Home » Learning, Policy Making, and Market Reforms by Covadonga Meseguer Yebra
Learning, Policy Making, and Market Reforms Covadonga Meseguer Yebra

Learning, Policy Making, and Market Reforms

Covadonga Meseguer Yebra

Published April 1st 2009
ISBN : 9780521516969
Hardcover
288 pages
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 About the Book 

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,MoreIn 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.