Bounded Rationality and Policy Diffusion: Social Sector Reform in Latin America by ProQuest


Looking in detail at the pension and health care reforms in Bolivia, Brazil, Chile, El Salvador, and Peru, Weyland argues that Latin American policymakers responsible for the reforms did not use sophisticated cost-benefit analyses when making crucial decisions regarding social policies. In Chapter 2, Weyland not only provides us with a rich and thorough description of the analytical strengths of the bounded rationality argument, but he also compares alternative explanations: external pressure, normative appeal and rational learning. Bounded Rationality and Policy Diffusion is not only a first-class piece of scholarship, it is also likely to become one of the most important points of reference for future works in the field of policy analysis.

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