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100 1 _aANDERSON, Joan B
_9366
245 1 0 _aPrivatization, efficiency and market failure :
_btransforming Ecuador's public sector
260 _aNew York :
_bMarcel Dekker,
_c2000
520 3 _aMuch of the privatization that is occurring in Latin America is leading to improved efficiency. However, Privatization in areas where market do not yeld efficient solutions, for example of public good, like light houses, natural monopolies, mainly utilities, and good with externalities, like education, can lead to lower output and higher costs in the long run. This paper first presents an outline of the shift in development theory with respect to the role of the public sector. In then examines the growth of Ecuador's public sector and its current debate on how privatization should proceed. It concludes that while careful privatization can be positive, privatizing natural monopolies like the electric utility and/or quasi-public goods, like highways are likely to be detrimental to long run economic development. In order for Ecuador's economy to continue to develop, the public sector still needs to play a significant role in developing human capital and physical infrastructure
590 _aVolume 23
590 _aNumbers 5-8
773 0 8 _tInternational Journal of Public Administration - IJPA
_g23, 5-8, p. 579-601
_dNew York : Marcel Dekker, 2000
_xISSN 01900692
_w
942 _cS
998 _a20030314
_bLucima
_cLucimara
998 _a20100531
_b1724^b
_cCarolina
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c11312
_d11312
041 _aeng