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One example of economic decentralization, which is based on a libertarian socialist model, is decentralized economic planning. Decentralized planning is a type of economic system in which decision-making is distributed amongst various economic agents or localized within production agents.
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MIT Professor Thomas W. Malone explains that "decentralization has three general benefits: encourages motivation and creativity; allows many minds to work simultaneously on the same problem; accommodates flexibility and individualization; Decentralized decision-making, Malone says, tends to create less rigidity and flatter hierarchies in ...
After a period of sustained expansion throughout the 20th century, liberal democracy became the predominant political system in the world. A liberal democracy may take various constitutional forms: it may be a republic , such as Estonia , Ireland , Germany , and Greece ; or a constitutional monarchy , such as the United Kingdom , Japan or Spain .
This is an accepted version of this page This is the latest accepted revision, reviewed on 11 January 2025. Granting of some competences of central government to local government This article is about the form of government. For other uses, see Devolution (disambiguation). "Devolved parliament" redirects here. For the painting, see Devolved Parliament (Banksy). See also: Subsidiarity and ...
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A direct democracy, or pure democracy, is a type of democracy where the people govern directly, by voting on laws and policies. It requires wide participation of citizens in politics. [ 4 ] Athenian democracy , or classical democracy, refers to a direct democracy developed in ancient times in the Greek city-state of Athens.
A conversation with the VC firm Variant shows that some in the industry are taking a more practical view of the decentralization ideal. Crypto’s decentralization problem: The word is used too ...