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Infrastructure policy and governance failures

Daniel Benitez, Antonio Estache and Tina Søreide ()

No 5, CMI Working Papers from CMI (Chr. Michelsen Institute), Bergen, Norway

Abstract: Interventions to fix market failures in infrastructure have often resulted in some form of governance failure and this contributes importantly to explain shortcomings in the supply of infrastructure services in developing countries and increasingly in developed countries in crisis. The development community continues to address sector dysfunctions from the sector level, often with a ‘one solution fits all’ approach, instead of approaching the political level, which is considered more challenging. This paper presents a systematic structured review of experiences with policy work in light of political economy explanations. Governance failures have different explanations – including populism, patronage, corruption or ownership shares in the private sector. This paper offers a structured framework for identifying the given governance challenge and discusses the need for more tailor-made approaches to sector-reform.

Keywords: Political economy; Infrastructure; Regulation; Reform (search for similar items in EconPapers)
Pages: 31 pages
Date: 2012
New Economics Papers: this item is included in nep-pol and nep-tre
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