Downsizing the State. Privatization and the Limits of Neo-liberal Reform in Mexico. DAG MACLEOD, University Park, PA: The Pennsylvania State University Press, 2004.

Diego Sánchez-Ancochea


Privatization, together with the liberalization of the financial account, are the most disputed components of the neo-liberal policy package implemented in Latin America during the 1980s and 1990s. The belief that public firms are always more inefficient than private ones has proven unwarranted, and the process has often led to job losses, corruption and limited efficiency gains.


Neo-liberalism, Latin America, Reform, Mexico,

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