By Kurt Weyland
Why do very varied nations frequently emulate a similar coverage version? years after Ronald Reagan's income-tax simplification of 1986, Brazil followed an identical reform although it threatened to exacerbate source of revenue disparity and jeopardize kingdom sales. And Chile's pension privatization of the early Nineteen Eighties has unfold all through Latin the US and past even supposing many negative international locations that experience privatized their social protection platforms, together with Bolivia and El Salvador, lack a number of the preconditions essential to accomplish that successfully.
In an immense step past traditional rational-choice debts of coverage decision-making, this ebook demonstrates that bounded--not full--rationality drives the unfold of concepts throughout nations. while looking strategies to family difficulties, decision-makers frequently think about international types, occasionally promoted via improvement associations just like the international financial institution. yet, as Kurt Weyland argues, policymakers practice inferential shortcuts on the probability of distortions and biases. via an in-depth research of pension and overall healthiness reform in Bolivia, Brazil, Costa Rica, El Salvador, and Peru, Weyland demonstrates that decision-makers are captivated through neat, daring, cognitively to be had types. And instead of completely assessing the prices and merits of exterior types, they draw excessively company conclusions from restricted facts and overextrapolate from spurts of luck or failure. symptoms of preliminary luck can hence set off an upsurge of coverage diffusion.
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Bounded Rationality and Policy Diffusion: Social Sector Reform in Latin America by Kurt Weyland