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This book provides a detailed microeconomic analysis of the impact of various privatizations in different countries in the region. Its central message is that in many cases, contrary to popular belief, society as a whole and in particular the poor have benefited from privatization. The book presents a careful analysis of the various mechanisms through which privatization has an impact on welfare, an analysis that by and large has been missing from the debate. Case studies of water sector privatization in Argentina and Colombia, and also the telecom industry in Peru are included.
Transparent, rule-based decisionmaking is important to maintaining public trust in regulated infrastructure. The Buenos Aires water and sanitation concession led to remarkable improvements in delivery and coverage of services and to lower prices for consumers. But a poor information base, lack of transparency in regulatory decisions, and the ad hoc nature of executive branch interventions make it difficult to reassure consumers that their welfare is being protected and that the concession is sustainable.
That Lima's water system was in near-crisis was not enough to bring about radical change. Partial reforms to reduce many of the city's worst problems were carried out under public management. But a quarter of Lima's citizens still had no access to water or sewerage connections, extended service interruptions were common and more than a third of the scarce water supply was wasted. Why did the push for privatized water and sanitation fall?
Cross-country and time-series evidence from some OECD and developing countries shows that pension funds and life and nonlife insurance companies contribute to stock market development.
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Argentina, Brazil, Chile, and Colombia have reformed the ways health insurance and health care are organized and delivered, have extended formal coverage to previously marginalized groups, and have tried to finance this extension fairly. Each has reformed health insurance differently.
This conference proceedings shows how women-owned SMEs can seize the opportunities offered by globalisation, ICTs, changes in firm organisation, the increasing importance of the service sector, and other current developments.
Ethnic diversity has a more adverse effect on economic policy and growth when a government's institutions are poor. But poor institutions have an even more adverse effect on growth and policy when ethnic diversity is high.
Bringing together scholarly but readable essays on the process of gentrification, this two-volume collection addresses the broad question: In what ways does gentrification affect cities, neighborhoods, and the everyday experiences of ordinary people? In this second volume of Gentrification around the World, contributors contemplate different ways of thinking about gentrification and displacement in the abstract and “on-the-ground.” Chapters examine, among other topics, social class, development, im/migration, housing, race relations, political economy, power dynamics, inequality, displacement, social segregation, homogenization, urban policy, planning, and design. The qualitative methodologies used in each chapter—which emphasize ethnographic, participatory, and visual approaches that interrogate the representation of gentrification in the arts, film, and other mass media—are themselves a unique and pioneering way of studying gentrification and its consequences worldwide.