Wither Democarcy? A Note

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

No 50, Public Finance Research Papers from Istituto di Economia e Finanza, DSGE, Sapienza University of Rome

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?

Keywords: Democracy; Sovereignty; Globalization; Collective choices; Legal rules and economic factors (search for similar items in EconPapers)
JEL-codes: A13 D70 F60 H11 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2021-07
New Economics Papers: this item is included in nep-pol
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