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Privatization in Latin America Myths and Reality


Privatization in Latin America Myths and Reality 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.

Book Information

ISBN: 9780821358825
Publication date: 30th April 2005
Publisher: World Bank Publications
Format: Hardback
Categories: Privatization,

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