Bigger Economies, Smaller Governments: Privatization in Latin America
Privatization 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.
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Social Security Reform in Chile Herndn Biichi
Fiscal Aspects of Privatization Dominique Hachette
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addition AFPs Argentina assets average Banco de Mexico benefits Buenos Aires Cananea CANTV capital inflows capital markets Chile Chilean CODELCO Colombia commercial banks competition concessions contributions cost countries debt deficit divestiture domestic economic efficiency employees ENTEL expenditures firms foreign groups growth IANSA important improve income increase industry institutions insured interest rates investment investors Latin America Liiders macroeconomic ment Mesa-Lago Mexican Mexican banks 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 salary Seguridad Social shares social security SOEs stability state-owned structure subsidies sugar mills Table tariff technology transfer Telecom telecommunications TELMEX tion U.S. dollars unions Uruguay workers World Bank
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Privatization and Deregulation in the Gulf Energy Sector
No preview available - 1999