By: Werner Baer (Editor), Melissa H. Birch (Editor)

Hardcover

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As import-substitution industrialization yields to increasing market liberalization in Latin America in the 1990s, privatization assigns new roles to both the public and private sectors. After the decade of the debt crisis, a much weakened State will reorient its policy efforts to the difficult issues of limited fiscal and monetary choices, regulation of newly privatized firms, and long-postponed social programs. However, privatization represents a mhallenge for the private sector as much as it is an issue for the public sector. Foreign and domestic capital will be asked to play a critical role in revitalizing battered economies. New players, from penny-capitalists to pension funds, and new institutions, including dramatically altered banking systems and suddenly thriving stock markets, have recently appeared. The changing roles of public and private sectors and the implications of these developments are the focus of this book.

Figures and Tables
Preface
Privatization and the Changing Role of the State in Brazil
Privatization and the Role of the State in Post-ISI Mexico
The Regulation of Newly Privatized Firms
An Illustration from Argentina
Abdala Privatization
The Role of Domestic Business Elites
Foreign Direct Investment in Latin America during the 1990s
The Financial Sector in Latin American Restructuring
Privatization with Share Diffusion
Popular Capitalism in Chile, 1985-1988
Liquid Equity Markets as an Engine for Long-Term Growth in Latin America
Privatization in Spain
Index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780275946647
ISBN-10: 0275946649
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 232
Published: 23rd August 1994
Publisher: ABC-Clio
Dimensions (cm): 22.9 x 15.2  x 1.7
Weight (kg): 0.513