The Limits of stabilization : infrastructure, public deficits, and growth in Latin America /

A co-publication of Stanford social sciences, an imprint of Stanford university press and the World Bank.

Includes bibliographical references and index.

Latin America's macroeconomic crises of the 1980s and '90s forced a severe fiscal adjustment across the region. More often than not, fiscal stability was achieved at the cost of a drastic compression of public infrastructure spending, accompanied by the hope that the private sector would take the leading role in infrastructure provision. This book documents the major trends in infrastructure provision in Latin America over the past two decades n order to assess the consequences of this changed public-private partnership from the perspective of economic growth, public finances, and the quantity and quality of infrastructure services. It will be of particular interest to those in the fields of infrastructure, fiscal policy, and economic growth, and anyone concerned with Latin America's development. For orders originating outside of North America, please visit the World Bank website for a list of distributors and geographic discounts at http: //publications.worldbank.org/howtoorder or e-mail pubdistributors@worldbank.org.
Review: "The lessons from this research are likely to be valuable not only for developing countries but also for the European countries that are part of the Euro zone." Sergio Rebelo, Kellogg School of Management, Northwestern University"

aia 06/09/16

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