Alternatives to Infrastructure Privatization Revisited

Released on by Jose A. Gomez-Ibanez
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  • Alternatives to Infrastructure Privatization Revisited Book Detail

  • Author : Jose A. Gomez-Ibanez
  • Release Date : 2016
  • Publisher : World Bank Publications
  • Genre :
  • Pages : 62
  • ISBN 13 :
  • File Size : 44,44 MB
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Alternatives to Infrastructure Privatization Revisited by Jose A. Gomez-Ibanez PDF Summary

Book Description: Frustration with the performance of State-owned enterprises (SOEs) has led to two rounds of reform: the first round, from the 1960s through the 1980s, attempted to improve SOE performance while maintaining public ownership while the second, beginning in the late 1980s, viewed privatization as the answer. Interest in the earlier round of reform has increased recently as controversy has slowed or halted privatization in many countries, especially for SOEs providing infrastructure services that are basic to everyday life and are thought to have elements of monopoly. This paper reexamines the earlier round of reforms, focusing particularly on efforts to increase the firms' capacity with infusions of human and physical capital, to strengthen managerial incentives through performance contracts and corporatization and to alter the mix of political and economic forces that impinge on the firm by strengthening the involvement of taxpayers, customers or private investors. The review suggests that these earlier approaches generated only modest success but that some of them, selectively applied, may be helpful in improving the performance of infrastructure firms that remain in public hands.

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Major Infrastructure Projects

Major Infrastructure Projects

File Size : 24,24 MB
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In this unique and comprehensive textbook, the authors examine the challenges faced all around the world with regard to major infrastructure project management,