000			01224nam a2200205Ia 4500
999			_c81518 _d81518
005			20220715152845.0
008			200204s9999 xx 000 0 und d
020			_a9780821358825
082			_a338.9805 PRI
100			_a"Chong, Alberto (ed.)"
245		0	_aPrivatization in Latin America: myths and reality / edited by Alerto Chong and Florencio Lopez-de-Silanes
260			_aWashington
260			_bWorld Bank
260			_c2005
300			_a506p.
365			_dUSD
520			_aPrivatization is under attack. Criticisms run from corrupt deals to abuse of market power and social welfare losses. This title evaluates the empirical evidence on privatization and assess the validity of the raised criticisms relying on recent comprehensive studies from Latin America. Overall, the empirical record shows that privatization leads to increased profitability and productivity, firm restructuring, fiscal benefits, output growth and even quality improvements. Most cases of privatization failure can be linked to poor contract design, opaque processes with heavy state involvement, lack of re-regulation, and a poor corporate governance framework.
650			_aLatin America development forum
942			_cB _2ddc