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

ISBN-13: 9781107637962 / Angielski / Miękka / 2018 / 264 str.

Alison E. Post

Opis

This book argues that for infrastructure privatization programs, differences in firm organizational structure explain the viability of privatization contracts in weak institutional environments.

Recenzje

'Alison E. Post's insightful new book will shake up much received wisdom on the political economy of regulation and on property rights and firm strategies more generally. Strict property rights, backed up by powerful courts, are not the godsend they are presumed to be; they turn out, Post shows, to be brittle and ineffective. Moreover, diversified business groups, long thought to be waning vestiges of traditional capitalism, are in fact more flexible and committed partners in ongoing negotiations over inevitably evolving regulation. The exacting empirical research unveils the full complexities of Argentine politics but at the same time has broad implications for theorizing on firms, property rights, and regulation.' Ben Ross Schneider, Massachusetts Institute of Technology

Spis treści

Introduction; 1. Informal contractual supports in weak institutional environments; 2. An overview of the Argentine privatizations; 3. The fragility of nonlocal contracts prior to the crisis; 4. Smoother sailing for all investors in less competitive provinces; 5. Home court advantages magnify after the crisis; 6. Diverse local holdings also prevail in calm political contexts; 7. Explaining contractual resilience in low- and middle-income countries; 8. Conclusion.