Managing the Regulatory Process : Design, Concepts, Issues, and the Latin America and Caribbean Story

J Luis Guasch

ISBN 10: 0821344978 / ISBN 13: 9780821344972

Editore: World Bank Publications Aug 1999, 1999

Riguardo questo articolo

Neuware - Over the last twenty years, while developed countries witnessed unparalleled rise in new regulations, developing countries complemented their privatization, with deregulation practices in various sectors, and devised regulatory frameworks, particularly for the utilities sectors. The study analyzes the impact of economic regulation on productivity and efficiency among the Latin American and Caribbean developing countries, assessing their gains from regulatory reforms. Basic choices for regulation engineering are examined, both successful contract practices, such as in Jamaica, or specific legislation in Chile, to disastrous regulation decrees in Argentina, and shows contract practices, to be the salient choice for most Latin American countries. The study reviews various practices, such as franchises and concessions, as modes of private sector participation and alternatives to regulation, analyzing the design of these arrangements for competitive marketability of their goods and services. Privatization restructuring and regulation concepts are examined, and a methodology spells out considerations for state-owned monopolies, prior to privatization. Finally, the challenge of regulation is revised, where lessons on regulatory design are examined, and an analysis on discretionary practices, re-negotiation and structural issues is presented, along with regulatory best practices.

Codice articolo 9780821344972

Dati bibliografici

• Titolo: Managing the Regulatory Process : Design, Concepts, Issues, and the Latin America and Caribbean Story
• Editore: World Bank Publications Aug 1999
• Data di pubblicazione: 1999
• Lingua: Inglese
• ISBN 10: 0821344978
• ISBN 13: 9780821344972
• Rilegatura: Taschenbuch
• Condizione: Neu
• Dimensioni: 279 L x 210 A x 18 P (millimetri) 279 millimetri di larghezza per 210 millimetri di altezza per 18 millimetri di profondità
• Peso: 759 grammi

Descrizione articolo

Riassunto

'...developing countries, complementing their far-reaching privatization programs, are engaged in deregulating various sectors of their economies and devising new regulatory frameworks for others, particularly the utilities sectors.'As economies become more open, pressures on countries to become more competitive drive the call for regulatory reform to reduce costs and foster increased productivity, competitiveness, and growth. This report provides an overview of the costs and benefits of regulation throughout the world. It provides case histories of regulation in different countries, developed and developing and in various sectors, such as, transportation, utilities, and power. It presents different strategies that were employed. Furthermore, it identifies lessons learned and lays the foundations for a best practice scenario for other countries to adopt. While the challenges to regulatory reform are considerable, so are the efforts that developing countries are making to face them. These lessons, when properly adapted to each country's own environment, can significantly increase the likelihood of effective regulation.