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Privatization in Latin America : myths and reality, Volume 1
Author:Chong, Alberto [editor]; Lopez de Silanes, Florencio [editor]; Anuatti-Neto, Francisco; Barossi-Filho, Milton; Capra, Katherine; Fischer, Ronald; Galiani, Sebastian; Garron, Mauricio; Gertler, Paul; Gledson de Carvalho, Antonio; Gutierrez, Rodrigo; Lopez-de-Silanes, Florencio; Macedo, Robert; Machicado, Carlos; Pombo, Carlos; Ramirez, Manuel; Schargrodsky, Ernesto; Serra, Pablo; Sturzenegger, Federico; Torero, Maximo; Collection Title:Latin American development forum
Country:Brazil; Mexico; Bolivia; Peru; Argentina; Chile; Date Stored:2005/11/22
Document Date:2005/03/15Document Type:Publication
SubTopics:State Owned Enterprise Reform; Employment and Unemployment; Legal Regulation and Business Environment; Enterprise Development & Reform; PrivatizationISBN:ISBN 0-8213-5882-0
Language:EnglishRegion:Latin America & Caribbean
Report Number:34428Volume No:1

Summary: 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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