The theoretical tool kits for policy formulation process is based on the following key steps, although many governments do not follow them, and there are reasons for that:
step1: Look at reality, and identify issues
step 2: Define the policy objectives
step 3: Choose the right instruments (typically one for each objective)
step 4: Establish appropriate institutions
step 5: Overcome political opposition to policy reforn
step 6: Monitor and evaluate
But now why many governments do not follow the tool kit why formulating economic policies ?
Thursday, May 7, 2009
Subscribe to:
Post Comments (Atom)

No comments:
Post a Comment