BIGGER ECONOMIES, SMALLER GOVERNMENTS : the role of privatization in latin america;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. Provides Empirical Analysis Of Impact Of Privatization On Fiscal Sector, Capital Flows, Technology, Business Efficiency, Banking, And National Savings. Includes Articles On Argentina, Chile, And Mexico. A Timely And Important Work--handbook Of Latin American Studies, V. 57. Privatization: Pictures Of A Process / William Glade -- 1. Capital Flows To Latin America 1982-1992: Trends And Prospects / Frederick Z. Jaspersen -- 2. Social Security Reform In Chile / Hernan Buchi Buc -- 3. Pension Reform In Latin America: Importance And Evaluation Of Privatization Approaches / Carmelo Mesa-lago -- 4. Fiscal Aspects Of Privatization / Dominique Hachette -- 5. Fiscal Impact Of Privatization In Mexico / Manuel Sanchez Gonzalez -- 6. Privatization: The Argentine Experience / Pablo Gerchunoff And Guillermo Canovas -- 7. Did Privatization Raise Enterprise Efficiency In Chile? / Rolf J. Luders -- 8. Impact Of Privatization In Mexico On Economic Efficiency And Market Structure: Analysis Of Five Companies / Rossana Corona -- 9. The Impact Of The Mexican Bank Reprivatizations / Catherine Mansell-carstens -- 10. The Impact Of Privatization On Technology Transfer In Latin America / Edgar C. Harrell. Edited By William Glade With Rossana Corona. Published In Cooperation With The Institute Of The Americas--p. [ii]. Includes Bibliographical References. 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 techonology from both the micro- and macro-economic perspectives.