This paper reviews the recent empirical evidence on privatization in developing countries,
with particular emphasis on new areas of research such as the distributional impacts of …

Little over a decade ago, infrastructure concessions promised to solve Latin America's
endemic infrastructure deficit. Awarded in competitive auctions, these concessions were …

Since 1981, over 100 governments around the world have raised over $1 trillion through the
sale of SOEs to private investors. Privatization programs have transformed the role of the …

Most technical assessments classify privatization as a success. But privatization, especially
in transitional and developing economies, is seen as fundamentally unfair both in …

" Driven by ideology, economic reasoning, and early success stories, vast amounts of
financial resources and effort have been spent on reforming infrastructure industries in …

Mounting empirical evidence of privatization's benefits coincides with increasing
dissatisfaction and opposition among citizens and policymakers. This dissatisfaction reflects …

The supposed failure of privatization in Latin America has recently become the source of
street riots, protest demonstrations, and adverse news coverage. Riots in Arequipa, Peru …

This paper documents the changes in the income distribution in Argentina from the mid-
1970s to the mid-2000s. Over the period inequality increased substantially. Two types of …

Recent years have seen countries introducing reform of their utility industries with a view to
promoting private ownership and competition. This paper studies the effect of the …

Infrastructure plays a key role in fostering growth and productivity and has been linked to
improved earnings, health, and education levels for the poor. Yet Latin America and the …