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Infrastructure only tends to be noticed when it is absent, declining, or decrepit, or when enormous cost overruns, time delays, or citizen protests make the headlines. If infrastructure is indeed a fundamental driver of economic growth and social development, why is it so difficult to get right? In addressing this perennial question, this volume-the fourth edition in an annual series tackling different aspects of governance around the world-makes the case for a governance perspective on infrastructure. This implies moving beyond rational economic analysis of what should be done towards an analysis of the political, institutional, and societal mechanisms that shape decision-making about infrastructure investment, planning, and implementation. Engaging with theories from sociology, political science, and public administration, and drawing on empirical analyses bridging OECD and non-OECD countries, the contributions to this volume dissect the logics of infrastructure governance in a novel way, providing timely analyses that will enrich both scholarly and policy debates about how to get infrastructure governance right
In: World development report 2017
In: A World Bank Group flagship report
Why are carefully designed, sensible policies too often not adopted or implemented? When they are, why do they often fail to generate development outcomes such as security, growth, and equity? And why do some bad policies endure? World Development Report 2017: Governance and the Law addresses these fundamental questions, which are at the heart of development. Policy making and policy implementation do not occur in a vacuum. Rather, they take place in complex political and social settings, in which individuals and groups with unequal power interact within changing rules as they pursue conflicting interests. The process of these interactions is what this Report calls governance, and the space in which these interactions take place, the policy arena. The capacity of actors to commit and their willingness to cooperate and coordinate to achieve socially desirable goals are what matter for effectiveness. However, who bargains, who is excluded, and what barriers block entry to the policy arena determine the selection and implementation of policies and, consequently, their impact on development outcomes. Exclusion, capture, and clientelism are manifestations of power asymmetries that lead to failures to achieve security, growth, and equity. The distribution of power in society is partly determined by history. Yet, there is room for positive change. This Report reveals that governance can mitigate, even overcome, power asymmetries to bring about more effective policy interventions that achieve sustainable improvements in security, growth, and equity. This happens by shifting the incentives of those with power, reshaping their preferences in favor of good outcomes, and taking into account the interests of previously excluded participants. These changes can come about through bargains among elites and greater citizen engagement, as well as by international actors supporting rules that strengthen coalitions for reform-Cover
In: World development report 2017
Why are carefully designed, sensible policies too often not adopted or implemented? When they are, why do they often fail to generate development outcomes such as security, growth, and equity? And why do some bad policies endure? This book addresses these fundamental questions, which are at the heart of development. Policy making and policy implementation do not occur in a vacuum. Rather, they take place in complex political and social settings, in which individuals and groups with unequal power interact within changing rules as they pursue conflicting interests. The process of these interactions is what this Report calls governance, and the space in which these interactions take place, the policy arena. The capacity of actors to commit and their willingness to cooperate and coordinate to achieve socially desirable goals are what matter for effectiveness. However, who bargains, who is excluded, and what barriers block entry to the policy arena determine the selection and implementation of policies and, consequently, their impact on development outcomes. Exclusion, capture, and clientelism are manifestations of power asymmetries that lead to failures to achieve security, growth, and equity. The distribution of power in society is partly determined by history. Yet, there is room for positive change. This Report reveals that governance can mitigate, even overcome, power asymmetries to bring about more effective policy interventions that achieve sustainable improvements in security, growth, and equity. This happens by shifting the incentives of those with power, reshaping their preferences in favor of good outcomes, and taking into account the interests of previously excluded participants. These changes can come about through bargains among elites and greater citizen engagement, as well as by international actors supporting rules that strengthen coalitions for reform
Infrastructure only tends to be noticed when it is absent, declining, or decrepit, or when enormous cost overruns, time delays, or citizen protests make the headlines. If infrastructure is indeed a fundamental driver of economic growth and social development, why is it so difficult to get right? In addressing this perennial question, this volume makes the case for a governance perspective on infrastructure.
In: The International library of critical writings in economics 328
In: Elgaronline
In: Edward Elgar books
In: Edward Elgar E-Book Archive
Recommended readings (Machine generated): Henry Hansmann (1988), 'Ownership of the Firm', Journal of Law, Economics, and Organization, IV (2), Fall, 267-304 -- Paul H. Rubin (1978), 'The Theory of the Firm and the Structure of the Franchise Contract', Journal of Law and Economics, 21 (1), April, 223-33 -- Sanford J. Grossman and Oliver D. Hart (1986), 'The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration', Journal of Political Economy, 94 (4), August, 691-719 -- Jonathan Levin and Steven Tadelis (2005), 'Profit Sharing and the Role of Professional Partnerships', Quarterly Journal of Economics, 120 (1), February, 131-71 -- Peter T. Leeson (2007), 'An-arrgh-chy: The Law and Economics of Pirate Organization', Journal of Political Economy, 115 (6), December, 1049-94 -- Shelly Lundberg and Robert A. Pollak (1996), 'Bargaining and Distribution in Marriage', Journal of Economic Perspectives, 10 (4), Fall, 139-58 -- L.S. Shapley and Martin Shubik (1954), 'A Method for Evaluating the Distribution of Power in a Committee System', American Political Science Review, 48 (3), September, 787-92 -- David P. Baron and John A. Ferejohn (1989), 'Bargaining in Legislatures', American Political Science Review, 83 (4), December, 1181-206 -- Rui J.P. de Figueiredo, Tonja Jacobi and Barry R. Weingast (2006), 'The New Separation-of-Powers Approach to American Politics', in Barry R. Weingast and Donald A.Wittman (eds), Oxford Handbook of Political Economy, Chapter 11, New York, USA: Oxford University Press, 199-222 -- Eugene F. Fama and Michael C. Jensen (1983), 'Separation of Ownership and Control', Journal of Law and Economics, XXVI (2), June, 301-25 -- Neil Bruce and Michael Waldman (1990), 'The Rotten-Kid Theorem Meets the Samaritan's Dilemma', Quarterly Journal of Economics, 105 (1), February, 155-65 -- Donald Wittman (2005), 'The Internal Organization of the Family: Economic Analysis and Psychological Advice', Kyklos, 58 (1), February, 121-44 -- Ronald Wintrobe (1990), 'The Tinpot and the Totalitarian: An Economic Theory of Dictatorship', American Political Science Review, 84 (3), September, 849-72 -- Daron Acemoglu, Thierry Verdier and James A. Robinson (2004), 'Alfred Marshall Lecture: Kleptocracy and Divide-and-Rule: A Model of Personal Rule', Journal of the European Economic Association, 2 (2-3), April-May, 162-92 -- Donald Wittman (2013), 'Strategic Behavior and Organizational Structure in Religions', British Journal of Political Science, 44 (4), October, 717-39 -- Mathew D. McCubbins and Thomas Schwartz (1984), 'Congressional Oversight Overlooked: Police Patrols versus Fire Alarms', American Journal of Political Science, 28 (1), February, 165-79 -- James M. Enelow and Melvin J. Hinich (1984), 'Probabilistic Voting and the Importance of Centrist Ideologies in Democratic Elections', Journal of Politics, 46 (2), May, 459-78 -- Gene M. Grossman and Elhanan Helpman (1996), 'Electoral Competition and Special Interest Politics', Review of Economic Studies, 63 (2), April, 265-86 -- Donald Wittman (2009), 'How Pressure Groups Activate Voters and Move Candidates Closer to the Median', Economic Journal, 119 (540), October, 1324-43
In: Oxford scholarship online
In: Political Science
Infrastructure only tends to be noticed when it is absent, declining, or decrepit, or when enormous cost overruns, time delays, or citizen protests make the headlines. If infrastructure is indeed a fundamental driver of economic growth and social development, why is it so difficult to get right? In addressing this perennial question, this volume makes the case for a governance perspective on infrastructure
In: American review of public administration: ARPA, Band 47, Heft 1, S. 130-147
ISSN: 0275-0740
In: Background Paper for the World Development Report 2017
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In: European Corporate Governance Institute (ECGI) - Finance Working Paper No. 507/2017
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In: World Development Report 2017: Governance and the Law, S. 167-193
In: World Development Report 2017: Governance and the Law, S. 137-165