Bounded Rationality and Policy Diffusion
Why do very different countries often emulate the same policy model? Two years after Ronald Reagan''s income-tax simplification of 1986, Brazil adopted a similar reform even though it threatened to exacerbate income disparity and jeopardize state revenues. And Chile''s pension privatization of the early 1980s has spread throughout Latin America and beyond even though many poor countries that have ...
Why do very different countries often emulate the same policy model? Two years after Ronald Reagan''s income-tax simplification of 1986, Brazil adopted a similar reform even though it threatened to exacerbate income disparity and jeopardize state revenues. And Chile''s pension privatization of the early 1980s has spread throughout Latin America and beyond even though many poor countries that have ...
