Publication: Big Challenges, Small States : Regulatory Options to Overcome Infrastructure Constraints
Small island economies face special challenges in providing affordable infrastructure services. Effective regulation can help, by encouraging providers to seek innovative solutions better suited for small and remote islands. But conventional regulation may be out of reach for small islands, requiring more money, competence, and independence than they have. Low-discretion rules and light or regional regulatory bodies may be good alternatives.
“Ehrhardt, David; Oliver, Chloë. 2007. Big Challenges, Small States : Regulatory Options to Overcome Infrastructure Constraints. Gridlines; No. 24. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/156a4e8e-1a09-556b-bea3-0465a48fc873 License: CC BY 3.0 IGO.”