The Question of Governance in the Privatisation of Infrastructure
Notice bibliographique
Résumé
In the Caribbean, particularly Guyana and Jamaica, the boundaries of the state started to shift to privatisation with the adapting of their structural adjustment programmes and the conditionalities. In discussing pre-privatisation and post-privatisation governance, it is important that we realise that legitimacy is not primarily about ownership but about control, regardless of whether this is effected through regulation, or direct ownership or whether economic activity should be guided by the market, subject to only general competition (Newberry 2000). The greatest detriment to private participation in infrastructure is the regulatory environment. If the regulation is unlimited in scope, unclear in operation and inclined towards micromanagement, private investors will be detracted and simply seek a more compatible environment. The regulatory regime must be limited, transparent, fair and consistent and government must keep its promises. Investors are now not only wary of direct expropriation, but also of administrative or incremental expropriation, depriving the private firm of legitimate recovery of costs and profits. The conduct of the regulator has to be such that he is considered an important referee where the objective is to optimise output, rather than reflecting the interest of the political groups. The regulation of infrastructure has to deal with asset specificity on the part of the firm, bounded rationality on the part of the regulation, and opportunism by both parties. In addition, it has to protect agreements against intervention by other parties. A major threat here is not just directly from the government, but treaties and domestic and international pressure groups may cause the need for legislation in areas such as safety and environmental issues after the signing of the compact that could significantly affect the operations of the entity. In summary, a government can effect privatisation by committing itself credibly to post-privatisation governance that serves the public interest. Finally, Government macroeconomic policy that will encourage the creation of employment is essential to governance of privatisation in the Caribbean context, as jobs produce consumers who can pay user fees. This holds true whether we are discussing potable water supply where there is a great need or toll roads, which may be dependent on higher incomes for the purchase of transportation services and vehicles.
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Comment cette classification a été obtenuedéplier
Prédiction distillée sur la base complète
Imitation des enseignantsNi prévalence calibrée, ni vérité terrain. Validation humaine à venir. Apprise à partir de 10 348 étiquettes directes de Codex et de 10 348 étiquettes directes de Gemma. Le mode candidate est l'union des têtes enseignantes seuillées; le consensus est leur intersection. Ces sorties portent le statut machine_predicted_unvalidated et ne sont ni des étiquettes humaines ni des étiquettes directes de modèles de pointe.
Scores Codex et Gemma par catégorie
| Catégorie | Codex | Gemma |
|---|---|---|
| Métarecherche | 0,001 | 0,000 |
| Méta-épidémiologie (sens strict) | 0,000 | 0,000 |
| Méta-épidémiologie (sens large) | 0,000 | 0,000 |
| Bibliométrie | 0,000 | 0,000 |
| Études des sciences et des technologies | 0,000 | 0,000 |
| Communication savante | 0,000 | 0,000 |
| Science ouverte | 0,000 | 0,000 |
| Intégrité de la recherche | 0,000 | 0,000 |
| Charge utile insuffisante (le modèle a refusé de juger) | 0,000 | 0,000 |
Scores machine (provisoires)
Les deux têtes enseignantes du modèle étudiant, lues sur ce travail. Un score ordonne la base pour la relecture; il n'affirme jamais une catégorie, et le statut de validation accompagne chaque rangée tel quel.
Scores de référence d'un modèle non mature (critères de maturité non atteints, 7 itérations). Un score ordonne; il n'affirme jamais une catégorie.
score_only:v0-immature-baseline · tel quel depuis la passe de notation : score_only signifie que le nombre peut ordonner les travaux, et qu'aucune étiquette de catégorie n'en découleClassification
machine, non validéePrédiction automatique; un appel candidat d’une seule tête enseignante, pas un consensus.
Le détail, modèle par modèle et score par score, se trouve en fin de page sous « Comment cette classification a été obtenue ».