Gradualism versus Big Bang: Speed and Sustainability of Reforms
A beneficial reform may be blocked by a majority if it is implemented by a big bang but the same reform may succeed with an optimally designed gradualist approach. A gradualist approach can sometimes split opposition force and is, in this sense, more politically sustainable. On the other hand, if both approaches are politically preferred to no reform, a big bang is often preferred to gradualism in terms of both political support as well as economic efficiency.
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Volume (Year): 30 (1997)
Issue (Month): 4 (November)
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