The Making of Policy: Institutionalized or Not?
Research Department - Inter-American Development Bank (IDB)
Universidad de San Andres - Department of Economics
IDB Working Paper No. 24
This paper develops a framework for analyzing different policymaking styles, their causes and their consequences in Latin America, finding that lower institutionalization and greater use of alternative political technologies (APTs) are more likely the lower the cost of using these technologies, the higher the potential damage they can cause, the lower the wealth of the economy, and the more asymmetric the distribution of de jure political power. Moreover, strategic complementarity exists in the use of alternative political technologies; for instance "bribes by the rich" and "protests by the poor" are likely to be countervailing forces, and will both occur in polities with weaker political institutions.
Number of Pages in PDF File: 59working papers series
Date posted: April 20, 2011
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