Private Initiatives in Infrastructure: Priorities, Incentives and Performance

Public-private collaboration in infrastructure projects takes place in a variety of institutional frameworks worldwide. This volume considers the different cultural, political and legal settings in the US, UK, Japan and other countries and regions where policymakers are reconsidering traditional mechanisms for raising and deploying capital. By focusing on concrete examples in specific countries, the editors and contributors draw useful lessons for strong sector performance in telecommunications, power, water and social infrastructure. Innovative strategies that work can be modified and refined in other sectors and other countries. Going beyond ideological debate, this volume presents a pragmatic approach to best practice, one that combines market-oriented solutions with governmental oversight according to the specific cultural and institutional situations. Regulators, academics, policymakers, politicians, and students in public policy, finance and economics will find this volume practical and original.

Table of Contents:
Contents: Introduction Part I: Japan: Public–Private Partnerships in Transition 1. Infrastructure Building in the Japanese Telecommunications Sector: From Public–Public to Public–Private Partnership 2. The Third Sector's Failure in Japan 3. Regulatory Reform of the Electricity Industry in Japan: An Overview of the Process Part II: UK and India: Declining Role of the State 4. The Declining Role of the State in Infrastructure Investments in the UK 5. Private Initiatives in the England and Wales Electricity Industry 6. Private Financing Initiatives in India's Telecommunications Sector 7. Private Financing Initiatives in India's Electricity Sector Part III: US and Emerging Markets: Stakeholders and the Status Quo 8. Public Power: Perspectives in Electricity Restructuring 9. Domestic and International Environmental Issues in Restructuring Electric Industries 10. Infrastructure Management: Applications to Latin America 11. Institutions and Telecommunications Performances in Africa: Stability, Governance, and Incentives Conclusion Index

About the Author :
Edited by Sanford V. Berg, Distinguished Service Professor and Director, Public Utility Research Center, University of Florida, US, Michael G. Pollitt, Professor of Business Economics, Judge Business School, University of Cambridge, UK and Masatsugu Tsuji, Faculty of Economics, Kobe International University, Japan

Review :
'This book provides a useful overview of international developments in this important area of public policy. The breadth of international coverage is an important strength.'