Law, Development and Regulatory Globalisation: The Case of the World Bank in India’s Electricity Sector

.Law, Development and Regulatory GlobalisationThe Case of the World Bank in India’s Electricity SectorExploring the phenomenon of diffusion of legal norms accompanying economic globalisation in developing countries, this book examines the blanket imposition of standard regulatory templates, maintaining that every jurisdiction requires customised legal solutions. Adopted by over 80 developing jurisdictions, the World Bank’s 1993 regulatory template for electricity sector reform has been one of the most widely diffused regulatory models. This book uses the example of its implementation in India to address the more general process of regulatory globalisation for developing countries. Amongst other objectives, the World Bank’s template endeavoured to insulate economic decision making from politics through legal reform. Through this template, the World Bank endeavoured to transform the role of the Indian state in the electricity sector from an interventionist or welfare state to a neo-liberal regulatory state by imposing constitution-like obligations. The book demonstrates that the unique social, economic and political characteristics of a jurisdiction cannot be ignored when incorporating a regulatory template in a jurisdictional context; for, by influencing the way an external regulatory model is internalized, it is these characteristics that determine its outcome. Providing a detailed empirical analysis of this key aspect of development policy, this book will be of interest to scholars and students in the fields of law and development, politics and public administration; as well as development practitioners and policy makers involved in reforming sector regulatory frameworks in their countries.Additional ISBNs9781032612218, 9780429342097, 9781003808503Law, Development and Regulatory Globalisation: The Case of the World Bank in India’s Electricity Sector 1st Edition is written by Adithya Chintapanti and published by Routledge. ISBNs for Law, Development and Regulatory Globalisation are 9781003808541, 1003808549 and the print ISBNs are 9780367356392, 0367356392. Additional ISBNs include 9781032612218, 9780429342097, 9781003808503.