FAILURES OF GLOBALIZATION AND ANACHRONISMS OF GOVERNING
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Authors:
• Ion Bucur, email: unknown, Afiliation: Faculty of Business and Administration University of Bucharest -
Keywords: globalization, worldwide governing, market fanaticism, market failures, emergent economies, democratic deficit
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Abstract:
Noticing the failures of the current globalization and of the corrupted governing system has changed the debates on identifying new and more correct management and governing forms, which could favor the speeding up of economic growth and the promotion of humanistic values.
The rhythms and sizes of the current globalization call for better assurance of a correct balance between market and the state, the capitalization of their adjusting potentials and reciprocal failure compensation. Also, the lack of transparency and of democratic responsibility imposes the reformation of the international institutional system’s architecture and the promotion of economic policies systems that could ensure nations’ prosperity and stability of the world economy.