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Privatization in Latin America - New Roles for the Public and Private Sectors (Hardcover, New)
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Privatization in Latin America - New Roles for the Public and Private Sectors (Hardcover, New)
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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.
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