Privatization in Latin America Myths and Reality

• Main Authors: Chong, Alberto, Lopez de Silanes, Florencio
• Format: eBook Book
• Language: English
• Published: Washington World Bank Publications 2005; The World Bank; Washington, DC: World Bank; Palo Alto, CA: Stanford University Press
• Edition: 1
• Series: Latin American Development Forum
• Subjects: CAPITAL EXPENDITURES; COMPETITIVE MARKETS; corporate governance; corruption; DEBT; DIVIDENDS; ECONOMIC GROWTH; Economic systems; EMPIRICAL STUDIES; EMPLOYMENT; EXPENDITURES; Financial liberalization; FIRMS; globalization; INCOME; Industrial policy; INFLATION; INSURANCE; INVESTMENT SPENDING; LADF; Latin America; Latin American Development Forum; OIL; OPERATING EFFICIENCY; PAYOUT RATIO; political economy; Private Sector; PRIVATIZATION; PRIVATIZATION & LABOR LAW; PRIVATIZATION OF PUBLIC ENTERPRISES; PRIVATIZATION POLICY; PRODUCTIVITY; PROFITABILITY; PUBLIC ENTERPRISES; Public sector; Regulation; SHAREHOLDERS; STATE ENTERPRISES; WELFARE GAINS; South America; Central America; Colombia; Argentina; Brazil; Mexico; Bolivia; Chile; The Caribbean; Peru; ENTERPRISES; SUBSIDIARY; REGULATION; BANK; PROFITABILITY; POLITICAL ECONOMY; OPERATING EFFICIENCY; GLOBALIZATION; FIRMS; CORPORATE GOVERNANCE; CORRUPTION; PERFORMANCE ANALYSIS; INSTITUTIONS; FINANCE; DEVELOPMENT; PRIVATIZATION; PRINCIPAL; LATIN AMERICA; GOVERNMENTS

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 corrupt...