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J Luis Guasch - Managing the Regulatory Process: Design, Concepts, Issues, and the Latin America and Caribbean Story (World Bank Latin American and Caribbean Studies. Viewpoints)

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Managing the Regulatory Process: Design, Concepts, Issues, and the Latin America and Caribbean Story (World Bank Latin American and Caribbean Studies. Viewpoints): summary, description and annotation

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...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 countrys own environment, can significantly increase the likelihood of effective regulation.

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title Managing the Regulatory Process Design Concepts Issues and the - photo 1

title:Managing the Regulatory Process : Design, Concepts, Issues, and the Latin America and Caribbean Story World Bank Latin American and Caribbean Studies. Viewpoints
author:Guasch, J. Luis.; Spiller, Pablo T.
publisher:World Bank
isbn10 | asin:0821344978
print isbn13:9780821344972
ebook isbn13:9780585261409
language:English
subjectTrade regulation--Latin America, Industrial policy--Latin America, Deregulation--Latin America.
publication date:1999
lcc:HD3616.L33G828 1999eb
ddc:338.98
subject:Trade regulation--Latin America, Industrial policy--Latin America, Deregulation--Latin America.
Page i
Managing the Regulatory Process: Design, Concepts, Issues, and the Latin America and Caribbean Story
WORLD BANK LATIN AMERICAN
AND CARIBBEAN STUDIES
Viewpoints
J. Luis Guasch
and Pablo Spiller
The World Bank
Washington, D.C.
Page ii
Copyright 1999
The International Bank for Reconstruction
and Development/THE WORLD BANK
1818 H Street, N.W.
Washington, D.C. 20433, U.S.A.
All rights reserved
Manufactured in the United States of America
First printing July 1999
The findings, interpretations, and conclusions expressed in this paper are entirely those of the author(s) and should not be attributed in any manner to the World Bank, to its affiliated organizations, or to members of its Board of Executive Directors or the countries they represent. The World Bank does not guarantee the accuracy of the data included in this publication and accepts no responsibility whatsoever for any consequence of their use. The boundaries, colors, denominations, and other information shown on any map in this volume do not imply on the part of the World Bank Group any judgment on the legal status of any territory or the endorsement or acceptance of such boundaries.
The material in this publication is copyrighted. Requests for permission to reproduce portions of it should be sent to the Office of the Publisher at the address shown in the copyright notice above. The World Bank encourages dissemination of its work and will normally give permission promptly and, when the reproduction is for noncommercial purposes, without asking a fee. Permission to copy portions for classroom use is granted through the Copyright Clearance Center, Inc., Suite 910, 222 Rosewood Drive, Danvers, Massachusetts 01923, U.S.A.
The complete backlist of publications from the World Bank is shown in the annual Index of Publications, which contains an alphabetical title list (with full ordering information) and indexes of subjects, authors, and countries and regions. The latest edition is available free of charge from the Distribution Unit, Office of the Publisher, The World Bank, 1818 H Street, N.W., Washington, D.C. 20433, U.S.A., or from Publications, The World Bank, 66, avenue d'lena, 75116 Paris, France.
The painting on the cover, MORRO, by Emiliano Di Cavalcanti, was provided by Christie's Images. Permission to reproduce it was granted by Mr.Jorge Getulio Veiga Filho.
J. Luis Guasch is Lead Economist for Latin America and the Caribbean Region and the Development Economics and Chief Economist Office at the World Bank, and Professor of Economics, University of California, San Diego. Pablo T. Spiller is Professor of Economics and Public Utilities, University of California, Berkeley.
Library of Congress Cataloging-in-Publication Data
Guasch, J. Luis.
Managing the regulatory process : design, concepts, issues, and
the Latin America and Caribbean story / J. Luis Guasch and Pablo
Spiller.
p. cm. (World Bank Latin American and Caribbean studies.
Viewpoints)
Includes bibliographical references.
ISBN 0-8213-4497-8
1. Trade regulationLatin America. 2. Industrial policyLatin
America. 3. DeregulationLatin America. I. Spiller, Pablo T.
(Pablo Tomas), 1951- . II. Title. III. Series.
HD3616.L33G828 1999 99-38444
338.98dc21 CIP
Page iii
Contents
Acknowledgments
vii
List of Abbreviations
ix
List of Tables
xi
List of Figures
xiii
List of Boxes
xv
1. The Costs and Benefits of Regulation: The Call for Regulatory Reform
1
Picture 2
Regulation: Definition, Rationale, and Problems
2
Picture 3
The Costs and Benefits of Regulation
5
Picture 4
Assessing the Gains from Regulatory Reform
9
Picture 5
Regulation as an Instrument Delaying the Introduction of New Products
13
Picture 6
Developing Countries
20
Picture 7
Summary
25
Picture 8
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