Question

What is the meaning of privatization and neoliberalism in Latin America

Answer 1

Privatization in latin America

• Privatization is under attack.
• Abuse of market power and social welfare losses.
• Privatization relies on comprehensive studies from latin America.
• There are four results
• Increased profitability of privatized firms
• In the quest to identify sources of income and profitability after privatization.
• The manner in which privatization is carried out matters.
• Transparency and homogenity in procedures, speed and limited restructuring.
• Leads to better outcomes less room for corruption and discretion.
• Privatizations success is enhanced by two complementary policies.
• Re-regulation and de-regulations of industries
• Privatization leads to Increased profitability and productivity.
• Firm restructuring, fiscal benefits.
• Output growth and quality improvements.

Neo liberalism

• Is a term used to describe ideals that go against Washington consensus.and neoliberalism
• The movement is strong in latin America.
• Where the left wing pink Trade had an influence on policies.
• Advocates for the nationalization of numerous Industries.
• For the redistribution of wealth.
• The election of Hugo Chavez as president of Venezuela in 1999marked a beginning of the pink Trade had post neo liberalism movement.
• Numerous other leaders associated with neo liberal movement were elected in latin America.