Thailand : Why Liberalization May Stall in a Mature Power Market
This review argues that, following the
1997 crisis, the proposed reform plan was helped by some
particularly conducive country factors: a tough, but not
paralyzing challenge, a quick return to macroeconomic
stability, and, and influential reform champion. However,
many sector factors worked against the plan, among these
were the sector's acceptable level of efficiency, and
consistent resistance by incumbent state-owned utilities,
and a biased reading of the international experience.
Although market liberalization was politically feasible, its
political desirability was weak. The report pays particular
attention to: 1) sequencing reform; 2) adapting and making
amends to the market model, but minimizing risks, and cost
of market failures in a developing country context; and, 3)
selling the reform, by improving perceptions of benefits and
costs, especially mitigating social impacts. Particularly
suggested is the interaction between the political economy,
and the technical design of reform, i.e., in order for
negotiations to arrive at a politically desirable, and
feasible roadmap, they must be subjected to a technical
scrutiny, that ensures that the final reform plan is sound.
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Bibliographic Details
| Main Author: |
World Bank |
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| Language: | English
en_US |
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| Published: |
Washington, DC
2003-10
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| Subjects: | ACCOUNTING,
AUCTIONS,
BIDDING,
BOOK VALUE,
CLEAN COAL,
CLEAN FUELS,
COAL,
COAL TECHNOLOGIES,
COMMERCIALIZATION,
COMPETITIVENESS,
CREDITWORTHINESS,
DEBT,
DEVELOPING COUNTRY CONTEXT,
ECONOMIC ACTIVITY,
ECONOMIC EFFICIENCY,
ECONOMIC GROWTH,
ECONOMISTS,
ELECTRIC POWER,
ELECTRICITY,
ELECTRICITY GENERATION,
ELECTRICITY PRICES,
ELECTRICITY SECTOR,
ELECTRICITY SUPPLY,
EMPLOYMENT,
END-USE,
ENERGY CONSERVATION,
ENERGY PRACTICES,
ENERGY PRICES,
ENVIRONMENTAL IMPACT,
ENVIRONMENTAL MANAGEMENT,
FISCAL DEFICITS,
FISCAL PERFORMANCE,
FUEL,
FUEL CONSUMPTION,
GAS,
GAS RESOURCES,
IMPORTS,
INCOME,
INFLATION,
LABOR PRODUCTIVITY,
LEGISLATION,
LICENSES,
LOAN GUARANTEES,
MACROECONOMIC STABILITY,
MARKET FAILURES,
MARKET LIBERALIZATION,
MARKET REFORMS,
MARKET RISK,
MARKET STRUCTURE,
MARKETING,
MINES,
MONOPOLIES,
NATURAL GAS,
PETROLEUM PRODUCTS,
POLITICAL ECONOMY,
PRICE CAPS,
PRICE CHANGES,
PRICING REFORMS,
PRIVATE SECTOR,
PRODUCERS,
PRODUCTIVITY,
PUBLIC OWNERSHIP,
PUBLIC SECTOR,
PUBLIC SECTOR INVESTMENTS,
PUBLIC SECTOR REFORM,
REFORM PROGRAMS,
RETAIL,
SALES,
SUPPLIERS,
SUSTAINABLE ENERGY,
TRANSFER PRICES, |
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| Online Access: | http://documents.worldbank.org/curated/en/2003/10/3022576/thailand-liberalization-may-stall-mature-power-market-review-technical-pollitical-economy-factors-constrained-electricity-sector-reform-thailand-1998-2002
https://hdl.handle.net/10986/19649
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