The Logic of Privatization: The Case of Telecommunications in the Southern Cone of Latin America

by Walter Molano

Overview

Many countries have attempted to employ privatization programs to restructure their economies; however, some of the programs are rejected by the polity in the early stages of consideration. Research on privatization has mainly focused on programs that have been accepted, but it often ignores issues associated with rejection. Dr. Molano breaks new ground by examining the microeconomic, macroeconomic, and political factors that shape all outcomes of privatization. A case study method is employed to review attempts to privatize state-owned telephone companies in countries in the southern cone of Latin America. The study is further generalized to cover 23 attempts to privatize telephone companies from 1985 to 1995.

Product Details

ISBN-13:	9780313300554
Publisher:	Bloomsbury Academic
Publication date:	01/14/1997
Series:	Contributions in Economics and Economic History , #182
Edition description:	New Edition
Pages:	152
Product dimensions:	6.14(w) x 9.21(h) x 0.38(d)

About the Author

WALTER T. MOLANO is Director of Economic and Financial Research at Swiss Bank Corporation./e He received his Ph.D in Economic Development and Finance and has done extensive research in the area of privatization, focusing mainly on South America.

Table of Contents

Tables
Introduction
Brazil
Chile
Uruguay
Argentina
Generalizing the Argument
Selected Bibliography
Index

Editorial Reviews

A study of different outcomes of privatization in the region, proving that the implementation of privatization policies hinges on the ability of political leaders to control the extensive bargaining process during the divestiture of state-owned companies. After an introduction to the literature and theoretical framework of the study, four chapters explore the microeconomic, macroeconomic, and political factors that affected divestiture of state-owned telecommunications companies in four countries. A final chapter provides statistical analyses of data from 22 countries. Annotation c. by Book News, Inc., Portland, Or.

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