It is claimed by the World Bank and other authors that Chile has been a success in privatising their public sector. This research paper shall analyse this claim with respect to Chile’s energy sector. Moreover, this paper investigates into the World Bank’s privatisation strategies during times of the Washington and Post-Washington Consensus, whereby criticism is expressed. Aspects of competition and regulation theory as well as risk are examined. The paper concludes that the Washington Consensus is merely reached by individual institutions and therefore, not representative for judging privatisation issues in general.
Inhaltsverzeichnis (Table of Contents)
- Abstract
- Section I
- Introducing the Washington Consensus
- Criticism of the World Bank and the Washington Consensus
- From the Washington to the Post-Washington Consensus
- Section II
- Privatisation Theory
- World Bank's Privatisation Strategies in times of the WC
- World Bank's Privatisation Strategies of the PWC
- Privatisation in the Energy Sector
- Competition and Regulation Theory
- Risk and Uncertainty
- Case Study: Chile
- Section III
- Conclusion
- Bibliography
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This research paper examines the World Bank's role in the privatization of public services, specifically focusing on the energy sector in Chile. The paper analyzes the World Bank's privatization strategies during both the Washington Consensus (WC) and Post-Washington Consensus (PWC) periods, highlighting criticisms of these strategies. It also explores the theoretical frameworks of competition, regulation, and risk as they pertain to privatization. The paper aims to demonstrate that the Washington Consensus, as a set of policies implemented by various institutions, does not provide a comprehensive framework for evaluating privatization issues.
- The World Bank's role in privatization
- The Washington Consensus and Post-Washington Consensus
- Privatization strategies in the energy sector
- Competition, regulation, and risk in privatization
- Criticisms of the World Bank and the Washington Consensus
Zusammenfassung der Kapitel (Chapter Summaries)
- Section I: Introducing the Washington Consensus This section introduces the Washington Consensus (WC) as a set of neoliberal policies aimed at promoting economic growth in Latin America during the 1980s. It discusses the origins and influence of the WC, highlighting its role in shaping economic reforms in many countries. The section also details the ten key policy areas of the WC, with a particular focus on privatization.
- Section II: Privatisation Theory This section delves into the theoretical underpinnings of privatization. It explores the World Bank's privatization strategies during the WC and PWC eras, examining the application of these strategies in the energy sector. The section also explores competition and regulation theory, analyzing the role of risk and uncertainty in privatization.
- Case Study: Chile This section examines Chile's privatization experience in the energy sector, analyzing whether the country's success in privatization aligns with the World Bank's claims.
Schlüsselwörter (Keywords)
The key terms and concepts explored in this paper include the Washington Consensus, Post-Washington Consensus, World Bank, privatization, energy sector, Chile, competition, regulation, risk, and uncertainty. The paper investigates the influence of these concepts on the privatization of public services, particularly in developing countries.
- Arbeit zitieren
- Vicki Preibisch (Autor:in), 2006, An Investigation into the Role of the World Bank in relation to the Privatisation of Public Services with respect to the Washington and Post-Washington Consensus, München, GRIN Verlag, https://www.grin.com/document/67970
