Privatization in Latin America: Myths and Reality (Latin American Development Forum) - Softcover

Alberto Chong Florencio Lopez-de-Silanes

Softcover

ISBN 10: 0821358820 ISBN 13: 9780821358825

Publisher: World Bank Publications, 2005

Synopsis

Privatization is under attack. Criticisms run from corrupt deals to abuse of market power and social welfare losses. This title evaluates the empirical evidence on privatization and assess the validity of the raised criticisms relying on recent comprehensive studies from Latin America. Overall, the empirical record shows that privatization leads to increased profitability and productivity, firm restructuring, fiscal benefits, output growth and even quality improvements. Most cases of privatization failure can be linked to poor contract design, opaque processes with heavy state involvement, lack of re-regulation, and a poor corporate governance framework.

About this title

Review

"Unusually coherent for an edited volume, the book is impressive in its wealth of data and its careful, thorough empirical analyses, which control for several confounding factors."--Latin American Research Review

"Nineteen Latin American Economists present a powerful, well-documented case that the privatization of state-owned enterprises has been a regional success story, popular perceptions notwithstanding. . . . This accessible, state-of-the-art collection will be valuable reading to students of privatization worldwide."--Foreign Affairs

-Unusually coherent for an edited volume, the book is impressive in its wealth of data and its careful, thorough empirical analyses, which control for several confounding factors.---Latin American Research Review

-Nineteen Latin American Economists present a powerful, well-documented case that the privatization of state-owned enterprises has been a regional success story, popular perceptions notwithstanding. . . . This accessible, state-of-the-art collection will be valuable reading to students of privatization worldwide.---Foreign Affairs

From the Back Cover

"Nineteen Latin American Economists present a powerful, well-documented case that the privatization of state-owned enterprises has been a regional success story, popular perceptions notwithstanding. . . . This accessible, state-of-the-art collection will be valuable reading to students of privatization worldwide."--Foreign Affairs

Edition details

• Publisher: World Bank Publications
• Publication date: 2005
• Language: English
• ISBN 10: 0821358820
• ISBN 13: 9780821358825
• Binding: Paperback