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Regulations, Institutions, and Commitment - Comparative Studies of Telecommunications (Hardcover, New)
Loot Price: R1,546
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Regulations, Institutions, and Commitment - Comparative Studies of Telecommunications (Hardcover, New)
Series: Political Economy of Institutions and Decisions
Expected to ship within 10 - 15 working days
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The book assesses the impact of core political and social
institutions on regulatory structures and performance in the
telecommunications industry in Jamaica, the United Kingdom, Chile,
Argentina, and the Philippines. These core institutions are shown
to influence strongly the credibility and effectiveness of
regulation, and thus its ability to encourage private investment
and support efficiency. Currently, privatization and regulatory
reform are often viewed as the solution to the problem of poor
performance by telecommunications and other public utilities. This
volume argues that these high expectations may not always be met
because of the way a country's political and social institutions -
its executive, legislative and judicial systems, its informal norms
of public behaviour - interact with regulatory processes and
economic conditions. In some environments, regulatory solutions run
counter to the prevailing wisdom: achieving credible commitment may
require an inflexible regulatory regime, and sometimes public
ownership of utilities may be the only feasible alternative.
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