Economic liberalisation initiatives at the behest of international financial institutions and bilateral donors have been accompanied by regulatory reform. This requires adoption of a standard regulatory template through legislative reform by the recipient jurisdiction. This thesis argues that every jurisdiction, given its unique social, political, economic and cultural attributes, possesses a unique character which in turn requires customised regulatory solutions. This thesis argues that a simplistic legal instrumentalist approach to regulatory reform, disregarding the unique regulatory attributes, is unlikely to succeed in achieving its regulatory objectives. In other words, it is bound to have ‘less than intended’ effect. The thesis discusses this phenomenon of global diffusion of regulatory norms in the context of legislative changes incorporating the World Bank’s global regulatory template in the electricity sector in India. Since the sector is administered at the State level, the thesis focuses on the implementation of the legislative arrangements regulating the state and privatising the state-owned entities in the State of Andhra Pradesh. It argues that any regulatory reform initiative aimed at introducing a standard model is bound to encounter societal forces in the nature of co-option, resistance, uneasy co-existence etc. As a consequence, a standard model will not be able to bring about the intended social and economic changes and that the institutional and administrative processes associated with the standard model themselves undergo a transformation. It demonstrates that this was the reason for the reform measures not yielding the desired results in the State level electricity sector in India.
| Identifer | oai:union.ndltd.org:bl.uk/oai:ethos.bl.uk:759674 |
| Date | January 2018 |
| Creators | Chintapanti, Adithya |
| Publisher | University of Warwick |
| Source Sets | Ethos UK |
| Detected Language | English |
| Type | Electronic Thesis or Dissertation |
| Source | http://wrap.warwick.ac.uk/108831/ |
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