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.
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