Cover of Privatization in Latin America by Alberto Chong and Florencio Lopez de Silanes
Privatization in Latin America
Myths and Reality
Alberto Chong and Florencio Lopez de Silanes

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2005
380 pages.
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Cloth ISBN: 9780804752411
Paper ISBN: 9780804752428

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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.

About the author

Alberto Chong is a researcher at the Inter-American Development Bank (IADB). Florencio Lopez de Silanes is a Professor at the Yale School of Management and is a researcher with the National Bureau of Economic Research (NBER).

"Unusually coherent for an edited volume, the book is impressive in its wealth of data and its careful, thorough empirical analyses, which control for several confounding factors."

Latin American Research Review

"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