Table of Contents

Leading Issues in Competition, Regulation and Development

Leading Issues in Competition, Regulation and Development

The CRC Series on Competition, Regulation and Development

Edited by Paul Cook, Colin Kirkpatrick, Martin Minogue and David Parker

The book draws together contributions from leading experts across a range of disciplines including economics, law, politics and governance, public management and business management. The authors begin with an extensive overview of the issues of regulation and competition in developing countries, and carefully illustrate the important themes and concepts involved. Using a variety of country and sector case studies, they move on to focus on the problems of applicability and adaptation that are experienced in the process of transferring best practice policy models from developed to developing countries. The book presents a clear agenda for further empirical research and is notable for its rigorous exploration of the links between theory and practice.

Chapter 8: Public management and regulatory governance: problems of policy transfer to developing countries

Martin Minogue

Subjects: development studies, development economics, law and development, economics and finance, competition policy, development economics, law - academic, law and development, politics and public policy, regulation and governance

Extract

Martin Minogue INTRODUCTION: THE DEBATE ON ECONOMIC DEVELOPMENT STRATEGIES Analysis of regulatory governance in developing economies immediately encounters several difficulties. First, concepts of regulatory governance and the regulatory state are still relatively new in developed economies, and are generally the product of a post-privatisation phase of neoliberal economic reform. While recent surveys of privatisation on an international basis have been broadly favourable (Megginson and Netter, 2001; Shirley and Walsh, 2001) analysis of the application of privatisation and associated reforms in developing economies has been more critical, and it is clear that much more work is needed on their social effects. The picture is particularly blurred in respect of the reforms such as privatisation, contracting and regulation, which involve a new conception of state–market relations, and so add in the complexities of governance and political institutions in developing countries. Meanwhile, major players themselves appear now to be seriously divided about the appropriateness of current economic reforms and their relation to broader development strategies. There can be no gainsaying the practical hold that neoliberal policies have exerted since the 1980s through their adoption and promotion by official aid agencies and bilateral donors. This has been characterised as the ‘Washington consensus’ – a broad set of ingredients in a recipe for successful economic growth and development originally spelled out by Williamson (1990, 1996) and regarded as agreed on by crucial Washington institutions, including the IMF, the World Bank, and the US Treasury. A key perception was that ‘the role of the State was...

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