Drawing on a range of international experiences and empirical studies, this policy research report recommends directions for future reforms and research to improve infrastructure performance—identifying pricing policies that strike a balance between economic efficiency and social equity, suggesting rules governing access to bottleneck infrastructure facilities, and proposing ways to increase poor people’s access to these crucial services.
Recognizing infrastructure’s importance, many countries over the past two decades have implemented far-reaching infrastructure reforms—restructuring, privatizing, and establishing new approaches to regulation. Reforming Infrastructure identifies the challenges involved in this massive policy redirection within the historical, economic, and institutional context of developing and transition economies. It also assesses the outcomes of these policy changes, as well as their distributional consequences—especially for poor households and other disadvantaged groups.
Reforming Infrastructure: Privatization, Regulation and Competition was written by Ioannis Kessides (Lead Economist, Development Research Group) under the supervision of Francois Bourguignon (Senior Vice President and Chief Economist) and David Dollar (Senior Adviser), with guidance from an advisory board comprising Paul Joskow (Massachusetts Institute of Technology), Michael Klein (World Bank IFC Vice President and Chief Economist, IFC), David Newbery (University of Cambridge), and Roger Noll (Stanford University).
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