Regulatory governance in infrastructure industries

by Carlos Pereira

"With more than US$100 billion in private investments during the 1990s, the success of infrastructure reforms in Brazil seemed inevitable. However, the current prospects for private participation in infrastructure are far less optimistic and regulatory risk, or at least its perception among private investors, appears to have increased." "Regulatory governance, broadly understood as the conditions for the enforcement of laws and contracts by regulators, is an important component of regulatory risk. Market-friendly legislation and well-designed contracts may be innocuous if regulators are...

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