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Privatization in Latin America : Myths and Reality

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 brew...

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Main Authors: López-de-Silanes, Florencio, Chong, Alberto
Format: Online
Language:English
en_US
Published: Palo Alto, CA: Stanford University Press 2012
Subjects:
Online Access:http://documents.worldbank.org/curated/en/2005/03/6430894/privatization-latin-america-myths-reality
https://hdl.handle.net/10986/7461
https://doi.org/10.1596/978-0-8213-5882-5
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author López-de-Silanes, Florencio
Chong, Alberto
author2 Chong, Alberto
author_facet Chong, Alberto
López-de-Silanes, Florencio
Chong, Alberto
author_sort López-de-Silanes, Florencio
collection Colección Libros - Series (activas)
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? 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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spelling wb-10986-74612025-04-16T04:30:29Z Privatization in Latin America : Myths and Reality López-de-Silanes, Florencio Chong, Alberto Chong, Alberto López-de-Silanes, Florencio PRIVATIZATION POLICY PRIVATIZATION OF PUBLIC ENTERPRISES PRIVATIZATION & LABOR LAW CAPITAL EXPENDITURES COMPETITIVE MARKETS DEBT DIVIDENDS ECONOMIC GROWTH EMPIRICAL STUDIES EMPLOYMENT EXPENDITURES FIRMS INCOME INFLATION INSURANCE INVESTMENT SPENDING OIL OPERATING EFFICIENCY PAYOUT RATIO PRIVATIZATION PRODUCTIVITY PROFITABILITY PUBLIC ENTERPRISES SHAREHOLDERS STATE ENTERPRISES WELFARE GAINS 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. 2012-06-07T20:18:58Z 2012-06-07T20:18:58Z 2005 http://documents.worldbank.org/curated/en/2005/03/6430894/privatization-latin-america-myths-reality 0-8213-5882-0 https://hdl.handle.net/10986/7461 https://doi.org/10.1596/978-0-8213-5882-5 English en_US Latin American Development Forum CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank application/pdf text/plain Palo Alto, CA: Stanford University Press Washington, DC: World Bank
spellingShingle PRIVATIZATION POLICY
PRIVATIZATION OF PUBLIC ENTERPRISES
PRIVATIZATION & LABOR LAW
CAPITAL EXPENDITURES
COMPETITIVE MARKETS
DEBT
DIVIDENDS
ECONOMIC GROWTH
EMPIRICAL STUDIES
EMPLOYMENT
EXPENDITURES
FIRMS
INCOME
INFLATION
INSURANCE
INVESTMENT SPENDING
OIL
OPERATING EFFICIENCY
PAYOUT RATIO
PRIVATIZATION
PRODUCTIVITY
PROFITABILITY
PUBLIC ENTERPRISES
SHAREHOLDERS
STATE ENTERPRISES
WELFARE GAINS
López-de-Silanes, Florencio
Chong, Alberto
Privatization in Latin America : Myths and Reality
title Privatization in Latin America : Myths and Reality
title_full Privatization in Latin America : Myths and Reality
title_fullStr Privatization in Latin America : Myths and Reality
title_full_unstemmed Privatization in Latin America : Myths and Reality
title_short Privatization in Latin America : Myths and Reality
title_sort privatization in latin america myths and reality
topic PRIVATIZATION POLICY
PRIVATIZATION OF PUBLIC ENTERPRISES
PRIVATIZATION & LABOR LAW
CAPITAL EXPENDITURES
COMPETITIVE MARKETS
DEBT
DIVIDENDS
ECONOMIC GROWTH
EMPIRICAL STUDIES
EMPLOYMENT
EXPENDITURES
FIRMS
INCOME
INFLATION
INSURANCE
INVESTMENT SPENDING
OIL
OPERATING EFFICIENCY
PAYOUT RATIO
PRIVATIZATION
PRODUCTIVITY
PROFITABILITY
PUBLIC ENTERPRISES
SHAREHOLDERS
STATE ENTERPRISES
WELFARE GAINS
url http://documents.worldbank.org/curated/en/2005/03/6430894/privatization-latin-america-myths-reality
https://hdl.handle.net/10986/7461
https://doi.org/10.1596/978-0-8213-5882-5
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