Policy Shock: Recalibrating Risk and Regulation after Oil Spills, Nuclear Accidents and Financial Crises

Policy Shock explores how policy-makers respond to major crises, such as disaster management, by revealing new evidence and framing new normative perspectives. It provides conceptual essays and case studies to investigate risk analysis, risk perceptions, focusing events, and narrative politics. It suggests creating standing expert investigative agencies to learn from crisis events and frame policy recommendations.

Format: Paperback / softback
Length: 591 pages
Publication date: 29 October 2020
Publisher: Cambridge University Press

Policy Shock delves into the intricate dynamics of how policy-makers in industrialized democracies navigate and respond to significant crises. Following the initial phases of disaster management, crises frequently unveil fresh evidence or present novel normative viewpoints that propel reforms aimed at preventing future occurrences of similar magnitude. These responses exhibit a wide range of approaches, spanning from mere cosmetic measures to the establishment of robust incentive systems, the demand for heightened transparency, the reorganization of government institutions, and the enforcement of stricter regulatory standards. This comprehensive book explores post-crisis regulatory policy-making through a series of thought-provoking conceptual essays authored by esteemed scholars from the fields of economics, psychology, and political science. These essays delve into the latest insights regarding risk analysis, risk perceptions, the framing of events, and narrative politics. Furthermore, the book presents ten meticulously researched case studies, each engaging with crisis events across three policy domains: offshore oil, nuclear power, and finance. These case studies examine how governments can harness the lessons learned from crisis experiences, fostering the establishment of standing expert investigative agencies dedicated to identifying the root causes of crises and formulating policy recommendations. By undertaking such measures, governments can enhance their preparedness to navigate future challenges and make informed decisions that safeguard the well-being of their citizens and societies.

Weight: 952g
Dimension: 153 x 228 x 39 (mm)
ISBN-13: 9781316505816