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This study examines the question of private versus public performance in a natural monopoly setting. It analyzes data from 301 utilities with private sector participation (PSP) and 926 utilities without PSP in 71 developing and transition economies to evaluate the impact of PSP on firm performance in electricity distribution and water and sanitation services. Private participation is shown to be associated with an increase in connections, labor productivity, and bill collection rates, and a decrease in employment and electricity distributional losses.
Massive private investment that complements public investment is needed to close the demand-supply gap and make reliable power available to all Indians. Government efforts have sought to attract private sector funding and management efficiency throughout the electricity value chain, adapting its strategy over time.
"The essential role institutions play in understanding economic development has long been recognised and has been closely studied across the social sciences but some of the most high profile work has been done by economists many of whom are included in this collection covering a wide range of topics including the relationship between institutions and growth, educational systems, the role of the media and the intersection between traditional systems of patronage and political institutions. Each chapter covers the frontier research in its area and points to new areas of research and is the product of extensive workshopping and editing. The editors have also written an excellent introduction which brings together the key themes of the handbook. The list of contributors is stellar (Steven Durlauf, Throsten Beck, Bob Allen,and includes a diverse mix of Western and non Western, male and female scholars)"
Regulation is one of the tools used by governments to control monopolistic behaviour in the provision of public services such as electricity, transport or water. Technological and financial innovations have changed these public services markets since the 1990s, bringing new regulatory challenges, including technological and financial ones. This book demonstrates that basic regulatory theory and tools can address these new challenges, in addition to more traditional regulatory issues, both in developed and developing economies. The theory covered in the book is robust enough to guide regulators in multiple contexts, including those resulting from the effects of financial or political constraints, evolving market structures or the need to adapt to institutional weaknesses, climate change and poverty concerns that demand regulatory intervention. A bridge between theory and an evolving global practice, this book mobilizes the lessons of the past to analyse the future of economic regulation.
This book argues that for infrastructure privatization programs, differences in firm organizational structure explain the viability of privatization contracts in weak institutional environments.
Megacities are a new phenomenon in history. The fact that many of them are in emerging countries deepens the challenges of governing these spaces. Can these vast, complex entities, rife with inequalities and divisions, be governed effectively? For researchers, the answer has often been no. The approach developed in this work focuses on the material city and its institutions and shows that, without recourse to a big new theory, urban leaders have devised mechanisms of ordinary government. They have done so through the resolution of practical and essential problems: providing electricity, drinking water, sanitation, transportation. Three findings emerge from this book. Infrastructure networks help to structure cities and function as mechanisms of cohesion. Megacities become more governable if there is a legitimate authority capable of making choices. Finally, anarchic urbanisation has its roots in systems of land ownership, in inadequate urban planning and in the practices of developers and local actors. In the originality of its hypotheses and the precision of the analyses carried out in the four case study cities of Shanghai, Mumbai, Cape Town and Santiago de Chile, this work is addressed to all those interested in the life of cities: politicians, local and central government officials, executives in urban companies, researchers and students.
This second edition of the Historical Dictionary of the World Bank shows the substantial progress the Bank has made, this mainly through the dictionary section with concise entries on its component institutions, related organizations, its achievements in various fields, some of the major projects and member countries, and its various presidents. The introduction explains how the Bank works while the chronology traces the major events over nearly 70 years. Meanwhile, the list of acronyms reminds us just who the main players are. And the bibliography directs readers to useful internal documentation and outside studies.
"We humans are the god species, both the creators and destroyers of life. In this groundbreaking new book, Mark Lynas shows us how we must use our technological mastery over nature to save the planet from ourselves."--P. [4] of jacket.