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.
Contents
Optimal Labor Contracts with Asymmetric Information and More than Two Types of Agent
Inflation Targeting in the Romanian Banking Brushwood
Oligarchy versus Democracy and Regulation versus Deregulation under the Globalization Effect
Using Garch-in-Mean Model to Investigate Volatility and Persistence at Different Frequencies for Bucharest Stock Exchange during 1997-2012
Preparation of Financial Statements for Sme’s in Romania. Interest for Cash-Flow Statement
The Biblical Matrix of Economics
The Sustainable Development Model
Comportamentul financiar al populaţiei în timpul crizei
Education and Crisis
The Post-Crisis Healthcare System: Effects of the Economic Crisis in Romania
Business Incubators – Favorable Environment for Small and Medium Enterprises Development
Procedural and Systematic Crisis Approach and Crisis Management