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The Political Economy and Governance of Institutions

17:30 - 19:00 27 February 2014

Location: Torrington (1-19) 115 Galton LT

The Political Economy and Governance of Institutions

The main purpose of this lecture is to review and illustrate the importance of our understanding of the specific sources of institutional weaknesses in the design of government intervention. Too often, developing countries are advised to import and adapt solutions designed for developed countries. Local constraints however imply the need to reconsider these choices in much more drastic ways than policy advisors (including those working in international organizations) are willing to consider. This is how corruption is allowed to continue to distort decisions.

About the speaker

Antonio has Ph.D. in Economics (focusing on Regulation/IO/Public Economics) from Université Libre de Bruxelles, where he teaches as Professor of Economics (2008-now). From 1982 to 2007, he worked at the World Bank where he finished his career as Chief Economist for the Sustainable Development Vice-Presidency. Antonio’s  fields of expertise include public finance; design of public procurement processes in infrastructure; public-private partnerships designs; reforms, pricing and regulation of infrastructure services; public and private sector performance monitoring and benchmarking; decentralization, provincial and municipal management and reform; environmental management; and macroeconomic and fiscal performance evaluation.

Antonio Estache is delivering a series of three lectures during the second term of the 2013-14 academic year. These lectures will discuss the evolution of the scope and limits of the role of government in the delivery of public services in developing countries. The first lecture reviews the ways in which the case for government and its roles are discussed in the academic literature and policy circles. The second summarizes the debates on the importance of politics and institutions and their interactions with corruption. The last lecture revisits the debate on the relative role of the public and private sector in the financing of infrastructure - one of the key policy areas in developing countries.