Some lessons of the Argentine privatization process

Some lessons of the Argentine privatization process

Includes bibliography

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Bibliographic Details
Main Authors: Azpiazu, Daniel, Vispo, Adolfo
Format: Texto biblioteca
Language:English
Published: 1994-12
Subjects:ESTADOS FINANCIEROS, PRIVATIZACION, FINANCIAL STATEMENTS, PRIVATIZATION,
Online Access:https://hdl.handle.net/11362/10508
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spelling dig-cepal-11362-105082023-01-23T13:30:34Z Some lessons of the Argentine privatization process Azpiazu, Daniel Vispo, Adolfo ESTADOS FINANCIEROS PRIVATIZACION FINANCIAL STATEMENTS PRIVATIZATION Includes bibliography The reduction of the role of the State in the Latin American economies has become one of the central topics in the debate on the process of the economic and social restructuring of the region. Because of the magnitude and rapidity of its achievements, the programme carried out in Argentina in the early 1990s is seen as a paradigm which gives rise to reflection and offers a broad range of lessons for those countries seeking to maximize the social benefits that could be obtained from the privatization of public enterprises. From this point of view, the present article highlights some of the main macroeconomic repercussions of the privatization process (in the fiscal sphere, the external sector, the structure of relative prices, and investment);, together with its effects on market formation and the strategies of the main business conglomerates of the country, the forms of public regulation of the privatized areas, and the limitations and shortcomings observed. It is concluded that the short-term emphasis of the process probably militated against the achievement of many of the proposed objectives and departed from the criteria that could be deduced from the incipient international experience in this field. The failure of the authorities to pay much attention to certain fundamental issues (the transparency of the process, the need to take measures to put the enterprises to be privatized on a sound footing before offering them for sale, the maximization of transfer prices, the exercise of regulatory powers, the competitiveness of markets and of the economy as a whole, the consolidation of reserves in oligopolistic markets, etc.); resulted in the process making only a marginal -if not a frankly negative- contribution to social equity in Argentina. 2014-01-02T18:41:16Z 2014-01-02T18:41:16Z 1994-12 Texto Sección o Parte de un Documento https://hdl.handle.net/11362/10508 LC/G.1845-P en CEPAL Review CEPAL Review 54 application/pdf ARGENTINA ARGENTINA
institution CEPAL
collection DSpace
country Chile
countrycode CL
component Bibliográfico
access En linea
databasecode dig-cepal
tag biblioteca
region America del Sur
libraryname Biblioteca Hernán Santa Cruz
language English
topic ESTADOS FINANCIEROS
PRIVATIZACION
FINANCIAL STATEMENTS
PRIVATIZATION
ESTADOS FINANCIEROS
PRIVATIZACION
FINANCIAL STATEMENTS
PRIVATIZATION
spellingShingle ESTADOS FINANCIEROS
PRIVATIZACION
FINANCIAL STATEMENTS
PRIVATIZATION
ESTADOS FINANCIEROS
PRIVATIZACION
FINANCIAL STATEMENTS
PRIVATIZATION
Azpiazu, Daniel
Vispo, Adolfo
Some lessons of the Argentine privatization process
description Includes bibliography
format Texto
topic_facet ESTADOS FINANCIEROS
PRIVATIZACION
FINANCIAL STATEMENTS
PRIVATIZATION
author Azpiazu, Daniel
Vispo, Adolfo
author_facet Azpiazu, Daniel
Vispo, Adolfo
author_sort Azpiazu, Daniel
title Some lessons of the Argentine privatization process
title_short Some lessons of the Argentine privatization process
title_full Some lessons of the Argentine privatization process
title_fullStr Some lessons of the Argentine privatization process
title_full_unstemmed Some lessons of the Argentine privatization process
title_sort some lessons of the argentine privatization process
publishDate 1994-12
url https://hdl.handle.net/11362/10508
work_keys_str_mv AT azpiazudaniel somelessonsoftheargentineprivatizationprocess
AT vispoadolfo somelessonsoftheargentineprivatizationprocess
_version_ 1756194856116420608

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