"Privatization, the centerpiece of neoliberal reform policies, reflects the preeminent role of market forces and the diminished role of the state in Latin America's political economy. While it is far too early to evaluate privatization's long-term performance in achieving the objectives of reform, this volume assesses its initial effects and suggests directions for future change.

Eight country cases focus on issues of macroeconomic stability and fiscal balance, quality and quantity of supply, employment, wages and productivity, and the promotion of free trade."--BOOK JACKET.