Seventy percent of Latin Americans polled in a 2003 survey said they thought that the privatization of state-owned firms had not been good for their counties. For sector reform, including privatization, to have a future in Latin America, reformers will need to understand the sources of dissatisfaction and how—if at all—they can be dealt with.

Other Independent Review articles by Mary M. Shirley
    Fall 2004   The Institutional Economics of Foreign Aid