Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
982484 | Procedia Economics and Finance | 2015 | 4 Pages |
Electronic means of communication such as social media are becoming increasingly important to the way people organize themselves, interact with each other and reach collective decisions. The concept of democracy inevitably lags behind the pace of technological advances because of the imperfect flexibility of the regulations governing it that are currently in force. However, Iceland paves the way for an evolution of the democratic status quo, through its implementation of crowdsourcing in the process of adopting a new Constitution. This paper sets out to establish links between the Icelandic and Romanian models of democracy. It will then provide a preliminary SWOT economic analysis applied to a potential decision of the Romanian authorities to duplicate the Icelandic experience.