 Power Sector Reform: Conceptual IssuesJohn K. Turkson Chapter 2 in Power Sector Reform in SubSaharan Africa, 2000, pp 6-25 from Palgrave Macmillan Abstract: Abstract As part of the wave of liberalization sweeping most parts of the world, power sectors around the globe are coming under intense scrutiny, with some being restructured. Since the early 1980s, two related trends have been evident in many parts of the world. The first is the revival in economic theorizing about the desirability of market solutions to resource-allocations extending into new areas such as telecommunications, health and other sectors that were previously thought most efficiently dealt with in the political or hierarchical allocation systems (Surrey, 1996). The second is the emergence of a political climate that facilitates advocacy for privatization as the main means of change. A third trend, which is very much evident in developing countries (particularly SubSaharan Africa), is the shortage of capital for infrastructure development, and the poor technical, economic and financial performance of electric utility companies. This has interacted with the first two factors to encourage a growing interest in industry structure and ownership restructuring of public utility industries in these parts of the world. Keywords: Conceptual Issue; Reform Process; Industry Structure; Power Sector; Public Enterprise (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-52455-2_2 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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