Rethinking Power Sector Reform in the Developing World

Rethinking Power Sector Reform in the Developing World
Author: Vivien Foster
Publisher: World Bank Publications
Total Pages: 482
Release: 2019-12-05
Genre: Science
ISBN: 1464814430

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

Grid for growth

Grid for growth
Author: Kanishk Chaudhry
Publisher: OrangeBooks Publication
Total Pages: 292
Release: 2023-12-07
Genre: Juvenile Nonfiction
ISBN:

The Grid for Growth is a comprehensive exploration of the complex evolution of the Indian power sector, delving into the policy shifts, regulatory frameworks, and technological advancements that have shaped its trajectory. The book offers a nuanced analysis of the challenges and opportunities associated with transforming the country's power sector, shedding light on the impact of privatization, renewable energy integration, and the role of government initiatives in driving sustainable and inclusive growth. With a keen focus on the interplay between economics, politics, and environmental sustainability, this seminal work serves as a vital resource for scholars, policymakers, and stakeholders seeking to understand the dynamics of India's power sector reforms and their implications for the nation's energy landscape. The views expressed in the book are the author’s personal views and not those of the Government.

Problem-Driven Political Economy Analysis

Problem-Driven Political Economy Analysis
Author: Verena Fritz
Publisher: World Bank Publications
Total Pages: 289
Release: 2014-01-13
Genre: Business & Economics
ISBN: 1464801223

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.

Making Politics Work for Development

Making Politics Work for Development
Author: World Bank
Publisher: World Bank Publications
Total Pages: 350
Release: 2016-07-14
Genre: Business & Economics
ISBN: 1464807744

Governments fail to provide the public goods needed for development when its leaders knowingly and deliberately ignore sound technical advice or are unable to follow it, despite the best of intentions, because of political constraints. This report focuses on two forces—citizen engagement and transparency—that hold the key to solving government failures by shaping how political markets function. Citizens are not only queueing at voting booths, but are also taking to the streets and using diverse media to pressure, sanction and select the leaders who wield power within government, including by entering as contenders for leadership. This political engagement can function in highly nuanced ways within the same formal institutional context and across the political spectrum, from autocracies to democracies. Unhealthy political engagement, when leaders are selected and sanctioned on the basis of their provision of private benefits rather than public goods, gives rise to government failures. The solutions to these failures lie in fostering healthy political engagement within any institutional context, and not in circumventing or suppressing it. Transparency, which is citizen access to publicly available information about the actions of those in government, and the consequences of these actions, can play a crucial role by nourishing political engagement.

Rents to Riches?

Rents to Riches?
Author: Naazneen Barma
Publisher: World Bank Publications
Total Pages: 303
Release: 2012
Genre: Business & Economics
ISBN: 0821384805

Rents to Riches> focuses on the political economy of the detailed decisions that governments make at each step of the natural resource management (NRM) value chain. Many resource-dependent developing countries pursue seemingly shortsighted and suboptimal policies when extracting, taxing, and investing resource rents. The book contextualizes these micro-level outcomes with an emphasis on two central political economy dimensions: the degree to which governments can make credible intertemporal commitments to both resource developers and citizens, and the degree to which governments and inclined to turn resource rents into public goods. Almost 1.5 billion people live in the more than 50 World Bank client countries classified as resource-dependent. A detailed understanding of the way political economy characteristics affect the NRM decisions made in these countries by governments, extractive developers, and society can improve the design of interventions to support welfare-enhancing policy making and governance in the natural resource sectors. Featuring case study work from Africa (Angola, the Democratic Republic of Congo, Ghana, Niger, Nigeria), East Asia and Pacific (the Lao People's Democratic Republic, Mongolia, Timor-Leste), and Latin America and the Caribbean (Bolivia, Chile, Ecuador, Mexico, Trinidad an dTobago_, the book provides guidance for government clients, domestic stakeholders, and development partners committed to transforming natural resource into sustainable development riches.

Revisiting Electricity Market Reforms

Revisiting Electricity Market Reforms
Author: Han Phoumin
Publisher: Springer Nature
Total Pages: 304
Release: 2022-09-19
Genre: Business & Economics
ISBN: 9811942668

This book combines the fundamentals of industrial organization theories based on microeconomic foundations, applied econometrics and environmental and natural resource economics in undertaking a comprehensive review of reforms of the power sector and its impact on industrial and socio-economic performance. The book provides the reader with the intellectual groundwork necessary for understanding the workings and interactions of today’s reforming power markets such as in the ASEAN and East Asia that are striving to achieve the energy policy trilemma of affordability, energy sustainability and energy security. The topics addressed in this book include application of welfare theorems such as competition in and for the market in the electricity sector, market failures such as lack of electricity access, analysis of forecasting models under volatility, energy resource allocation such as renewable energy and competitive market designs of energy markets. Country-specific and region-specific case studies are used to analyze the progress and outcomes of market-driven electricity reforms across the reforming and advanced electricity markets. Therefore, the book derives policy lessons and provides policy recommendations in reforming power markets for the ASEAN and East Asia taking stock of more than three decades of global experience with power sector reforms. The electricity markets case studies are carefully chosen and supported by extensive data analyses as appropriate. This book on energy economics and policy is highly recommended to readers who seek an in-depth and up-to-date integrated overview about the evolving literature and status on electricity market reforms with a particular reference to Asia.

Private Participation in the Indian Power Sector

Private Participation in the Indian Power Sector
Author: Mohua Mukherjee
Publisher: World Bank Publications
Total Pages: 185
Release: 2014-10-21
Genre: Business & Economics
ISBN: 1464803404

Massive private investment that complements public investment is needed to close the demand-supply gap and make reliable power available to all Indians. Government efforts have sought to attract private sector funding and management efficiency throughout the electricity value chain, adapting its strategy over time.

Regulatory Cycles: Revisiting the Political Economy of Financial Crises

Regulatory Cycles: Revisiting the Political Economy of Financial Crises
Author: Jihad Dagher
Publisher: International Monetary Fund
Total Pages: 89
Release: 2018-01-15
Genre: Business & Economics
ISBN: 1484337743

Financial crises are traditionally analyzed as purely economic phenomena. The political economy of financial booms and busts remains both under-emphasized and limited to isolated episodes. This paper examines the political economy of financial policy during ten of the most infamous financial booms and busts since the 18th century, and presents consistent evidence of pro-cyclical regulatory policies by governments. Financial booms, and risk-taking during these episodes, were often amplified by political regulatory stimuli, credit subsidies, and an increasing light-touch approach to financial supervision. The regulatory backlash that ensues from financial crises can only be understood in the context of the deep political ramifications of these crises. Post-crisis regulations do not always survive the following boom. The interplay between politics and financial policy over these cycles deserves further attention. History suggests that politics can be the undoing of macro-prudential regulations.

Dams, Power, and the Politics of Ethiopia's Renaissance

Dams, Power, and the Politics of Ethiopia's Renaissance
Author: Tom Lavers
Publisher: Oxford University Press
Total Pages: 337
Release: 2024-10-01
Genre: Political Science
ISBN: 0192699067

This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read on the Oxford Academic platform and offered as a free PDF download from OUP and selected open access locations. After more than a decade of construction, Ethiopia is filling the Grand Ethiopian Renaissance Dam (GERD), a controversial dam with the potential to transform the hydrology and politics of the Nile Basin. The GERD is the culmination of a dam building boom carried out over three decades and a key pillar of the Ethiopian Peoples' Revolutionary Democratic Front's (EPRDF) efforts to bring about an Ethiopian 'Renaissance'. Dams, Power, and the Politics of Ethiopia's Renaissance provides a detailed examination of the domestic and international political dynamics that shaped Ethiopia's dam building, drawing on extensive primary research including more than a hundred interviews with politicians, technocrats, consultants, and donors. The authors reflect on the implications of Ethiopia's dam building for broader debates about the role of the state in late development, the dynamics of twenty-first century dam building, and the political economy of renewable energy transitions. A central argument of the book is that Ethiopia's dam building is symbolic of the successes and failures of the EPRDF's 'developmental state'. On the one hand, this dams' boom enhanced electricity generation capacity, while constituting a key element of the state infrastructure investment that turned Ethiopia into one of the world's fastest growing economies. In contrast, a politically driven decision-making process undermined electricity planning, contributed to an unsustainable debt burden, and, ultimately, failed to provide reliable electricity access to key users. Following the EPRDF's collapse, the subsequent Prosperity Party government has taken steps away from the state-led development model of its predecessor, while labouring towards the final completion of the GERD. Oxford Studies in African Politics and International Relations is a series for scholars and students working on African politics and International Relations and related disciplines. Volumes concentrate on contemporary developments in African political science, political economy, and International Relations, such as electoral politics, democratization, decentralization, gender and political representation, the political impact of natural resources, the dynamics and consequences of conflict, comparative political thought, and the nature of the continent's engagement with the East and West. Comparative and mixed methods work is particularly encouraged. Case studies are welcomed but should demonstrate the broader theoretical and empirical implications of the study and its wider relevance to contemporary debates. The focus of the series is on sub-Saharan Africa, although proposals that explain how the region engages with North Africa and other parts of the world are of interest. Series Editors: Nic Cheeseman (University of Birmingham), Peace Medie (University of Bristol), and Ricardo Soares de Oliveira (University of Oxford)