Political Economy of Energy in the Southern Cone

Extract

Political Economy of Energy in the Southern Cone. By Anil Hira. Westport, CT: Praeger, 2003. 128p. $59.95.

What role does the state play in the age of neoliberal economics? How autonomous is the government from both domestic and international forces in the privatization, regulation, and integration of the electricity sector? Anil Hira addresses these important questions in his detailed analysis of the evolution of energy policy in the Southern Cone. The book is divided into five chapters that include an introduction, a chapter outlining the author's theoretical framework, one analyzing the domestic efforts to liberalize energy markets, one addressing regional integration, and a concluding chapter with suggestions for improving regulations in the energy sector. He concludes that the state continues to play an important role in shaping energy policy throughout the region, and the role of the state, either through state-owned enterprises or through regulation of the energy market, continues to exert an enormous influence over pricing, reliability, and investment. Furthermore, Hira argues that regional integration, which requires interstate cooperation, is essential in order to enhance the ability of Southern Cone economies to compete in the global marketplace.