Electricity reform in China, India and Russia: the World Bank template and the politics of power
Edward Elgar, 2004 - 359 ページ
'This is an excellent book. The author has taken up three enormous countries, the world's two most populous and the largest in area, and examined electricity reform in them. Economics is only one of the disciplines used, with appeals also to law, politics and history. The author comes up with a conclusion that is quite critical of the processes of corporatisation and privatisation that have dominated reform in electricity and much less enthusiastic than the conventional wisdom of economists. The book includes references to many countries other than China, India and Russia, and is arranged topically, not country by country, which brings out the comparative nature of the study and makes it more interesting and convincing. This book is insightful, unconventional even provocative, brilliantly argued, highly scholarly, thickly documented, wide-ranging and timely. All those with policy-making, specialist or generalist interest in this critically important area should read this splendid book.' - Colin Mackerras, Griffith University, Australia Examining the reform and restructuring of the electricity industry in China, India and Russia, this book explores the way that local conditions and institutions shape the commitment, direction and speed of public utility reform in the three countries. It questions the validity of the argument that one model for electricity reforms will work in all countries, on the grounds that the industry is the same everywhere, by examining the World Bank's involvement in economic reforms in developing and transition economies. The author asks how the template developed by the World Bank has affected the three countries and seeks to explain why changes took place, how effectively they have been proceeding, and what the consequences are for these countries. In so doing, Electricity Reform in China, India and Russia challenges both the assumption behind the new reform paradigm - that market competition is the panacea for all the ills of the electricity industry - and the oft-cited belief that a single template can work in different environments. China, India and Russia have different political and economic systems and at different development stages. Xu Yi-chong uses the experience of the three countries to illustrate the complications created by the use of a single template, a policy encouraged by the World Bank, to direct reform and the need to appreciate the different problems that each had to overcome. Academics and students who are interested in comparative politics, comparative economics, public policy and particularly the reform of public utilities will find this work of great interest, as will practitioners and those who are involved in restructuring the electricity industry worldwide.
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adopted allocation Anatoly Chubais assets Bank's bills budget cent central government changes China Chubais coal competition consumers corporation corporatization cost CPSUs created decentralization demand developing and transition developing countries EBRD economic reform efficiency Electric Power electricity industry electricity reform electricity sector electricity supply electricity tariffs end-users energy ensure federal GRIDCO increase India India and Russia infrastructure institutions investment investors IPPs issue loans major million Ministry MOEP monopoly natural monopolies non-payment problem NTPC operation Orissa OSEB ownership reform payment planned economy plants political power bureaus power enterprises power sector production projects provincial power companies reforming the electricity regional regulation regulatory agency regulatory regime responsibility restructuring Russia SDPC SEBs shortage Soviet Union SPCC state-owned structure three countries transition economies transmission and distribution transmission grids transmission networks unbundling Unified Energy System utilities vertically integrated World Bank