Learning, Policy Making, and Market Reforms [Paperback]

Learning, Policy Making, and Market Reforms is the first study that tests the impact of policy learning on economic policy choices across time and space.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.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.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.1. The question; 2. The model; 3. Learning and development strategies; 4. Learning and privatization; 5. Learning and capital account openness; 6. Learning and IMF agreements; 7. Lessons about learning.Learning, Policy Making, and Market Reforms is a benchmark study of the influence of ideas on policy changes. Why do politicians undertake risky economic reforms? In times of hardship and uncertainty, do they simply emulate what other governments do? Are thl%