Privatization in Latin America

Alberto Chong And Florencio López-De-Silanes

Description

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?
'Privatization in Latin America' 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.
This book will be vital to anyone interested in the privatization debate but especially to those involved in civil service reform, corporate governance, economic policy, finance, and anticorruption efforts.
'Privatization is important but controversial. While economists typically favor it, others are skeptical. This book provides strong scientific evidence that privatization has been beneficial for many Latin American countries, although some privatizations failed and some groups in society lost out. As usual, the devil is in the details: how privatization is carried out and what reforms accompany it are crucial to its success. The book is definitely an invaluable contribution to the privatization debate.'
--Oliver Hart, Andrew E. Furer Professor of Economics, Harvard University

Sujets

• Privatization
• Corruption
• Corporate governance
• Fishery Resources Monitoring System
• Latin America
• Political economy
• Institutions
• Development
• Régulation
• Globalization
• Private sector development

Informations

• Publié par: world-bank-publications
• Publié le: 15 mars 2005
• Nombre de lectures: 37
• EAN13: 9780821383506
• Langue: English
• Poids de l'ouvrage: 2 Mo

Extrait

Privatization
in Latin America
MYTHS AND REALITY
Edited by
Alberto Chong
Florencio López-de-Silanes
INTER-AMERICAN
DEVELOPMENT BANK STANFORD UNIVERSITY PRESSPrivatization
in Latin AmericaPrivatization
in Latin America
MYTHS AND REALITY
Edited by
Alberto Chong
Florencio López-de-Silanes
A COPUBLICATION OF STANFORD ECONOMICS AND FINANCE,
AN IMPRINT OF STANFORD UNIVERSITY PRESS, AND THE WORLD BANK© 2005 The International Bank for Reconstruction and Development / The World Bank
1818 H Street, NW
Washington, DC 20433
Telephone: [phone]
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All rights reserved.
1 2 3 4 08 07 06 05
A copublication of Stanford Economics and Finance, an imprint of Stanford University
Press, and the World Bank.
Stanford University Press The World Bank
1450 Page Mill Road 1818 H Street, NW
Palo Alto, CA 94304 Washington, DC 20433
The findings, interpretations, and conclusions expressed herein are those of the
author(s) and do not necessarily reflect the views of the Board of Executive Directors of
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ISBN 0-8213-5882-0 (World Rights except North America)
ISBN (soft cover) 0-8047-5242-7 (North America)
ISBN (hard cover) 0-8047-5241-9
Library of Congress Cataloging-in-Publication Data
Privatization in Latin America : myths and reality / Alberto Chong, Florencio López-
de-Silanes [editors].
p. cm.—(Latin American development forum)
Includes bibliographical references and index.
ISBN 0-8213-5882-0
1. Privatization—Latin America. I. Chong, Alberto. II. López-de-Silanes,
Florencio. III. Latin American development forum.
HD4010.5.P754 2005
338.98’05—dc22
2004062831Latin American
Development Forum Series
This series was created in 2003 to promote debate, disseminate informa-
tion and analysis, and convey the excitement and complexity of the most
topical issues in economic and social development in Latin America and
the Caribbean. It is sponsored by the Inter-American Development Bank,
the United Nations Economic Commission for Latin America and the
Caribbean, and the World Bank. The manuscripts chosen for publication
represent the highest quality in each institution’s research and activity out-
put and have been selected for their relevance to the academic community,
policymakers, researchers, and interested readers.
Advisory Committee Members
Inés Bustillo, Director, Washington Office, Economic Commission for
Latin America and the Caribbean, United Nations
Guillermo Calvo, Chief Economist, Inter-American Development Bank
José Luis Guasch, Regional Adviser, Latin America and the Caribbean
Region, World Bank
Stephen Haber, A. A. and Jeanne Welch Milligan Professor, Department
of Political Science, Stanford University; Peter and Helen Bing Senior
Fellow, the Hoover Institution
Eduardo Lora, Principal Adviser, Research Department, Inter-American
Development Bank
José Luis Machinea, Executive Secretary, Economic Commission for Latin
America and the Caribbean, United Nations
Guillermo E. Perry, Chief Economist, Latin America and the Caribbean
Region, World Bank
Luis Servén, Lead Economist, Latin America and the Caribbean Region,
World BankAbout the Contributors
Francisco Anuatti-Neto is a professor in the Department of Economics at
the Universidade de São Paulo and FIPE (Fundação Instituto de Pesquisas
Econômicas), Brazil.
Milton Barossi-Filho is a professor in the Department of Economics at the
Universidade de São Paulo and FIPE (Fundação Instituto de Pesquisas
Econômicas), Brazil.
Katherina Capra is a researcher at the Unidad de Análisis de Políticas
Sociales y Económicas (UDAPE), La Paz, Bolivia.
Alberto Chong is a senior research economist in the Research Department
at the Inter-American Development Bank, Washington, D.C.
Ronald Fischer is a professor in the Department of Economics at the
Universidad de Chile, Santiago.
Sebastián Galiani is a professor in the Department of Economics at the
Universidad de San Andrés, Buenos Aires, Argentina.
Mauricio Garrón is a coordinator at the Organización Latinoamericana
de Energía, Quito, Ecuador.
Paul Gertler is a professor at the Haas School of Management, University
of California at Berkeley.
Antonio Gledson de Carvalho is a professor in the Department of Eco-
nomics at the Universidade de São Paulo and FIPE (Fundação Instituto de
Pesquisas Econômicas), Brazil.
Rodrigo Gutiérrez is a professor in the Department of Economics at the
Universidad de Chile, Santiago.
Florencio López-de-Silanes is a professor in the School of Management at
Yale University and an associate with the National Bureau of Economic
Research, Cambridge, Mass.
viiviii ABOUT THE CONTRIBUTORS
Roberto Macedo is a professor in the Department of Economics at the
Universidade de São Paulo and FIPE (Fundação Instituto de Pesquisas
Econômicas), Brazil.
Carlos Machicado is a researcher and PhD student in the Latin American
Program of the Universidad de Chile (Santiago)/Instituto Tecnológico
Autónomo de México (Distrito Federal)/Universidad Torcuato di Tella
(Buenos Aires, Argentina).
Carlos Pombo is a professor in the Department of Economics, Universidad
del Rosario, Bogotá, Colombia.
Manuel Ramírez is a professor in the Department of Economics at the
Universidad del Rosario, Bogotá, Colombia.
Ernesto Schargrodsky is a professor in the Business School at the Univer-
sidad Torcuato Di Tella, Buenos Aires, Argentina.
Pablo Serra is a professor in the Department of Economics at the Univer-
sidad de Chile, Santiago.
Federico Sturzenegger is dean of the Business School at the Universidad
Torcuato Di Tella, Buenos Aires, Argentina.
Máximo Torero is a senior researcher at Grupo de Análisis para el Desar-
rollo (GRADE), Lima, Peru, and International Food Policy Research In-
stitute, Washington, D.C.