Infrastructure Reforms Unleash Private Investment, Boost Consumer Savings
The article discusses how restructuring infrastructure and implementing strong regulations can lead to sustainable economic growth. By making infrastructure services more competitive and regulating natural monopolies, it encourages private sector investment, cost-cutting by companies, and better service provision. Lessons from Latin America show that reforming utility industries is crucial for economic development, but wrong decisions can harm growth. To prevent misconduct, governments should introduce competition, limit ownership, and ensure regulators have necessary information.