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Due to economic crises, labor parties followed economic policies that hurt labor unions during the 1990s, such as trade liberalization and privatization. This book explains why labor unions resisted on some occasions and submitted on others and what the consequences of their actions were by studying three countries: Argentina, Mexico, and Venezuela. The comparison between the experiences of the three countries and five different sectors in each country shows the importance of politics in explaining labor reactions and their effects on economic policies.

This book studies policymaking in the Latin American electricity and telecommunication sectors. Murillo s analysis of the Latin American electricity and telecommunications sectors shows that different degrees of electoral competition and the partisan composition of the government were crucial in resolving policymakers tension between the interests of voters and the economic incentives generated by international financial markets and private corporations in the context of capital scarcity. Electoral competition by credible challengers dissuaded politicians from adopting policies deemed...