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Author: David G. Victor Publisher: Cambridge University Press ISBN: 113946079X Category : Business & Economics Languages : en Pages : 15
Book Description
Over the last fifteen years the world's largest developing countries have initiated market reform in their electric power sectors from generation to distribution. This book evaluates the experiences of five of those countries - Brazil, China, India, Mexico and South Africa - as they have shifted from state-dominated systems to schemes allowing for a larger private sector role. As well as having the largest power systems in their regions and among the most rapidly rising consumption of electricity in the world, these countries are the locus of massive financial investment and the effects of their power systems are increasingly felt in world fuel markets. This accessible volume explains the origins of these reform efforts and offers a theory as to why - despite diverse backgrounds - reform efforts in all five countries have stalled in similar ways. The authors also offer practical advice to improve reform policies.
Author: David G. Victor Publisher: Cambridge University Press ISBN: 113946079X Category : Business & Economics Languages : en Pages : 15
Book Description
Over the last fifteen years the world's largest developing countries have initiated market reform in their electric power sectors from generation to distribution. This book evaluates the experiences of five of those countries - Brazil, China, India, Mexico and South Africa - as they have shifted from state-dominated systems to schemes allowing for a larger private sector role. As well as having the largest power systems in their regions and among the most rapidly rising consumption of electricity in the world, these countries are the locus of massive financial investment and the effects of their power systems are increasingly felt in world fuel markets. This accessible volume explains the origins of these reform efforts and offers a theory as to why - despite diverse backgrounds - reform efforts in all five countries have stalled in similar ways. The authors also offer practical advice to improve reform policies.
Author: Vivien Foster Publisher: World Bank Publications ISBN: 1464814430 Category : Science Languages : en Pages : 454
Book Description
During the 1990s, a new paradigm for power sector reform was put forward emphasizing the restructuring of utilities, the creation of regulators, the participation of the private sector, and the establishment of competitive power markets. Twenty-five years later, only a handful of developing countries have fully implemented these Washington Consensus policies. Across the developing world, reforms were adopted rather selectively, resulting in a hybrid model, in which elements of market orientation coexist with continued state dominance of the sector. This book aims to revisit and refresh thinking on power sector reform approaches for developing countries. The approach relies heavily on evidence from the past, drawing both on broad global trends and deep case material from 15 developing countries. It is also forward looking, considering the implications of new social and environmental policy goals, as well as the emerging technological disruptions. A nuanced picture emerges. Although regulation has been widely adopted, practice often falls well short of theory, and cost recovery remains an elusive goal. The private sector has financed a substantial expansion of generation capacity; yet, its contribution to power distribution has been much more limited, with efficiency levels that can sometimes be matched by well-governed public utilities. Restructuring and liberalization have been beneficial in a handful of larger middle-income nations but have proved too complex for most countries to implement. Based on these findings, the report points to three major policy implications. First, reform efforts need to be shaped by the political and economic context of the country. The 1990s reform model was most successful in countries that had reached certain minimum conditions of power sector development and offered a supportive political environment. Second, countries found alternative institutional pathways to achieving good power sector outcomes, making a case for greater pluralism. Among the top performers, some pursued the full set of market-oriented reforms, while others retained a more important role for the state. Third, reform efforts should be driven and tailored to desired policy outcomes and less preoccupied with following a predetermined process, particularly since the twenty-first-century century agenda has added decarbonization and universal access to power sector outcomes. The Washington Consensus reforms, while supportive of the twenty-first-century century agenda, will not be able to deliver on them alone and will require complementary policy measures
Author: Alan David Lee Publisher: ISBN: Category : Languages : en Pages : 61
Book Description
The power sector reform experiences of developing countries vary greatly. To help explain this from a political economy perspective, this paper reviews several dozen statistical analyses, multi-country case studies, and development practice publications. The frame of reference is the model of market-oriented reforms that became a global norm in the 1990s. Findings are organized in terms of the history, theory, motives, processes and outcomes of reforms. Market orientation emerged around the 1980s as part of a shift in economic theory and policy away from state control, and was expected to improve efficiency and investments. Reform advocates never took political economy issues into full consideration. Yet, policy makers have had sociopolitical as well as technical motives for reform, such as crisis response. International norms and competition for foreign investment and trade pulled governments to model reforms, while development partners pushed them as a condition of aid. Reform implementation has been characterized by strong tensions among different public and private interests. Concretely, 1990s model reforms were based on a logic of depoliticizing pricing and investment decisions; often placing policy makers in a conflict of interest situation. Thus, the political costs and risks of reform have often exceeded the benefits perceived by local decision makers, especially as reforms did not generally result in immediate benefits for citizens. In practice, incremental, inclusive processes may be better than quick and stealthy reforms that sidestep stakeholders' concerns. While there was limited evidence of efficacy at the time the reforms were implemented, ex post the outcomes of reforms are ambiguous, as improvements in some areas have been offset by negative results elsewhere. For increasing access to electricity and clean energy, 1990s model reforms may help, but they are neither necessary nor sufficient, nor did they focus on these objectives. In conclusion, the success or failure of policy prescriptions such as 1990s model reforms are contingent on dynamic, context-specific institutions as well as factors beyond the sector. More work is needed on integrated, flexible approaches to think and work politically in the sector, and to account for new technology and diverse sector development objectives.
Author: Douglas Arent Publisher: Oxford University Press ISBN: 0198802242 Category : Business & Economics Languages : en Pages : 631
Book Description
A volume on the political economy of clean energy transition in developed and developing regions, with a focus on the issues that different countries face as they transition from fossil fuels to lower carbon technologies.
Author: Gabriela Inchauste Publisher: World Bank Publications ISBN: 1464810087 Category : Business & Economics Languages : en Pages : 303
Book Description
This book proposes a simple framework for understanding the political economy of subsidy reform and applies it to four in-depth country studies covering more than 30 distinct episodes of reform. Five key lessons emerge. First, energy subsidies often follow a life cycle, beginning as a way to stabilize prices and reduce exposure to price volatility for low-income consumers. However, as they grow in size and political power, they become entrenched. Second, subsidy reform strategies vary because the underlying political economy problems vary. When benefits are concentrated, satisfying (or isolating) interest groups with alternative policies is an important condition for effective reform. When benefits are diffuse, it can be much harder to identify and manage the political coalition needed for reform. Third, governments vary in their administrative and political capacities to implement difficult energy subsidy reforms. Fourth, improvements in social protection systems are often critical to the success of reforms because they make it possible to target assistance to those most in need. Finally, the most interesting cases involve governments that take a strategic approach to the challenges of political economy. In these settings, fixing energy subsidies is central to the governments’ missions of retaining political power and reorganizing how the government delivers benefits to the population. These cases are examples of “reform engineering,†? where governments actively seek to create the capacity to implement alternative policies, depoliticize tariffs, and build credibility around alternative policies. The most successful reforms involve active efforts by policy leaders to identify the political forces supporting energy subsidies and redirect or inoculate them.
Author: Verena Fritz Publisher: World Bank Publications ISBN: 1464801223 Category : Business & Economics Languages : en Pages : 289
Book Description
This volume presents eight good practice examples of problem-driven political economy analysis conducted at the World Bank, and reflect what the Bank has so far been able to achieve in mainstreaming this approach into its operations and policy dialogue.
Author: Navroz K. Dubash Publisher: Oxford University Press ISBN: 0199093741 Category : Political Science Languages : en Pages : 400
Book Description
Electricity is critical to enabling India’s economic growth and providing a better future for its citizens. In spite of several decades of reform, the Indian electricity sector is unable to provide high-quality and affordable electricity for all, and grapples with the challenge of poor financial and operational performance. To understand why, Mapping Power provides the most comprehensive analysis of the political economy of electricity in India’s states. With chapters on fifteen states by scholars of state politics and electricity, this volume maps the political and economic forces that constrain and shape decisions in electricity distribution. Contrary to conventional wisdom, it concludes that attempts to depoliticize the sector are misplaced and could worsen outcomes. Instead, it suggests that a historically grounded political economy analysis helps understand the past and devise reforms to simultaneously improve sectoral outcomes and generate political rewards. These arguments have implications for the challenges facing India’s electricity future, including providing electricity to all, implementing government reform schemes, and successfully managing the rise of renewable energy.
Author: Carlos Rufin Publisher: Edward Elgar Publishing ISBN: 9781781957363 Category : Political Science Languages : en Pages : 244
Book Description
Through a variety of analytical lenses - formal modeling, econometrics and case study comparisons - Carlos Rufín fills a gap in the political economy of second-wave, or microeconomic, reforms around the world. More specifically, he does so in the context of the electricity supply industry, where such reforms have been as problematic as they have been widespread. The author shows that ideological considerations and bargaining over the distribution of economic rents accruing from certain institutional arrangements are powerful shapers of institutional change. At the same time, the legacy of the past does not appear to have a clear or systematic effect on the direction of second-wave reforms that seek to transform existing economic institutions. If distributional conflicts can be resolved, these conclusions provide grounds for optimism about the ability to create new institutions even in countries where little favorable precedent exists.
Author: Susan L. Shirk Publisher: Univ of California Press ISBN: 0520912217 Category : History Languages : en Pages : 411
Book Description
In the past decade, China was able to carry out economic reform without political reform, while the Soviet Union attempted the opposite strategy. How did China succeed at economic market reform without changing communist rule? Susan Shirk shows that Chinese communist political institutions are more flexible and less centralized than their Soviet counterparts were. Shirk pioneers a rational choice institutional approach to analyze policy-making in a non-democratic authoritarian country and to explain the history of Chinese market reforms from 1979 to the present. Drawing on extensive interviews with high-level Chinese officials, she pieces together detailed histories of economic reform policy decisions and shows how the political logic of Chinese communist institutions shaped those decisions. Combining theoretical ambition with the flavor of on-the-ground policy-making in Beijing, this book is a major contribution to the study of reform in China and other communist countries. This title is part of UC Press's Voices Revived program, which commemorates University of California Press's mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1994. In the past decade, China was able to carry out economic reform without political reform, while the Soviet Union attempted the opposite strategy. How did China succeed at economic market reform without changing communist rule? Susan Shirk shows that Chine
Author: David G. Victor
Author: David G. Victor
Author: Vivien Foster
Author: Alan David Lee
Author: Douglas Arent
Author: Gabriela Inchauste
Author: Tompson William
Author: Verena Fritz
Author: Navroz K. Dubash
Author: Carlos Rufin
Author: Susan L. Shirk