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Africa's Failure to Industrialize: Bad Luck or Bad Policy?
16 December 2014 John Page On 20 November 2014 the United Nations celebrated the 25th Africa Industrialization Day. But perhaps ‘celebrate’ is not...
16 December 2014 John Page On 20 November 2014 the United Nations celebrated the 25th Africa Industrialization Day. But perhaps ‘celebrate’ is not...
The economies in transition are experiencing unique changes in the distribution of assets. The growth in the share of private ownership is occurring through the privatization of state-owned assets and through the birth of private firms. The changes...
The paper compares the Russian transition with the Chinese reforms. The concept and implications of 'transition' differ from those of 'reform'. Transition in its systemic understanding is considered as a change of the system, a shift to a new one...
Radical and simultaneous economic reforms were implemented in many developing countries, especially in Africa, Asia and Latin America in the 1980s and early 1990s. Many of these reforms - structural adjustment programmes - were implemented with...
This paper investigates poverty reduction strategy papers (PRSPs), launched by the International Monetary Fund/World Bank in 1999 as conditions for debt relief and loans. It queries whether PRSPs really represent a shift away from the controversial...
Relying on a general equilibrium model of Argentina’s economy calibrated for 1993 and internalizing all productivity and scale gains achieved up to 1999, this paper isolates the distributional effects of utilities reform from the impact of other...
This paper analyses the privatization of utilities in Bolivia, detailing the particularities of the capitalization mechanism which was used for this purpose. The analysis suggests that capitalization and regulation, and the liberalization of the...
The UK was one of the earliest countries to undertake utility reform, which included changes in ownership, in the regulatory regime and in market structure and competition. While most agree that the programme has had beneficial effects on efficiency...
by Cecilia Ugaz and Catherine Waddams Price How have consumers fared from the sale and introduction of competition to the traditional ‘public...
Almost five years after privatization took place in electricity and telecommunications, and major reforms had been carried out in the administration of water, the results is not clear a priori. In order to elucidate the panorama, this research tries...
Part of Book Utility Privatization and Regulation
The aim of this paper is to analyse the effect of institutional reforms on the revival of African economies. We study the impact of positive changes in business environment indicators of the Doing Business project and the Economic Freedom Index of...
Part of Book External Finance for Private Sector Development
Part of Book Transition and Institutions
Part of Book From Conflict to Recovery in Africa
Part of Book From Conflict to Recovery in Africa
Part of Book Reforming Africa's Institutions
All countries in transition experienced increases in inequality. They have also undertaken massive privatization of key asset housing, often on give-away terms. Are these two phenomena related? Has transfer of ownership rights to residents slowed...
The privatization of the national public utilities that took place almost a decade ago in Argentina seem to be explained by the persisting deficits of the enterprises, a general dissatisfaction with their performance and the difficulties government...
The objective of this paper is to broaden the discussion on regulation in general and on the regulation of utilities in particular. Beyond the technical complexity involved in designing and implementing regulatory interventions, we focus our...
The study examines the official bilateral donors’ current aid practice for private sector development (PSD). In particular, it reviews the donors’ major instruments and channels for aid delivery and the extent to which official flows have catalytic...
Although privatization has been a key feature of economic policy in Africa since the early 1990s its sequencing and intensity have varied from country to country, with donor leverage being an important determinant of the pace of implementation...
In spite of not being ‘public goods’ in the strict sense of the term, public provision has been a common way of supplying utilities services around the world. Among the major reasons underlying the dominant position of the public sector as the...
In 1991, the new Government of Ethiopia faced a triple fiscal challenge. First, a major effort was required to overhaul and modernize the tax system. Second, the need to switch expenditure from military to civilian uses had to take place within a...