections between economic theory and public policies in the field.
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“I have been following, as I mentioned earlier, the COVID-19 pandemic crisis with an unpleasant feeling. I can say that I do not remember it with pleasure. When I entered the Bucharest Academy of Economic Studies, it was a very quiet place, and I did not like it at all. It felt like entering a cemetery. I hope I won’t encounter something like that again. There was no one around. It was an unsettling silence for me. I couldn’t wait for the start of the 2022-2023 academic year to see the children back in school and all the commotion that young people make when they are in significant numbers, which is quite large. I’m following the food crisis as a specialist, and I don’t see it with very good eyes because it is a crisis that affects everyone, including those with low incomes. If we look at it, the food crisis didn’t appear yesterday; it has been around for a long time. If we look at the statistics, the price increase started after 2010. In terms of prices, the food crisis dates back to that time. Regarding energy, I’m not an expert, and I wouldn’t want to comment, but when it comes to agriculture and the food industry, I can say a few things. Ultimately, both we and the Republic of Moldova, having good agricultural potential with fertile agricultural land, could exploit the advantages of this crisis with a bit of skill and competitive production in the market, both quantitatively and qualitatively. The prices of agricultural products have increased so much that it could become a fantastic growth ramp for the so-called countries we used to call agricultural, which are considered underdeveloped or developing countries. The issues of food substitutes, the issues that have been discussed lately in Romania, are also debatable. For example, there is enough potential to produce food for us, as we are still somewhere around 20 million inhabitants, and for export as well. However, once again, there must be development and support programs for agriculture in favor of the farmer, not in favor of other participants in the production chain.”
In the “Brief Money” section, the ASE Rector talked about issues in the global economy, as well as the difficulties in economic education, and he explained the role and need for financial education.
The complete interview can be watched below.