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When do politicians implement economic reforms? This §book analyzes the conditions for economic reforms in §various policy areas and presents tools of analysis §for understanding how political institutions §constrain and shape the incentives of political §decision-makers to implement such reforms. It §identifies reasons why governments might not enact §sufficiently large economic reforms, delay necessary §reforms, or take the wrong reform steps. In §particular, this book looks at the incentives to §privatize state-owned enterprises, to enact reforms §in the presence of influential interest gropus, and §to implement anti-corruption measures as examples §for policy areas where economic reforms matter.