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

by Walter Molano (Author)

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.

Author Biography

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.