Managing the Regulatory Process: Design, Concepts, Issues, and the Latin America and Caribbean Story
'...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.
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THE REGULATION OF UTILITIES
CREATING THE BASIC ENGINEERING
BASIC ENGINEERING EXPERIENCES
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access price administrative airport allowed antitrust areas Argentina assets auction average basic bidders cellular charges Chile Colombia Commission companies competition concession concession contract concessionaire consumers contract credibility decisions demand deregulation developing countries distribution economic economies of scale ecpr efficiency electricity Endesa enforcement Entel example firms franchise granted impact incentives increase industry infrastructure institutional interconnection investment issues legislation license limit long-distance marginal cost ment merger Mexico million monopolist natural monopoly Oftel operations percent political port potential price cap Price-cap regulation private sector problems procurement production profit railway rate of return reduce reform regu regulatory agency regulatory framework renegotiation restructuring retail price index revenue rules segments sion specific spectrum structure subsidy sumers Table tariff Telecom telecommunications telephone Telmex tion tive toll toll roads transmission transport United Kingdom users utilities vertical