UK - Strong and weak lock-in of water governance outcomes in England
Lobina, Emanuele ORCID: 0000-0003-4774-0308 (2018) UK - Strong and weak lock-in of water governance outcomes in England. In: Porcher, Simon and Saussier, Stéphane, (eds.) Facing the Challenges of Water Governance (Palgrave Studies in Water Governance: Policy and Practice). Palgrave Studies in Water Governance: Policy and Practice . Palgrave Macmillan, Basingstoke and New York, pp. 155-188. ISBN 978-3319985145 (doi:https://doi.org/10.1007/978-3-319-98515-2_7)
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Abstract
This chapter finds that water and sewerage privatisation in England favoured the extraction of economic value to guarantee short-term financeability and shareholder remuneration, harming long-term financeability and economic, technical, social, environmental, and political sustainability. A strong lock-in of distributive inefficiency comes together with highly regressive outcomes and cost shifting to future generations. Other lessons include: 1) it is important to consider how the pursuit of productive and distributive efficiency affects sustainable water development under different forms of ownership and governance; 2) the assumption that the public sector is an intrinsically inferior organisational mode does not hold; 3) the problems with water privatisation in England cannot be attributed to the exceptionalism of its institutional design.
Item Type: | Book Section |
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Uncontrolled Keywords: | Governance, sustainable water development, privatisation, England, public sector, regulation, water sector reform, market failure, relative efficiency, productivity, productive efficiency, distributive efficiency, path-dependency, urban water services |
Subjects: | T Technology > TD Environmental technology. Sanitary engineering |
Faculty / School / Research Centre / Research Group: | Faculty of Business Faculty of Business > Centre for Work and Employment Research (CREW) Faculty of Business > Department of International Business & Economics Faculty of Business > Centre for Work and Employment Research (CREW) > Public Services International Research Unit (PSIRU) |
Last Modified: | 20 Nov 2021 01:38 |
URI: | http://gala.gre.ac.uk/id/eprint/23267 |
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