Regulatory Governance in Infrastructure Industries

Regulatory Governance in Infrastructure Industries
Author: Bernardo Mueller
Publisher: World Bank Publications
Total Pages: 94
Release: 2006-01-01
Genre: Business & Economics
ISBN: 0821366106

"This paper assesses and measures regulatory governance in 21 infrastructure regulators in Brazil. Regulatory Governance is decomposed into four main attributes: autonomy; decision-rules; means and tools; and accountability. A ranking is proposed and the main areas for improvement identified. A comparison of the proposed regulatory governance index and other indexes internationally available is performed. Section 2 sets up the analytical framework for the report, identifying key components of regulatory governance, namely, autonomy (political and financial), procedures for decision-making, tools and means (including personnel), and accountability. Section 3 assesses each of these components in practice, reporting the results of a survey with 21 regulatory agencies in Brazil, which was designed and implemented in 2005. Section 4 measures regulatory governance based on three related indexes, ranks the Brazilian regulators among themselves, and compares the proposed indexes with other two indicators available in the literature. Section 5 presents the conclusions."

What it Takes to Lower Regulatory Risk in Infrastructure Industries

What it Takes to Lower Regulatory Risk in Infrastructure Industries
Author: Paulo Correa
Publisher:
Total Pages:
Release: 2012
Genre:
ISBN:

This article points out that regulatory governance-how regulators manage concession contracts, or other public-private contractual arrangements and sector laws-can affect the private sector's perception of regulatory risk and thus the availability of private capital for infrastructure projects. Four key elements of the regulatory governance structure can reduce the risk of regulatory failure: political and financial autonomy, decision-making structures that reduce regulatory discretion, access to effective enforcement and other regulatory tools, and efficient rules of accountability. This note presents an analytical framework based on those four elements and applies it in assessing regulatory governance in Brazil.

The Rise of the Regulatory State of the South

The Rise of the Regulatory State of the South
Author: Navroz K. Dubash
Publisher: OUP Oxford
Total Pages: 320
Release: 2013-06-27
Genre: Law
ISBN: 0191668494

The 1990s and 2000s have witnessed a spurt of energetic institution-building in the developing world, as regulatory agencies emerge to take over the role of the executive in key sectors. This rise of the regulatory state of the south is barely noticed both by scholars of regulation and of development, let alone adequately documented and theorized. Yet the consequences for the role of the state and modalities of governance in the south are substantial, as politically charged decisions are handed over to formally technocratic agencies, creating new arenas and forms of contestation over the gains and losses from development decisions. Moreover, this shift in the developing world comes at a time when the regulatory state in the north is under considerable stress from the global financial crisis. Understanding the regulatory state of the south, and particularly forms of accommodation to political pressures, could stimulate a broader conversation around the role of the regulatory state in both north and south. This volume seeks to provoke such a discussion by empirically exploring the emergence of regulatory agencies of a range of developing countries across Asia, Africa, and Latin America. The cases focus on telecommunications, electricity, and water: sectors that have often been at the frontlines of this transition. The central question for the volume is: Are there distinctive features of the regulatory state of the South, shaped by the political-economic context of the global south in the last two decades? To assist in exploring this question, the volume includes brief commentaries on the case studies from a range of disciplines: development economics, law and regulation, development sociology, and comparative politics. Collectively, the volume seeks to shape the contours of a productive inter-disciplinary conversation on the emergence of a significant empirical phenomenon - the rise of regulatory agencies in the developing world - with implications both for the study of regulation and the study of development.

Handbook for Evaluating Infrastructure Regulatory Systems

Handbook for Evaluating Infrastructure Regulatory Systems
Author: Ashley C. Brown
Publisher: World Bank Publications
Total Pages: 422
Release: 2006-01-01
Genre: Business & Economics
ISBN: 0821365800

More than 200 new infrastructure regulators have been created around the world in the last 15 years. They were established to encourage clear and sustainable long-term economic and legal commitments by governments and investors to encourage new investment to benefit existing and new customers. There is now considerable evidence that both investors and consumers-the two groups that were supposed to have benefited from these new regulatory systems-have often been disappointed with their performance. The fundamental premise of this book is that regulatory systems can be successfully reformed only if there are independent, objective and public evaluations of their performance. Just as one goes to a medical doctor for a regular health checkup, it is clear that infrastructure regulation would also benefit from periodic checkups. This book provides a general framework as well as detailed practical guidance on how to perform such "regulatory checkups."

Regulation of Logistics Infrastructure in Brazil

Regulation of Logistics Infrastructure in Brazil
Author: Martin Lodge
Publisher:
Total Pages: 139
Release: 2017
Genre:
ISBN:

Logistics infrastructures are critical for social and economic development. Enhancing infrastructures has therefore become a central theme for governments internationally. Given the state of public finances in Brazil, the key challenge is how to attract sufficient private investment into infrastructures so as to achieve social and economic development. This report deals with the regulation of logistics infrastructures in Brazil, focusing in particular on the federal level. Brazil, one of the key emerging economies in the world, has a particular need for developing logistics infrastructures. Past initiatives however have suffered from a lack of strategic perspective and from poor regulatory capacity. They have encouraged poor strategic investments and a ‘gaming culture’ among concession holders. The latest reforms have sought to strengthen the credibility and predictability of regulatory frameworks to attract ‘better’ and ‘new’ private investment into expanding Brazil’s logistics infrastructure. This report argues that such an approach towards regulation is unlikely to be sufficient. Instead, it argues for a renewed focus on regulatory governance and regulatory capacity. This study therefore is interested in developing insights and recommendations that both serve the development of regulatory capacity in Brazil – a country that has witnessed considerable investment into its regulatory frameworks over the past two decades – and address sector-specific challenges.

Uncovering the Drivers of Utility Performance

Uncovering the Drivers of Utility Performance
Author: Luis A. Andrés
Publisher: World Bank Publications
Total Pages: 257
Release: 2013-07-18
Genre: Business & Economics
ISBN: 0821397001

This book provides insights into infrastructure sector performance by focusing on the links between key indicators for utilities, and changes in ownership, regulatory agency governance, and corporate governance, among other dimensions. By linking inputs and outputs over the last 15 years, the analysis is able to uncover key determinants that have impacted performance and address why the effects of such dimensions resulted in significant changes in the performance of infrastructure service provision.