efforts of market-oriented reforms, and inevitably raises the issue of whether the design and rhythm of the reform have been … fast for the foreseeable future and that sector reform must be based upon dynamic rather than static efficiency …. Furthermore, the large Brazilian hydropower system requires special treatment if we are to have investment in hydro and in thermal …

Philippines has largely utilized privatization as a major approach to the development of infrastructure, particularly in power … involvement in infrastructure provision. Regulatory reform has accompanied the effort to ensure operational efficiency and …