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

by William Glade

Overview

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

Product Details

ISBN-13:	9780429720659
Publisher:	Taylor & Francis
Publication date:	08/15/2019
Sold by:	Barnes & Noble
Format:	eBook
Pages:	416
File size:	5 MB

About the Author

William Glade is a professor of economics at the University of Texas in Austin, having recently returned to that position after a five-year leave of absence. During that time, he served first as senior research associate and then acting director of the Latin American Program in the Woodrow Wilson International Center for Scholars in the Smithsonian Institution, and for three subsequent years he held a presidential appointment as associate director for Educational and Cultural Affairs in the U.S. Information Agency. He was director of the Institute of Latin American Studies at the University of Texas from 1971 to 1986, and before coming to Austin was professor of business and economics at the University of Wisconsin, where he taught for ten years. He has written extensively on business-govemment relations in Latin America and on economic development in that region.

Rossana Corona is the international markets advisor in the Financial Analysis and Investor Relations Directorate of Bancomer, the largest retail bank in Mexico. In 1993, before joining this organization, she was the Mellon Foundation fellow at the Institute of the Americas, where she participated in the Institute's research activities on privatization. From 1989 to 1992, she carried out different research activities in the Center for Economic Analysis and Research of the Instituto Tecnola³gico Auta³nomo de Mexico (ITAM). Among other projects, she made an especially important contribution to Privatization Processes in Latin America under the first round of the Centers for Research in Applied Economics Project, sponsored by the Inter-American Development Bank.

Table of Contents

Preface -- Introduction -- Introduction -- Capital Markets and Privatization -- Capital Flows to Latin America 1982-1992: Trends and Prospects -- Social Security Reform in Chile -- Pension Reform in Latin America: Importance and Evaluation of Privatization Approaches -- Privatization and the State -- Fiscal Aspects of Privatization -- Fiscal Impact of Privatization in Mexico -- Privatization and the Business Sector -- Privatization: The Argentine Experience -- Did Privatization Raise Enterprise Efficiency in Chile? -- Impact of Privatization in Mexico on Economic Efficiency and Market Structure: Analysis of Five Companies -- The Impact of the Mexican Bank Reprivatizations -- The Impact of Privatization on Technology Transfer in Latin America -- Social Impacts -- The Labor Sector: A Post-Privatization Assessment -- Impact of Privatization on Welfare: The Chilean Case 1985-1989

Editorial Reviews

Economists of Chile, Mexico, and Argentina assess the impact of the privatization of large national enterprises on fiscal stability, enterprise and economic efficiency, national savings, the development of capital markets, and advances in technology, approaching the subject from both the micro- and macro-economic perspectives. Topics include social security reform in Chile, the impact of the Mexican bank reprivatizations, and the labor sector after privatization. Annotation c. Book News, Inc., Portland, OR (booknews.com)

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