This paper shows empirically that "privatization" in the energy, telecommunications, and water sectors, and the introduction of independent regulators in those sectors, have not always had the expected effects on access, affordability, or quality of services. It also shows that corruption leads...

Privatization has increased the number of players in the decision-making process for major transport investment decisions. The main argument of this paper is that this fragmentation is creating opportunities for strategic decision-making by each actor and that this is particularly obvious in the...

Latin America's macroeconomic crisis of the 1980s and '90s forced a severe fiscal adjustment across the region. More often than not, however, fiscal stability was achieved at the cost of a drastic compression of public infrastructure spending, which in some countries amounted to half or more of...