Power Sector Reform in South Asia: An institutional Economics Perspective
Article from: OGEL 4 (2005), in Special Feature: Asian Energy Law and Policy
Although South Asian developing countries had initiated some form of electric power sector reform in the 1990s, often under external lending agency pressures, not much progress has been made so far and there is hardly any noteworthy example of a successful reform in the region. This paper attempts to find out why it is so and what went wrong in the power sector reform process in this region. The paper uses an institutional economics framework (popularised by Douglas North and Oliver Williamson) to identify the factors shaping the success of power sector reforms. This ...