ELECTORAL POPULISM VERSUS ECONOMIC STABILITY

Ilie Mihai ()
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Ilie Mihai: “Spiru Haret” University, Faculty of Economic Sciences,, Postal: Fabricii Street, no. 46G, Bucharest, 030045, Romania, Tel.: +40213169793, Fax: +40213169793,

Annals of Spiru Haret University, Economic Series, 2017, vol. 17, issue 1, 53-62

Abstract: It is well-known that in election years, political parties compete in measures and promises that are more or less extravagant, designed to attract votes from voters. The situation is understandable to a certain extent, this practice being common in other countries as well, important being not to “jump the horse” as unfortunately happens in Romania, where in four years the politicians, in their desire to obtain a mandate in local or parliamentary elections, replete with all kinds of promises, without regard to the impact that their application might have on the stability of the overall economy. As the electoral legislation has become more stringent, attracting voters by giving them attentions and gifts (buckets, packages of food with sugar, oil, etc., or gourmet) was forbidden and election promises have climbed the first rung of the strategy of attracting voters. On the other hand, the old local and central political structures at the end of their mandate try, for the last hundred meters, to adopt populist measures, hoping both to renew mandates and to solve personal interests relating to special pensions bonuses and all sorts of pecuniary advantages, according to the principle “after us the deluge”

Keywords: election; populist measures; political programs; economy; electoral alms; risks; economic slippage; economic stabilit (search for similar items in EconPapers)
JEL-codes: G01 (search for similar items in EconPapers)
Date: 2017
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