Decentralizing Infrastructure

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  • Decentralizing Infrastructure Book Detail

  • Author : Antonio Estache
  • Release Date : 1995
  • Publisher : World Bank Publications
  • Genre : Business & Economics
  • Pages : 132
  • ISBN 13 : 9780821333358
  • File Size : 32,32 MB

Decentralizing Infrastructure by Antonio Estache PDF Summary

Book Description: World Bank Discussion Paper No. 286. This report was commissioned as part of a project on the effectiveness of credit policies in East Asian countries. In the Republic of Korea, the government has played a pervasive role in promoting industrialization and economic development. The report documents the use of directed credit programs and highlights what made government intervention effective: its close consultation with industry, the existence of a competitive business environment, and a strong monitoring and evaluation system. The report notes the risk-sharing arrangements developed by Korean policymakers and the flexible adaptation of directed credit programs to the changing needs of the Korean economy. The authors also emphasize the long-term costs of reliance on directed credit programs and the measures taken in recent years to redirect the programs' objectives and redress the imbalances that have arisen along Korea's path to economic development.

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Decentralizing Infrastructure

Decentralizing Infrastructure

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World Bank Discussion Paper No. 286. This report was commissioned as part of a project on the effectiveness of credit policies in East Asian countries. In the R

Decentralizing Infrastructure

Decentralizing Infrastructure

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Decentralization-- or rather the realization that the optimal decisionmaking structure in the public sector is almost certainly noncentralized (polycentric)-- m

Decentralizing Infrastructure

Decentralizing Infrastructure

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World Bank Discussion Paper No. 286. This report was commissioned as part of a project on the effectiveness of credit policies in East Asian countries. In the R