Energy Security Along the New Silk Road. Energy Law and Geopolitics in Central Asia by Anatole Boute - Book Review
Article from: OGEL 4 (2020), in Book Reviews and Related Material
Introduction
For more than a decade, the Washington Consensus prescription for the reform of national energy sectors has progressively been revealed as excessively idealistic and unsuited to political economy realities. Even the United Kingdom, one of the pioneers in power sector privatisation and market liberalisation, has found that markets do not keep the lights on without judicious state manipulation. The World Bank itself has published systematic surveys of power market reform that show how economic conditions combined with institutional deficiencies can undermine such reforms. Not only ...