Infrastructure is a fundamental driver of economic growth and social development. Yet, unmet investment needs coexist with white elephants and bridges to nowhere, while major construction projects face huge cost overruns and citizen protest. The governance of infrastructure is already complex, involving a wide array of stakeholders and strategies. Drawing on novel survey data and case studies from around the world, The Governance Report 2016 examines the capacity of public administration to manage infrastructure investments, highlights governance innovations, and provides guidance for public governance of infrastructure. The Report offers information, analysis, and tools for policymakers, practitioners, and academics interested in infrastructure and other large-scale projects.
Infrastructure only tends to be noticed when it is absent, declining, or decrepit, or when enormous cost overruns, time delays, or citizen protests make the headlines. If infrastructure is indeed a fundamental driver of economic growth and social development, why is it so difficult to get right? In addressing this perennial question, this volume-the fourth edition in an annual series tackling different aspects of governance around the world-makes the case for a governance perspective on infrastructure. This implies moving beyond rational economic analysis of what should be done towards an analysis of the political, institutional, and societal mechanisms that shape decision-making about infrastructure investment, planning, and implementation. Engaging with theories from sociology, political science, and public administration, and drawing on empirical analyses bridging OECD and non-OECD countries, the contributions to this volume dissect the logics of infrastructure governance in a novel way, providing timely analyses that will enrich both scholarly and policy debates about how to get infrastructure governance right.
Why are carefully designed, sensible policies too often not adopted or implemented? When they are, why do they often fail to generate development outcomes such as security, growth, and equity? And why do some bad policies endure? World Development Report 2017: Governance and the Law addresses these fundamental questions, which are at the heart of development. Policy making and policy implementation do not occur in a vacuum. Rather, they take place in complex political and social settings, in which individuals and groups with unequal power interact within changing rules as they pursue conflicting interests. The process of these interactions is what this Report calls governance, and the space in which these interactions take place, the policy arena. The capacity of actors to commit and their willingness to cooperate and coordinate to achieve socially desirable goals are what matter for effectiveness. However, who bargains, who is excluded, and what barriers block entry to the policy arena determine the selection and implementation of policies and, consequently, their impact on development outcomes. Exclusion, capture, and clientelism are manifestations of power asymmetries that lead to failures to achieve security, growth, and equity. The distribution of power in society is partly determined by history. Yet, there is room for positive change. This Report reveals that governance can mitigate, even overcome, power asymmetries to bring about more effective policy interventions that achieve sustainable improvements in security, growth, and equity. This happens by shifting the incentives of those with power, reshaping their preferences in favor of good outcomes, and taking into account the interests of previously excluded participants. These changes can come about through bargains among elites and greater citizen engagement, as well as by international actors supporting rules that strengthen coalitions for reform.
Studies in Public and Non-Profit Governance (SPNPG) publishes in a growing area of governance research. SPNPG allows for the establishment of an engaged community of researchers. It contributes to the definition of the theoretical components that assign an innovation role to governance systems in public and non profit organizations.
A detailed look at the importance of corporate governance in today's business world The importance of corporate governance became dramatically clear at the beginning of the twenty-first century as a series of corporate meltdowns from managerial fraud, misconduct, and negligence caused a massive loss of shareholder wealth. As part of the Robert W. Kolb Series in Finance, this book provides a comprehensive view of the shareholder-manager relationship and examines the current state of governance mechanisms in mitigating the principal-agent conflict. This book also offers informed suggestions and predictions about the future direction of corporate governance. Relies on recent research findings to provide guidance through the maze of theories and concepts Uses a structured approach to put corporate governance in perspective Addresses essential issues related to corporate governance including the idea of principal-agent conflict, role of the board of directors, executive compensation, corporate monitoring, proxy contests and corporate takeovers, and regulatory intervention Corporate governance is an essential part of mainstream finance. If you need to gain a better understanding of this topic, look no further than this book.
Looking at recent developments around the world, it seems that democratic values -- from freedom of association and speech to fair and free elections and a system of checks and balances -- have come under threat. Experts have, however, disproportionately focused on the problems of democracy in the West, and pointed to familiar sets of shortcomings and emerging deficiencies. By contrast, and with few exceptions, there is less attention to assessing the numerous efforts and innovative activities that are taking place at local, national and international levels. They seek to counteract backsliding and subversion by improving resilience and consolidation and by promoting the expansion of democracy, especially in an era of limited sovereignty and, frequently also, statehood. The Governance Report 2017 focuses on those policies, programs, and initiatives meant to address the causes of the current democratic malaise, to foster democratic resilience, and to stimulate the (re-)consolidation and development of democratic regimes. The Report's ambition, reflecting its evidence-based approach, is to shed light on how to manage and care for democracy itself. Specifically, against the backdrop of an assessment of the state of democracy and enriched by cross-national, comparative indicators and case studies, the Report emphasizes solutions geared toward enhancing citizen participation and improving institutions in various contexts, including the rise of neo-populism. Going beyond descriptions of best practices, the Report also examines their origins, identifies the actual and potential trade-offs these solutions entail, and makes concrete recommendations to policymakers.
Digital technologies are spreading rapidly, but digital dividends--the broader benefits of faster growth, more jobs, and better services--are not. If more than 40 percent of adults in East Africa pay their utility bills using a mobile phone, why can’t others around the world do the same? If 8 million entrepreneurs in China--one third of them women--can use an e-commerce platform to export goods to 120 countries, why can’t entrepreneurs elsewhere achieve the same global reach? And if India can provide unique digital identification to 1 billion people in five years, and thereby reduce corruption by billions of dollars, why can’t other countries replicate its success? Indeed, what’s holding back countries from realizing the profound and transformational effects that digital technologies are supposed to deliver? Two main reasons. First, nearly 60 percent of the world’s population are still offline and can’t participate in the digital economy in any meaningful way. Second, and more important, the benefits of digital technologies can be offset by growing risks. Startups can disrupt incumbents, but not when vested interests and regulatory uncertainty obstruct competition and the entry of new firms. Employment opportunities may be greater, but not when the labor market is polarized. The internet can be a platform for universal empowerment, but not when it becomes a tool for state control and elite capture. The World Development Report 2016 shows that while the digital revolution has forged ahead, its 'analog complements'--the regulations that promote entry and competition, the skills that enable workers to access and then leverage the new economy, and the institutions that are accountable to citizens--have not kept pace. And when these analog complements to digital investments are absent, the development impact can be disappointing. What, then, should countries do? They should formulate digital development strategies that are much broader than current information and communication technology (ICT) strategies. They should create a policy and institutional environment for technology that fosters the greatest benefits. In short, they need to build a strong analog foundation to deliver digital dividends to everyone, everywhere.
Looking at recent developments around the world, it seems that democratic values -- from freedom of association and speech to fair and free elections and a system of checks and balances -- have come under threat. Experts have, however, disproportionately focused on the problems of democracy in the West, and pointed to familiar sets of shortcomings and emerging deficiencies. By contrast, and with few exceptions, there is less attention to assessing the numerous efforts and innovative activities that are taking place at local, national and international levels. They seek to counteract backsliding and subversion by improving resilience and consolidation and by promoting the expansion of democracy, especially in an era of limited sovereignty and, frequently also, statehood. The Governance Report 2017 focuses on those policies, programs, and initiatives meant to address the causes of the current democratic malaise, to foster democratic resilience, and to stimulate the (re-)consolidation and development of democratic regimes. The Report's ambition, reflecting its evidence-based approach, is to shed light on how to manage and care for democracy itself. Specifically, against the backdrop of an assessment of the state of democracy and enriched by cross-national, comparative indicators and case studies, the Report emphasizes solutions geared toward enhancing citizen participation and improving institutions in various contexts, including the rise of neo-populism. Going beyond descriptions of best practices, the Report also examines their origins, identifies the actual and potential trade-offs these solutions entail, and makes concrete recommendations to policymakers.
This book presents an analysis of why some large infrastructure projects are delayed or compromised and offers important insights into the better delivery of future projects. It provides an important reaction to the ambitious €315 billion investment plan devised by the European Commission, wherein Europe's infrastructure is a key investment target. Germany is adopted as a focus, as Europe's largest economy, and a nation that has seen significant delays and tensions in the delivery of key infrastructure projects. The contributions to this volume demonstrate various patterns for infrastructure assets and illustrate how factors such as poor project governance, early planning mistakes, inappropriate risk management and unforeseen technological challenges influence delivery. The in-depth case studies on the Berlin Brandenburg Airport, the Hamburg Elbphilharmonie, and offshore wind parks show how project delivery can face massive problems, and illuminating solutions are offered to these problems. Overall, the case of Germany also offers the opportunity to assess various new forms of project delivery, such as public-private partnerships (PPP), and the risks and opportunities of ambitious first-mover 'pioneer' projects. The book will be of great interest for scholars and upper-level students of human geography, business and management, as well as policy makers.
Public investment, and particularly infrastructure investment, is important for sustainable economic growth and development as well as public service provision. However, it is also vulnerable to capture and corruption.
