Bigger Economies, Smaller Governments: The Role Of Privatization In Latin AmericaPrivatization of large national enterprises has been the most far-reaching of Latin America's dramatic structural reforms, the objective being to underpin fiscal stability by shedding huge capital requirements. But long-term gains to the economy also depend on such factors as increased efficiency through better communications and infrastructure, and on a more dynamic private sector.Have these gains been achieved? Much has been written on the theory and objectives of privatization and on techniques for privatization. Until now, however, there has been little empirical examination of the results. In this volume, leading economists of Chile, Mexico, and Argentina assess the impact of privatization on fiscal stability, enterprise and economic efficiency, national savings, the development of capital markets, and advances in technology from both the micro-and macro-economic perspectives. |
Contents
1 | 27 |
2 | 59 |
and Evaluation of Privatization Approaches | 89 |
Copyright | |
10 other sections not shown
Other editions - View all
Common terms and phrases
Aeroméxico AFPs Argentina assets average Banco de México benefits Brazil Cananea CANTV capital inflows capital markets Chile Chilean CODELCO Colombia commercial banks Compañía competition concessions contributions cost countries debt deficit divestiture domestic economic efficiency employees ENTEL fiscal foreign groups growth important improve income increase industry institutions insured interest rates investment investors Latin America Lüders macroeconomic ment Mesa-Lago Mexican Mexican banks Mexico million monopoly nomic operations ownership parastatal participation payment pension funds percent of GDP period Peru pesos political private scheme private sector privatization process privatized companies production profits public enterprises public scheme public sector reduced reform region regulation reprivatization result retirement revenues salary shares social security SOEs stability state-owned structure subsidies sugar mills Table tariff technology transfer Telecom telecommunications Telefónica TELMEX tion U.S. dollars unions Uruguay workers World Bank