Erik Molnar Jr., Author at EUDNE

The economic shock of 2022: Is the global economy at risk of stagflation?

Posted by Erik Molnar Jr. | May 11, 2022 | Economics

Last year, many economists were expecting 2022 to be a period of strong economic rebound. Instead, stagflation is again on the cards. After the double shock of COVID-19 and the Russian invasion of Ukraine, inflation rates have exceeded expectations, while economic growth forecasts are rapidly deteriorating. Therefore the prospect of stagflation’s return strikes fear – because there are few monetary tools to address it.
But what is stagflation?

War: Russia’s attack on Ukraine

Posted by Erik Molnar Jr. | Apr 4, 2022 | Diplomacy

The Russian political elite will never accept that they lost Ukraine. Ukraine being an independent state on its own is seen by the leaders of Russian military and secret service bureaucracy as a bad joke of history from which we need to move on. And they have been busy trying to drive it back behind the apron of Mother Russia in many different ways, mostly achieving the opposite of what they intended. Nonetheless, Russian efforts to undermine the operability of the Ukrainian state have not been without success.

Global Minimum Tax Endorsed

Posted by Erik Molnar Jr. | Dec 1, 2021 | Economics

The Organisation for Economic Cooperation and Development (OECD) announced that participants in October this year had agreed in Paris to apply a uniform corporate tax rate of 15 percent to multinational companies, including tech giants such as Google, Amazon, Facebook, Microsoft, and Apple, in order to make it harder for them to avoid taxation by setting up operations in and shifting their profits to low-tax countries.

The Honorary Consul

Posted by Erik Molnar Jr. | Aug 28, 2020 | Diplomacy

The honorary consular institution has its roots in the ancient Greek institution of ‘proxenos’ who represented, without remuneration, the interests of foreign prisoners. The institution was originally created out of necessity, and its origins can be traced back to 8th century China, India and the Middle East.

New environmentally friendly jobs for the new decade

Posted by Erik Molnar Jr. | Feb 24, 2020 | Economics

The world around us changes all the time; the only thing that is constant is change. Old things and old ways die out from disuse or undergo major changes, while new, previously unknown or little-known sciences and occupations emerge as a corollary of technical progress. However, the questions naturally arise not only which jobs will survive, and what jobs will emerge, but also how these jobs will relate to the environment. Human impact on the environment has never been greater than in the last hundred years.