Privatizing public enterprises in developing countries: The case of Taiwan's government-owned banks - Page 108 |
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9 5
time, Brazil's program is markedly unambitious compared
with those underway in other Latin American countries.
Privatization in Brazil has proceeded along only a
narrow track: the government has restricted sale to
companies that were once in private-sector hands;
traditional state companies have not been targeted for
privatization.
The Brazilian government's concern for
denationalization was devoid of the ideological fervor
for the task that was so evident in Chile in the 1970s,
but the need to restructure the Brazilian economy made
this concern both authentic and durable, albeit easier
said than done.
Privatization programs face tough sledding in
Brazilian politics. Of great importance is how
widespread the political support for privatization is.
At the local, state, and federal levels of government
many officials have continued to view public
enterprises as a source of patronage. Politics in the
1990s may bring renewed pressures for privatization in
Brazil (Suleiman and Waterbury, 1990: 319-345; Vernon,
1988: 122-148; McChesney, 1988: 494-506).
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| Title | Privatizing public enterprises in developing countries: The case of Taiwan's government-owned banks - Page 108 |
| Repository email | cisadmin@lib.usc.edu |
| Full text | 9 5 time, Brazil's program is markedly unambitious compared with those underway in other Latin American countries. Privatization in Brazil has proceeded along only a narrow track: the government has restricted sale to companies that were once in private-sector hands; traditional state companies have not been targeted for privatization. The Brazilian government's concern for denationalization was devoid of the ideological fervor for the task that was so evident in Chile in the 1970s, but the need to restructure the Brazilian economy made this concern both authentic and durable, albeit easier said than done. Privatization programs face tough sledding in Brazilian politics. Of great importance is how widespread the political support for privatization is. At the local, state, and federal levels of government many officials have continued to view public enterprises as a source of patronage. Politics in the 1990s may bring renewed pressures for privatization in Brazil (Suleiman and Waterbury, 1990: 319-345; Vernon, 1988: 122-148; McChesney, 1988: 494-506). |
