Foreign and Domestic Investment in Argentina: The Politics of Privatized Infrastructure (BOK)

Alison E. Post

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Political economy scholarship suggests that private sector investment, and thus economic growth, is more likely to occur when formal institutions allow states to provide investors with credible commitments to protect property rights. This book argues that this maxim does not hold for infrastructure privatization programs. Rather, differences in firm organizational structure better explain the viability of privatization contracts in weak institutional environments. Domestic investors - or, if contracts are granted subnationally, domestic investors with diverse holdings in their contract jurisdiction - work most effectively in the volatile economic and political environments of the developing world. They are able to negotiate mutually beneficial adaptations to their contracts with host governments because cross-sector diversification provides them with informal contractual supports. The book finds strong empirical support for this argument through an analysis of fourteen water and sanitation privatization contracts in Argentina and a statistical analysis of sector trends in developing countries.

Produktfakta

Språk Engelsk Engelsk Innbinding Innbundet
Utgitt 2014 Forfatter Alison E. Post
Forlag
Cambridge Univ Ed
ISBN 9781107048041
Antall sider 266 Dimensjoner 15,2cm x 22,8cm x 1,9cm
Vekt 560 gram Leverandør Bertram Trading Ltd
Emner og form Development economics & emerging economies, Political structure & processes, Political economy