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Regulating telecommunications in developing countries : outcomes, incentives, and commitment
Policy Research Working Papers, World Bank, 1995The private sector invests heavily in infrastructure, makes reasonable returns, and improves productivity when regulators reduce the firm's information advantage, induce the firm (through pricing) to operate efficiently, and institute safeguarding mechanisms to protect the firm against expropriation of assets or quasirents.In response to the recent wave of privatizing and regulating monopoliesDocumentPayment systems in Latin America : a tale of two countries : Colombia and El Salvador
Policy Research Working Papers, World Bank, 1995Colombia and El Salvador should consider (among other things) developing an automated clearinghouse --- to make direct deposit and direct credit systems more efficient and to serve as a platform for electronic inter-bank payments.Payment systems include all the paper (including cash) and electronic systems a country uses to exchange financial value to discharge obligations.DocumentIn search of price rigidities : recent sectoral evidence from Argentina
Policy Research Working Papers, World Bank, 1995Monetary and exchange rate policies have different effects on relative prices among economic sectors --- and thus significantly influence the real side of the economy.The hypothesis that the price adjustment to nominal shocks is instantaneous has been part of the monetarist approach explaining the inflationary process in Argentina.But Morisset and Revoredo argue that monetary and exchange raDocumentRationing can backfire: The "Day Without a Car" in Mexico City
Policy Research Working Papers, World Bank, 1995In Mexico City, a ban restricting each car from driving on a specified workday actually increased total driving and congestion.In November 1989, Mexico City's administration imposed a regulation banning each car from driving on a specific day of the week. The regulation has been both popular and controversial.DocumentConcessions of busways to the private sector : the Sao Paulo Metropolitan Region experience
Policy Research Working Papers, World Bank, 1995A pioneer project in Sao Paulo, Brazil (and in the world) demonstrates that private companies are ready to go deeper into public transport than they have gone before.DocumentEconomic performance in small open economies : the Caribbean experience, 1980 - 1992
Policy Research Working Papers, World Bank, 1995Six small Caribbean islands did remarkably well during a period of significant economic problems, while four larger islands did poorly. Why? The difference in performance cannot be explained by external shocks alone.McCarthy and Zanalda study the economic performance of ten Caribbean islands from 1980 to 1992.DocumentTrade preferential agreements in Latin America : an ex - ante assessment
Policy Research Working Papers, World Bank, 1996As a rule, preferential trade agreements between countries in Latin America and the Caribbean will probably be far less meaningful than they are in Europe or even than they are in the Asia Pacific region.DocumentEssentials for sustainable urban transport in Brazil's large metropolitan areas
Policy Research Working Papers, World Bank, 1996Four pillars for sound development and longterm sustainability of the urban transport sector in large metropolitan areas.Before financing major urban transport projects, decisionmakers should attempt to put in place the basic elements for long-term sustainability of the sector.DocumentEvaluating Bolivia's choices for trade integration
Policy Research Working Papers, World Bank, 1996Bolivia which has liberalized its trade regime unilaterally on a most favored nation basis now faces a number of choices for maintaining its position within the Andean Group and for receiving preferential access to Mercosur.DocumentIs commodity - dependence pessimism justified? : critical factors and government policies that characterize dynamic commodity sectors
Policy Research Working Papers, World Bank, 1996Commodity dependence does not necessarily lead to low income and export growth. Government policies that encourage dynamic and viable commodity sectors include:Eliminating price controls and state monopolies. Promoting research and extension. Developing transport and communications infrastructure. Enticing foreign capital and technology transfers.Pages
