Bigger Economies, Smaller Governments: The Role Of Privatization In Latin America

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9780813324326: Bigger Economies, Smaller Governments: The Role Of Privatization In Latin America

Privatization of large national enterprises has been the most far-reaching of Latin America's dramatic structural reforms, the objective being to underpin fiscal stability by shedding huge capital requirements. But long-term gains to the economy also depend on such factors as increased efficiency through better communications and infrastructure, and on a more dynamic private sector.Have these gains been achieved? Much has been written on the theory and objectives of privatization and on techniques for privatization. Until now, however, there has been little empirical examination of the results. In this volume, leading economists of Chile, Mexico, and Argentina assess the impact of privatization on fiscal stability, enterprise and economic efficiency, national savings, the development of capital markets, and advances in technology from both the micro-and macro-economic perspectives.

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About the Author:

William Glade is professor of economics at the University of Texas at Austin and a senior scholar at the Woodrow Wilson International Center for Scholars. His publications include Privatization of Public Enterprises in Latin America (1991) and Inquiry at the Grassroots (edited with Charles Reilly, 1993) as well as numerous articles in professional journals.

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