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dc.creatorElkins, Zachary
dc.creatorSimmons, Beth A.
dc.date.accessioned2012-04-13T17:53:00Z
dc.date.available2012-04-13T17:53:00Z
dc.date.created2004-02
dc.date.issued2012-04-13
dc.identifier.citationSimmons, Beth A., and Zachary Elkins. 2004. "The Globalization of Liberalization: Policy Diffusion in the International Political Economy," American Political Science Review, Volume 98, Number 1 (February), pp. 171-189.en_US
dc.identifier.issn0003-0554
dc.identifier.urihttp://hdl.handle.net/2152/15359
dc.description.abstractOne of the most important developments over the past three decades has been the spread of liberal economic ideas and policies throughout the world. These policies have affected the lives of millions of people, yet our most sophisticated political economy models do not adequately capture influences on these policy choices. Evidence suggests that the adoption of liberal economic practices is highly clustered both temporally and spatially. We hypothesize that this clustering might be due to processes of policy diffusion. We think of diffusion as resulting from one of two broad sets of forces: one in which mounting adoptions of a policy alter the benefits of adopting for others and another in which adoptions provide policy relevant information about the benefits of adopting. We develop arguments within these broad classes of mechanisms, construct appropriate measures of the relevant concepts, and test their effects on liberalization and restriction of the current account, the capital account, and the exchange rate regime. Our findings suggest that domestic models of foreign economic policy making are insufficient. The evidence shows that policy transitions are influenced by international economic competition as well as the policies of a country's sociocultural peers. We interpret the latter influence as a form of channeled learning reflecting governments' search for appropriate models for economic policy.en_US
dc.language.isoengen_US
dc.publisherAmerican Political Science Reviewen_US
dc.publisherAmerican Political Science Associationen_US
dc.subjectGlobalizationen_US
dc.subjectDiffusionen_US
dc.subjectLiberalizationen_US
dc.subjectEconomic Liberalizationen_US
dc.subjectPolicy Diffusionen_US
dc.subjectPolitical Economyen_US
dc.titleThe Globalization of Liberalization: Policy Diffusion in the International Political Economyen_US
dc.typeArticleen_US
dc.description.departmentGovernmenten_US


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