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Wither Democarcy? A Note

Author

Listed:
  • Marco Boccaccio

    (Università Sapienza di Roma - Dipartimento di Studi Giuridici ed Economici)

Abstract

Globalization provokes a split between the economic dimension (dynamic) and the legal dimension (static). The first one is increasingly mobile across different jurisdictions while the latter lags behind as far as it is still produced at domestic level, or is delegated to supranational administrative bodies. This creates problems of political accounting of public decisions through the weakening of nation state sovereignty. As a consequence, it nourishes the feeling that democratic control itself is undermined. In this setting democracy seems to become controversial, swinging between a technocratic model and a demagogic one. Are these the only alternative possible?

Suggested Citation

  • Marco Boccaccio, 2021. "Wither Democarcy? A Note," Public Finance Research Papers 50, Istituto di Economia e Finanza, DSGE, Sapienza University of Rome.
    • Handle: RePEc:gfe:pfrp00:00050
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    More about this item

    Keywords

    Democracy; Sovereignty; Globalization; Collective choices; Legal rules and economic factors;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • F60 - International Economics - - Economic Impacts of Globalization - - - General
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government

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