Handbook for Evaluating Infrastructure Regulatory Systems

Front Cover
World Bank Publications, 2006 M01 1 - 397 pages
More than 200 new infrastructure regulators have been created around the world in the last 15 years. They were established to encourage clear and sustainable long-term economic and legal commitments by governments and investors to encourage new investment to benefit existing and new customers. There is now considerable evidence that both investors and consumers-the two groups that were supposed to have benefited from these new regulatory systems-have often been disappointed with their performance. The fundamental premise of this book is that regulatory systems can be successfully reformed only if there are independent, objective and public evaluations of their performance. Just as one goes to a medical doctor for a regular health checkup, it is clear that infrastructure regulation would also benefit from periodic checkups. This book provides a general framework as well as detailed practical guidance on how to perform such "regulatory checkups."
 

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Page 145 - I cannot change; The courage to change the things I can; And the wisdom to know the difference.
Page 11 - Not everything that is faced can be changed, but nothing can be changed until it is faced.
Page 77 - If you don't know where you are going, any road will get you there.
Page 56 - ... a nation's well-being, as well as its ability to compete, is conditioned by a single, pervasive cultural characteristic: the level of trust inherent in the society.
Page 156 - Chairman, is the one that deems that those who do not learn from history are doomed to repeat it.
Page 84 - Zoido-Lobaton (2001) define governance as "the traditions and institutions by which authority in a country is exercised. This includes (1) the process by which governments are selected, monitored and replaced, (2) the capacity of the government to effectively formulate and implement sound policies, and (3) the respect of citizens and the state for the institutions that govern economic and social interactions among them" (Kaufmann, Kraay and Zoido-Lobaton, 2002: 4-5).
Page 287 - It is better to know some of the questions than all the answers.
Page 5 - It is important to be clear as to what is meant by 'articulation
Page xiv - Finally, the authors of this handbook emphasize that regulation is a means to an end, not an end in itself.
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