Economic governance structures influence policy outcomes from "summary" of The Making of Economic Society by Robert L. Heilbroner,William Milberg
The way in which economic decisions are made and implemented is crucial in determining the outcomes of policies. Economic governance structures play a significant role in shaping these decisions and ultimately influencing the results. The framework within which economic policies are formulated and carried out can have a profound impact on their effectiveness and the overall well-being of society. Governance structures encompass a variety of institutional arrangements, including government agencies, regulatory bodies, and international organizations. These entities play a key role in setting the rules and guidelines that govern economic activities, as well as in overseeing their implementation. The composition and functioning of these structures can shape the incentives facing policymakers and influence the choices they make. For example, a governance structure that is characterized by ...
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