Policy experimentation points to political-administrative procedures and initiatives that allow to discover or test novel instruments of problem-solving and thereby propel broader-based policy innovation or institutional adaptation in a given polity, economy or society.[1][2][3][4]
As compared to centralized legislation or national regulation, one of the major advantages of decentralized policy experimentation is seen in allowing spatially, sectorally or temporally limited policy trials that reduce the risks and costs of introducing major reform schemes to the national polity, economy and society. A major deficit of policy experimentation is seen in promoting policy heterogeneity, legal fragmentation and jurisdictional disparities.
The term has come to renewed prominence in the discussion about the political processes behind China's economic rise since the beginning of Chinese economic reform policies in 1978.[5]
- ^ Hayek FA. The constitution of liberty. Chicago: University of Chicago Press; 1978.
- ^ North DC. Institutions, institutional change and economic performance. Cambridge: Cambridge University Press; 1990.
- ^ Roland G. Transition and economics: politics, markets, and firms. Cambridge: MIT; 2000.
- ^ Mukand SW. and Rodrik D. In search of the Holy Grail: policy convergence, experimentation, and economic performance. In: American Economic Revue, 95(1): p. 374–83.
- ^ Heilmann, Sebastian (March 2008). "Policy experimentation in China's economic rise". Studies in Comparative International Development. 43 (1): 1–26. doi:10.1007/s12116-007-9014-4.
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