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Item Details
Title: PRIVATIZATION IN LATIN AMERICA
MYTHS AND REALITY
By: Alberto Chong (Editor), Florencio Lopez De Silanes (Editor)
Format: Hardback

List price: £34.95


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ISBN 10: 0821358820
ISBN 13: 9780821358825
Publisher: WORLD BANK PUBLICATIONS
Pub. date: 1 March, 2005
Pages: 592
Description: 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.
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.
Illustrations: Illustrations
Publication: US
Imprint: World Bank Publications
Returns: Non-returnable
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