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democratization 1 institutional trap 1 institutions 1 reform design 1 rent seeking 1 sequence of reforms 1
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Polterovich, V. 1
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Journal of the New Economic Association 1
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Why Reforms Fail
Polterovich, V. - In: Journal of the New Economic Association 23 (2014) 3, pp. 169-173
Failure of reforms is typical, and a success is extremely rare. This article analyzes the causes of this phenomenon. Many reform proposals are based on mistakable postulates concerning, in particular, interconnections of economic and political institutions. Reform often used as a tool for rent...
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