Publisher's Synopsis
Privatization is crucial to a new Latin American development strategy that is redefining the state's economic role. By replacing direct government participation in production with such activities as export promotion and regulation, privatization has helped several Latin American countries open their economies through market liberalization and eliminate the primary causes of fiscal disequilibrium and inefficiency.;This volume explores various privatization methods and the effect the process can have on society. Focusing on the sale of 20 industrial and service enterprises in Chile, Mexico, Colombia and Argentina, the authors examine preparatory measures, valuation, sale mechanism and price, buyers and financing, competition, regulation and supervision, productive and allocative efficiency, and fiscal and macroeconomic impact.;Drawing conclusions from these studies, the authors make recommendations about privatization policies for the region.
