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Privatization in Latin America represents the first systemic economic analysis of the efficiency and distributive effect of privatization in Latin America. Examining the privatization experience of six Latin American countries—Brazil, Argentina, Chile, Bolivia, Peru, and Colombia—Privatization in Latin America evaluates the empirical evidence on privatization and assesses the validity of the criticisms raised. It shows that privatization can lead to increased profitability and productivity, firm restructuring, fiscal benefits, output growth, and even quality improvements. Privatization in Latin America is destined to become a must-have reference for researchers interested in privatization or the economic aspects of social policy reforms.
"Nineteen Latin American Economists present a powerful, well-documented case that the privatization of state-owned enterprises has been a regional success story, popular perceptions notwithstanding. . . . This accessible, state-of-the-art collection will be valuable reading to students of privatization worldwide."—Foreign Affairs