- 3-learning from Shocks and the Decision to Open

@inproceedings{Meseguer20073F,
  title={- 3-learning from Shocks and the Decision to Open},
  author={Covadonga Meseguer},
  year={2007}
}
  • Covadonga Meseguer
  • Published 2007
Two claims pervade the literature on the political economy of market reforms: that economic crises cause reforms; and that crises matter because they bring into question the validity of the economic model held to be responsible for them. Economic crises are said to spur a process of learning that is conducive to the abandonment of failing models and to the… CONTINUE READING