Explore the vast range of titles available.

This book provides insights into infrastructure sector performance by focusing on the links between key indicators for utilities, and changes in ownership, regulatory agency governance, and corporate governance, among other dimensions. By linking inputs and outputs over the last 15 years, the analysis is able to uncover key determinants that have impacted performance and address why the effects of such dimensions resulted in significant changes in the performance of infrastructure service provision.

Equality of opportunity is about leveling the playing field so that circumstances such as gender, ethnicity, place of birth, or family background do not influence a person's life chances. Success in life should depend on people's choices, effort and talents, not to their circumstances at birth. 'Measuring Inequality of Opportunities in Latin America and the Caribbean' introduces new methods for measuring inequality of opportunities and makes an assessment of its evolution in Latin America over a decade. An innovative Human Opportunity Index and other parametric and non-parametric techniques are presented for quantifying inequality based on circumstances exogenous to individual efforts. These methods are applied to gauge inequality of opportunities in access to basic services for children, learning achievement for youth, and income and consumption for adults.

PurposeRural drinking water services in Chile are managed by Rural Drinking Water Associations (RDWAs) with a community governance model. However, urban growth and a neoliberal institutional setting tend to favor market-style governance, both in terms of territorial planning and drinking water supply, placing stress on the community governance model of RDWA. The authors seek to understand these processes and identify the position of RDWA actors facing socio-territorial and environmental transformations experienced in peri-urban sectors of the city of Talca (Chile).Design/methodology/approachThe authors used georeferenced data, participant and non-participant observation and semi-structured interviews. With these data, the authors analyzed the positions and discourses of water governance actors in relation to socio-territorial transformations in the peri-urban areas of the city, as well as for tensions between community and market governance.FindingsThe authors identified a growth tendency of RDWA users around the city of Talca due to a sharp drinking water demand increase in peri-urban territories. As such, the authors describe and contrast RWDA managers and governmental regulators' discourses regarding environmental and socio-territorial transformations. In these discourses, the authors found three critical topics: (1) land liberalization blurring urban territory borders; (2) Law #20998, a poorly financed reform which raises the specter of RDWA privatization, jeopardizing historic community drinking water management; and (3) the consequences of declining community commitment to RDWAs.Practical implicationsOne key implication of these findings is the need to modify RDWA pricing policies to deal with new rural inhabitant lifestyles and drinking water demands and to fulfill water basic needs of rural families, avoiding privatization risks. This change could help not only dealing with growing scarcity during global climate change, but could also provide financial resources to face new technical and administrative requirements of SSR Law.Originality/valueThe originality of the study comes from using a framework of governance tensions applied to water governance in peri-urban areas in a neoliberal institutional setting.

This book reviews Latin America's experience with infrastructure reform over the last fifteen years. It argues that the region's infrastructure has suffered from public retrenchment and unrealistic expectations about private involvement. Poor infrastructure now hampers productivity, growth, and poverty reduction. Addressing this requires more and better spending, and acceptance that governments remain central to infrastructure provision and supervision, although the private sector still has an important role to play.

This report presents the findings of a first-ever, comprehensive study of how Latin America and the Caribbean (LAC) region airports have evolved during a notable period of transition in airport ownership. It is an unbiased, positive analysis of what happened, rather than a normative analysis of what should be done to reform and to attract private sector participation to the airport sector. It takes the first step to respond to the need for more conclusive information about the influence of airport ownership on economic performance. The report centers on the study of three dimensions of performance: productive efficiency, institutional setup for the governance of the sector, and financing. This multifaceted report uses a range of advanced quantitative and qualitative methods to assess the relationship between airport ownership and performance in the LAC region. After a comprehensive overview, chapters 1 and 2 provide the necessary background for the air transport sector and the evolution of private sector participation and investment in airport infrastructure. In chapter 3, questionnaires submitted to airport operators and regulators led to the creation of the unique data sets, which were first used to compare performance across 14 partial performance indicators, and next used to develop aggregate measures of efficiency necessary for the benchmarking exercise. In chapter 4, a qualitative study of the relationship between type of regulating agency (independent or government-led) and transparency, accountability, and bureaucracy provides insight into how recent reforms have also affected the quality of regulatory governance. Chapter 5 provides an in-depth analysis of the evolution of tariff structures in the region as compared to a sample of international airports. Several important topics were not included in this report but should be the focus of future research. In particular, the evolution of the quality of services in airports deserves greater attention, as airports are increasingly becoming business centers and key gateways for trade competitiveness. The other main topic that requires detailed practical research is climate change and its relationship with the airport sector.

What explains the remarkable resilience of pension regulation in postauthoritarian Chile, even after decades of majoritarian voter discontent and growing international and domestic criticism of Pinochet’s pioneering private capitalization system? This puzzling outcome can be understood only by looking at the combined effect of the pension industry’s long-term power-building investments and its short-term political actions to outmaneuver state and societal challengers. Engaging new theoretical developments in political economy and historical institutionalism, this study examines the long-term process by which the previously nonexistent Chilean pension industry expanded and leveraged its power during key episodes of open contestation. The analysis of pension regulation in Chile between the 1980s and the 2010s illustrates the importance of placing business power in time, motivating new rounds of theory building in the quest to address the perennial question of how business gets what it wants in the political arena.

In the Latin America and Caribbean (LAC) region, as in the rest of the world, reliable financial information is the cornerstone of a robust market economy and efficient public sector. This book presents both an analysis of the broader trends derived from the individual country-level studies produced under the Report on the Observance of Standards and Codes (ROSC) Accounting and Auditing (A&A) program and a synthesis of lessons learned from the Bank's experiences working with policy makers and other stakeholders to implement the ROSC A&A recommendations. This first chapter introduces the book by showing how sound A&A practices in the private and public sectors contribute to LAC development agenda, and by describing the regional economic context. It then presents three case studies of successful financial reporting and auditing reforms within LAC, showing how these reforms have benefited the countries. It describes drivers of reform that have led some countries to adopt global standards of good A&A practice and others to take a more conservative, wait and see approach. Finally, the chapter describes the objectives and methodology of this study, and the structure of the book.

Pension policy is a highly political issue across Latin America. Since the mid-2000s, several countries have re-reformed their pension systems with a general trend toward more state involvement, yet with significant variation. This article contends that policy legacies and the institutional political setting are key to understanding such variation. Analyzing the cases of Argentina, Bolivia, and Chile, this article shows that where a weak legacy, characterized by low coverage and savings rates, a weakly organized pension industry, and strong societal groups that oppose the private system, combines with a strong institutional setting, characterized by a government with large support in Congress and where the president concentrates decisionmaking, re-reform outcomes may lead to the outright elimination of the private pillar. Conversely, where a strong legacy combines with a weak institutional setting, re-reform outcomes will tend to maintain the private pillar and expand only the role of the public one.

Colombian metropolises face a rapid transformation of public and private death spaces because of land scarcity, a demographic transition and a changing market for dead-disposal services. Based on case studies conducted in Bogotá and Medellín, within a Latin American context, this paper analyses the interplay between local governments and enterprises in the deathscape transformation process. The aim is to assess the effects on cemetery users, particularly the bereaved. Analytically, the paper differentiates between publicly and privately governed cemeteries and between older, inner-city graveyards and newer, suburban park cemeteries. The paper sustains that the old dichotomy of elite versus pauper cemeteries is replaced by a contrast between monumental cemeteries that are used for cultural events and suburban cemeteries that function as efficient repositories. In both cases, efficient management of the physical structures, whether as heritage or as recyclable repositories, seems to prevail over the demand for sensory connections between the dead and the living. 'Time' might still distinguish those illustrious dead – who are not allowed to be removed – from those who are removed or recycled. Even their relatives are gradually relegated to ephemeral space as tourist events take over. Hence, regardless of the differences between public and private cemeteries and between inner-city and suburban typologies, the rationalisation process affects the bereaved. They become bystanders in the new temporal-spatial patterns that govern Colombian metropolitan deathscapes.

Since 2002, government nationalizations and contractual breaches in general around the world have surged. South America has witnessed a wave of nationalizations of private enterprises, mostly foreign. Some analysts contend that this trend is shaped by the left-wing ideological orientation of the governments, whereas others argue that a more robust explanation is the combination of economic pressure and constraint factors. This article contributes to the debate by using a nuanced institutional analytical framework based on the concept of company versus government opportunism, applied to the recent nationalization of previously privatized companies. It examines Argentina, a country that in the last two decades has seen radical policy reversals, from sweeping privatization of state-owned enterprises in the 1990s to a renationalization effort with some of the same companies in the early 2000s.