Time, learning, and change in the crisis
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Abstract
This article is aimed at exploring the way in which processes of policy learning and policy change occur in the case of events perceived as rare or unique by actors. In particular, it is analyzed the global financial crisis of 2007-2010 in order to assess the interactions among four processes of crisis management: crisis containment, sense making, lesson drawing and policy change. The article shows that the processes of lesson drawing do not necessarily bring about changes in public policy.
Keywords
- Policy change
- social learning
- financial crisis
- rare events
