Institutions, Performance, and the Financing of Infrastructure Services in the Caribbean
This book reviews the access to services, investment needs, tariffs, and efficiency of fifteen Caribbean countries across five infrastructure sectors (telecommunications, electricity, water and sanitation, maritime transport and ports, and airports...
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| Format: | Publication |
| Language: | English en_US |
| Published: |
Washington, DC: World Bank
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2005/01/6057352/institutions-performance-financing-infrastructure-services-caribbean http://hdl.handle.net/10986/7257 |
| Summary: | This book reviews the access to
services, investment needs, tariffs, and efficiency of
fifteen Caribbean countries across five infrastructure
sectors (telecommunications, electricity, water and
sanitation, maritime transport and ports, and airports and
air services). Benchmarks are established to compare
Caribbean countries with each other, and with similar
countries. To some extent, differences in performance can be
explained by unalterable factors such as a given
country's size and location. However, we find that, in
many cases, differences in performance among countries
cannot be completely explained by such factors. Many of the
remaining differences seem to be attributable to
institutional and policy factors, such as the level of
competition among service providers within a given sector,
whether providers are government or privately-controlled,
and the quality of regulatory and subsidy regimes. The study
highlights several key policy findings and recommends
changes that have the potential to help Caribbean
governments overcome some of their inherent disadvantages of
scale to provide better, cheaper infrastructure services. |
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