000			03194cam a22004095i 4500
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007			cr cn|||||||||
008			020129s2017 dcu o i00 0 eng
020			_a9781464810084 _c _45.00 USD
020			_z9781464810077
035			_a(The World Bank)211007
040			_aDJBF _beng _cDJBF _erda
100	1		_aInchauste, Gabriela. _926087
245	1	4	_aThe Political Economy of Energy Subsidy Reform / _cGabriela Inchauste.
264		1	_aWashington, D.C. : _bThe World Bank, _c2017.
300			_a1 online resource (270 pages)
336			_atext _btxt _2rdacontent
337			_acomputer _bc _2rdamedia
338			_aonline resource _bcr _2rdacarrier
347			_adata file _2rda
490	1		_aDirections in Development;Directions in Development - Energy and Mining;Directions in Development - Public Sector Governance
520	3		_aThis book proposes a simple framework for understanding the political economy of subsidy reform and applies it to four in-depth country studies covering more than 30 distinct episodes of reform. Five key lessons emerge. First, energy subsidies often follow a life cycle, beginning as a way to stabilize prices and reduce exposure to price volatility for low-income consumers. However, as they grow in size and political power, they become entrenched. Second, subsidy reform strategies vary because the underlying political economy problems vary. When benefits are concentrated, satisfying (or isolating) interest groups with alternative policies is an important condition for effective reform. When benefits are diffuse, it can be much harder to identify and manage the political coalition needed for reform. Third, governments vary in their administrative and political capacities to implement difficult energy subsidy reforms. Fourth, improvements in social protection systems are often critical to the success of reforms because they make it possible to target assistance to those most in need. Finally, the most interesting cases involve governments that take a strategic approach to the challenges of political economy. In these settings, fixing energy subsidies is central to the governments' missions of retaining political power and reorganizing how the government delivers benefits to the population. These cases are examples of "reform engineering" where governments actively seek to create the capacity to implement alternative policies, depoliticize tariffs, and build credibility around alternative policies. The most successful reforms involve active efforts by policy leaders to identify the political forces supporting energy subsidies and redirect or inoculate them.
588			_aDescription based on print version record.
650		4	_aDistributional Impact _926088
650		4	_aElectricity _926089
650		4	_aLPG _926090
650		4	_aReform _926091
650		4	_aSubsidy _926092
700	1		_aInchauste, Gabriela. _926087
700	1		_aVictor, David G. _926093
776	0	8	_aPrint Version: _z9781464810077
830		0	_aWorld Bank e-Library. _926094
856	4	0	_uhttp://elibrary.worldbank.org/doi/book/10.1596/978-1-4648-1007-7
999			_c5132 _d5132