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What if TTIP Changed the Regulation of Public Services ?Lessons for Europe from Developing Countries

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  • Antonio Estache
  • Caroline Philippe

Abstract

This paper argues that the TTIP negotiators may be underestimating some of the risks associated with the treatment of public services. De facto opening the door to supranational regulation of key public services may be well intended to protect investors. But when the bargaining power of these investors operating in non-competitive markets (which is the case for most public services) becomes excessive as a result, the experience of developing countries in interactions with many of the same large players points to risks. It is likely that outcomes in terms of the usual policy criteria (efficiency, equity and fiscal viability) will not be as positive as promised in an environment in which regulation ends up weaker (because it is captured or less specialized). Ignoring these lessons and failing to internalize them in the design of negotiation is likely to cost Europe.

Suggested Citation

  • Antonio Estache & Caroline Philippe, 2016. "What if TTIP Changed the Regulation of Public Services ?Lessons for Europe from Developing Countries," Working Papers ECARES ECARES 2016-26, ULB -- Universite Libre de Bruxelles.
  • Handle: RePEc:eca:wpaper:2013/230499
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    References listed on IDEAS

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    4. Guasch, J. Luis & Laffont, Jean-Jacques & Straub, Stéphane, 2008. "Renegotiation of concession contracts in Latin America: Evidence from the water and transport sectors," International Journal of Industrial Organization, Elsevier, vol. 26(2), pages 421-442, March.
    5. Florio, Massimo, 2013. "Network Industries and Social Welfare: The Experiment that Reshuffled European Utilities," OUP Catalogue, Oxford University Press, number 9780199674855.
    6. Luis A. Andrés & Jordan Schwartz & J. Luis Guasch, 2013. "Uncovering the Drivers of Utility Performance : Lessons from Latin America and the Caribbean on the Role of the Private Sector, Regulation, and Governance in the Power, Water, and Telecommunication Se," World Bank Publications, The World Bank, number 15774, August.
    7. Kundu, Goutam Kumar & Mishra, Bidhu Bhusan, 2011. "Impact of reform and privatization on consumers: A case study of power sector reform in Orissa, India," Energy Policy, Elsevier, vol. 39(6), pages 3537-3549, June.
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    Cited by:

    1. Jaime DE MELO & Marcelo OLARREAGA, 2017. "Trade Related Institutions and Development," Working Papers P199, FERDI.

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