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Reforming Infrastructure: Privatization, Regulation and Competition-ISBN: 0821350706

Infrastructure is crucial for generating growth, alleviating poverty, and increasing international competitiveness. For much of the 20 century and in most countries, the network utilities that delivered infrastructure services—such as electricity, natural gas, telecommunications, railroads, and water supply—were vertically and horizontally integrated state monopolies.This approach often resulted in extremely weak services, especially in developing and transition economies, and particularly for poor people. Common problems included low productivity,high costs,poor quality, insufficient revenue, and shortfalls in investment.