Privatization in Latin America: Myths and Reality

Florencio Lopez-de-Silanes () and Alberto Chong

No 7461 in World Bank Publications - Books from The World Bank Group

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.

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 (search for similar items in EconPapers)
Date: 2005
ISBN: 0-8213-5882-0
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Citations: View citations in EconPapers (35)

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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbpubs:7461

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