ABSTRACT
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
Preface -- Introduction -- Introduction -- Capital Markets and Privatization -- Capital Flows to Latin America 1982-1992: Trends and Prospects -- Social Security Reform in Chile -- Pension Reform in Latin America: Importance and Evaluation of Privatization Approaches -- Privatization and the State -- Fiscal Aspects of Privatization -- Fiscal Impact of Privatization in Mexico -- Privatization and the Business Sector -- Privatization: The Argentine Experience -- Did Privatization Raise Enterprise Efficiency in Chile? -- Impact of Privatization in Mexico on Economic Efficiency and Market Structure: Analysis of Five Companies -- The Impact of the Mexican Bank Reprivatizations -- The Impact of Privatization on Technology Transfer in Latin America -- Social Impacts -- The Labor Sector: A Post-Privatization Assessment -- Impact of Privatization on Welfare: The Chilean Case 1985-1989
