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Privatization in Latin America : Myths and Reality

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Author Info

  • Alberto Chong
  • Florencio López-de-Silanes

Abstract

Privatization is under attack. Beginning in the 1980s, thousands of failing state-owned enterprises worldwide have been turned over to the private sector. But public opinion has turned against privatization. A large political backlash has been brewing for some time, infused by accusations of corruption, abuse of market power, and neglect of the poor. What is the real record of privatization and are the criticisms justified? This report evaluates the empirical evidence on privatization in a region that has witnessed an extensive decline in the state's share of production over the past 20 years. The book is a compilation of recent studies that provide a comprehensive analysis of the record of and accusations against privatization, with important recommendations for the future. Seven countries are investigated: Argentina, Bolivia, Brazil, Chile, Colombia, Mexico, and Peru.

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Bibliographic Info

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This book is provided by The World Bank in its series World Bank Publications with number 7461 and published in 2005.

ISBN: 0-8213-5882-0
Handle: RePEc:wbk:wbpubs:7461

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Postal: 1818 H Street, N.W., Washington, DC 20433
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Web page: https://openknowledge.worldbank.org
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Related research

Keywords: Private Sector Development - Privatization Enterprise Development and Reform Private Sector Development - Legal Regulation and Business Environment Social Protections and Labor - Employment and Unemployment State Owned Enterprise Reform Public Sector Development;

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Cited by:
  1. Professor Bahaudin G. Mujtaba, 2012. "Bribery Challenges And Business Ethics In Afghanistan," Far East Journal of Psychology and Business, Far East Research Centre, vol. 6(4), pages 58-76, February.
  2. David K Levine & Federico Weinschelbaum & Felipe Zurita, 2006. "The Brother in Law Effect," Levine's Working Paper Archive 784828000000000587, David K. Levine.
    • David K. Levine & Federico Weinschelbaum & Felipe Zurita, 2010. "The Brother-In-Law Effect," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 51(2), pages 497-507, 05.
  3. Mukhiddin Jumaev & Prof. Dr. Dileep Kumar. M. & Jalal R. M. Hanaysha, 2012. "Impact Of Relationship Marketing On Customer Loyalty In The Banking Sector," Far East Journal of Psychology and Business, Far East Research Centre, vol. 6(4), pages 36-55, March.
  4. Professor Hafiz Abdur Rashid & Hafsa Noreen & Monazza Karamat, 2012. "Growth And Prospects Of Islamic Banking In Pakistan," Far East Journal of Psychology and Business, Far East Research Centre, vol. 7(4), pages 52-65, May.
  5. Borraz, Fernando & González, Nicolás & Olarreaga, Marcelo, 2011. "Water Nationalization: network access, water quality, and health outcomes," CEPR Discussion Papers 8415, C.E.P.R. Discussion Papers.
  6. Luis A. Andrés & J. Luis Guasch & Thomas Haven & Vivien Foster, 2008. "The Impact of Private Sector Participation in Infrastructure : Lights, Shadows, and the Road Ahead," World Bank Publications, The World Bank, number 6545, October.
  7. Sybil Rhodes, 2012. "Political communication and economic reform: the use of consumerist frames in Brazil, 1985-2005," CEMA Working Papers: Serie Documentos de Trabajo. 482, Universidad del CEMA.
  8. Stan du Plessis, 2011. "Nationalising South African mines: Back to a prosperous future, or down a rabbit hole?," Working Papers 17/2011, Stellenbosch University, Department of Economics.
  9. Fernando Borraz Escames, 2011. "Water nationalization: network access, quality, and health outcomes," Working Papers 201126, Latin American and Caribbean Environmental Economics Program, revised 2011.

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