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

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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.

Reviews

.,."the author develops a provacative political framework for the implementation of privatization policies....the political approach defines the originality of this book....The Logic of Privatization is an excellent book for the mastery of its treatment of the subject. The book provides also an integrative literature review. It is evenly written, with an elegant style, and with helpful notes at the end of each chapter to extend meaningful arguments."-Journal of International Business Studies
...the author develops a provacative political framework for the implementation of privatization policies....the political approach defines the originality of this book....The Logic of Privatization is an excellent book for the mastery of its treatment of the subject. The book provides also an integrative literature review. It is evenly written, with an elegant style, and with helpful notes at the end of each chapter to extend meaningful arguments.-Journal of International Business Studies
The book contains fascinating slices of modern South American history and...on the whole it is an interesting and informative read....The major strengths of the book are its choice of subject matter and its historical descriptions.-Journal of Economic Issues
The Logic of Privatization provides a key insight into a topic that is often ignored in the contemporary literature on economic and political development....While most workers on privatization usually consider the conditions leading to successful privatization programs, unsuccessful cases have often been neglected, as if nothing could be learned from them. Molano addresses this fundamental gap in the current literature and breaks new ground by examining the microeconomic, macroeconomic, and political factors instrumental in shaping positive and negative outsomes to privatization....The Logic of Privatization is an excellent study that is bound to interest those surveying privatization from a broader perspective and seeking general patterns that go beyond the peculiarities of individual cases.-Latin American Research Review
..."the author develops a provacative political framework for the implementation of privatization policies....the political approach defines the originality of this book....The Logic of Privatization is an excellent book for the mastery of its treatment of the subject. The book provides also an integrative literature review. It is evenly written, with an elegant style, and with helpful notes at the end of each chapter to extend meaningful arguments."-Journal of International Business Studies
"The book contains fascinating slices of modern South American history and...on the whole it is an interesting and informative read....The major strengths of the book are its choice of subject matter and its historical descriptions."-Journal of Economic Issues
"The Logic of Privatization provides a key insight into a topic that is often ignored in the contemporary literature on economic and political development....While most workers on privatization usually consider the conditions leading to successful privatization programs, unsuccessful cases have often been neglected, as if nothing could be learned from them. Molano addresses this fundamental gap in the current literature and breaks new ground by examining the microeconomic, macroeconomic, and political factors instrumental in shaping positive and negative outsomes to privatization....The Logic of Privatization is an excellent study that is bound to interest those surveying privatization from a broader perspective and seeking general patterns that go beyond the peculiarities of individual cases."-Latin American Research Review

Author Bio

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.