Economics can tell us with increasing precision what policies maximize growth, welfare, and productivity. But how are policies actually made? Why are so many poor policies adopted and good ones foregone? In this seminar we investigate how government organization and the structure of political competition shape the conditions for better and worse policy making across a range of issues including macroeconomic policy, corporate and financial regulation, industrial policy, and trade. We consider these policy areas in democratic and nondemocratic regimes, and in developed and developing countries.
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