Theoretical and Applied Economics
No. 5 / 2012 (570)
Oligarchy versus Democracy and Regulation versus Deregulation under the Globalization Effect
Bucharest Academy of Economic Studies
Abstract. On capitalism that is created under the pressure of globalization there are created many economic systems that derived into a new model: the asymmetric model created from propriety rights’ perspective and the influence of interest groups, an asymmetric model that is called “oligarchy”(1). For a better understanding of oligarchy we consider an oligarchic society, where the political power is in the hands of the producers of goods, that tend to protect their propriety rights, but this way they create entry barriers, destroying the propriety rights of future potential producers.
Capitalism was and is stressed by the (de)regulation phenomena created by the competition which is shaped through globalization. With ease we can go from (de)regulating to oligarchic pressure, which from the globalization’s perspective can give birth to the lagging or decoupling in the global economic system. This paper researches these two cases and inserts them into the global framework to result the evolution of society’s members’ welfare.
Keywords: democracy; de/regulation; governance; oligarchy; social welfare.
Contents
- Optimal Labor Contracts
with Asymmetric Information and More than Two Types of Agent
Daniela Elena MARINESCU
Dumitru MARIN
- Inflation Targeting in the Romanian Banking Brushwood
Georgiana BALABAN
Dorel AILENEI
- Oligarchy versus Democracy
and Regulation versus Deregulation
under the Globalization Effect
Dumitru-Alexandru BODISLAV
- Using Garch-in-Mean Model to Investigate Volatility and Persistence
at Different Frequencies for Bucharest Stock Exchange during 1997-2012
Iulian PANAIT
Ecaterina Oana SLĂVESCU
- Preparation of Financial Statements for Sme’s in Romania. Interest for Cash-Flow Statement
Nicoleta FARCANE
Sorinel CĂPUŞNEANU
Sorin BRICIU
- The Biblical Matrix of Economics
Grigore PIROŞCĂ
Angela ROGOJANU
- The Sustainable Development Model
Cristina BURGHELEA
- Comportamentul financiar al populaţiei în timpul crizei
Bogdan CHIRIACESCU
Luminița TĂTĂRICI
Cristina VIŞAN
- Education and Crisis
Marius-Cristian PANĂ
- The Post-Crisis Healthcare System:
Effects of the Economic Crisis in Romania
Marta Christina SUCIU
Cristian Adrian STAN
Luciana PICIORUŞ
Cosmin Ionuţ IMBRIŞCĂ
- Business Incubators – Favorable Environment for Small and Medium Enterprises Development
Camelia MORARU
Alexandru RUSEI
- Procedural and Systematic Crisis Approach and Crisis Management
Dragoş Ionuţ TĂNASE