Lost in Translation: Interpreting the Brazilian Electric Power Privatisation Failure
AbstractDid Latin American privatisation polices fail because of flawed implementation of fundamentally sound policies or because privatisation policies were themselves seriously flawed?Using the Brazilian electric power reforms as a narrative tool, this paper examines the causal chain assumed by large-scale privatisation policies implemented as part of structural reformand adjustment programmes. The paper concludes that many privatisation policies and the economic stabilisation programmes within which they were embedded were not mutually reinforcingas policymakers had expected and that in their application, much of what privatisation theories claimed was lost in translation.
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Bibliographic InfoPaper provided by International Institute of Social Studies of Erasmus University (ISS), The Hague in its series ISS Working Papers - General Series with number 1765018736.
Date of creation: 01 Feb 2008
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Brazil; privatisation; infrastructure; electric power;
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