Learning, Policy Making, and Market Reforms (by Covadonga Meseguer)


Author(s): Covadonga Meseguer

Publisher: Cambridge University Press
Publish date: 2009-03-30
ISBN-10: 052151696X
ISBN-13: 9780521516969
Language: English
Description: In the 1980s and 1990s, market reforms swept the world. It is
widely believed that the reformist wave can be partly explained in
terms of the lessons learned from policy failures of the past.
Whereas this interpretation of events is well established, it has
never been empirically proved. Learning and Market Reforms is the
first study that tests the impact of policy learning on economic
policy choices across time and space. The study supports the
popular explanation that on average, governments around the world
adopted privatization and trade liberalization, and sustained open
capital accounts, as a result of learning from the experience of
others.

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