Neoliberal Structural Change and the Electricity Sector

Neoliberal Structural Change and the Electricity Sector This book presents an unparalleled account of the drivers and outcomes of electricity sector liberalisation and argues that this industrial restructuring has created pervasive threats to long term economic growth financial market stability environmental degradation and society's well beingThe hegemony of neoliberalism has led to the radical restructuring of industry sectors of which electricity is a very prominent example Australia has been at the forefront of this restructuring with a liberalised electricity sector than the UK the European Union or the US Electricity sector restructuring is generally treated as synonymous with regulatory change and the creation of electricity trading markets Using the Australian electricity sector as a case study this book strongly demonstrates that the transformation of all electricity sectors has been driven by a much wider range of forcesThis book however goes beyond the drivers of electricity sector liberalisation which provide the context for the book's three fundamental objectives First the book aims to present a cogent analysis of the immediate and short term outcomes of this global restructuring Secondly it reveals the widespread and insidious longer term conseuences of this industry restructuring and proposes policy solutions to prevent them becoming hallmarks of 21st century capitalism Finally the book seeks to demonstrate the strengths of a rgulationist analysis to explain structural change; it sets it against mainstream neoclassical economics which is limited to the economic and uantitative By examining the real complex and often contradictory nature of change this book provides both a contribution to the evolution of rgulation theory and important new insights into neoliberal electricity sector restructuring

  • ebook
  • 256 pages
  • Neoliberal Structural Change and the Electricity Sector
  • Lynne Chester
  • 22 May 2014
  • 9781317703822

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