By Kurt Weyland
Why do very diversified international locations frequently emulate an analogous 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 Eighties has unfold all through Latin the United States and past even supposing many terrible nations that experience privatized their social defense structures, together with Bolivia and El Salvador, lack a few of the preconditions essential to achieve this successfully.
In an immense step past traditional rational-choice money owed of coverage decision-making, this ebook demonstrates that bounded--not full--rationality drives the unfold of concepts throughout nations. whilst looking recommendations to family difficulties, decision-makers frequently contemplate international types, occasionally promoted through improvement associations just like the global financial institution. yet, as Kurt Weyland argues, policymakers observe inferential shortcuts on the danger of distortions and biases. via an in-depth research of pension and future health reform in Bolivia, Brazil, Costa Rica, El Salvador, and Peru, Weyland demonstrates that decision-makers are captivated by means of neat, daring, cognitively to be had versions. And instead of completely assessing the prices and merits of exterior versions, they draw excessively enterprise conclusions from constrained info and overextrapolate from spurts of luck or failure. symptoms of preliminary good fortune can therefore set off an upsurge of coverage diffusion.
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