Each year developing countries seek billions of dollars of investment in their infrastructure, and private investors, mostly in rich countries, seek places to invest trillions of dollars of new savings. Private foreign investment in the infrastructure of developing countries would seem to hold...

Like the model adopted by many Asian countries, the Colombian approach to private participation in infrastructure aims to attract project financing for new facilities, leaving most existing assets in state hands. While the approach has been successful on attracting substantial private capital to...

If privatizing network industries is to bring lasting public benefits, governments should also attempt to introduce competition. The scope for such competition is growing with increasing deregulation and technological innovation. As technology continues to improve, the use of "smart...