Privatization in Latin America

This paper summarizes briefly the main lessons from studies of the Latin American privatization experience. Since the specifics of privatization are much less homogenous than often believed outside of the region, the various country experiences provide many insights on what has been learned over the last 15 years or so as to what works and what does not work with this policy instrument. In particular, this experience shows that it is important to distinguish between the privatization of public services and other industries and services.