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Oligarchy versus Democracy and Regulation versus Deregulation under the Globalization Effect

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  • Dumitru-Alexandru BODISLAV

    (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.

Suggested Citation

  • Dumitru-Alexandru BODISLAV, 2012. "Oligarchy versus Democracy and Regulation versus Deregulation under the Globalization Effect," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(5(570)), pages 33-46, May.
  • Handle: RePEc:agr:journl:v:5(570):y:2012:i:5(570):p:33-46
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    Cited by:

    1. Mariana IOVITU & Petronela Evelina BÃLU & Dumitru Alexandru BODISLAV, 2016. "Financial Relations Influenced by Globalization," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 17(2), pages 173-179, May.
    2. Dumitru Alexandru BODISLAV & Florina BRAN & Mariana IOVI?U, 2015. "A Review of the Globalization Process," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 16(4), pages 471-478, October.
    3. Ildiko IOAN & Carmen Valentina RÃDULESCU & Ileana MIRCIOI (VALIMAREANU), 2015. "Socio-Economic Events that Ignited Globalization," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 16(4), pages 521-527, October.

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