Lost in translation: Interpreting the failure of privatisation in the Brazilian electric power industry

Sunil Tankha*

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

14 Citations (Scopus)
5 Downloads (Pure)

Abstract

Did Latin American privatisation policies fail because of flawed implementation of fundamentally sound policies or because privatisation policies were themselves seriously flawed? Using the Brazilian electric power reforms as a narrative tool, this paper examines the causal chain assumed by large-scale privatisation policies that were implemented as part of structural reform and adjustment programmes. The paper concludes that many privatisation policies and the economic stabilisation programmes within which they were embedded were not mutually reinforcing in the way that policymakers had expected, and that in their application much of what privatisation theories had claimed was lost in translation.

Original languageEnglish
Pages (from-to)59-90
Number of pages32
JournalJournal of Latin American Studies
Volume41
Issue number1
DOIs
Publication statusPublished - 27 Feb 2009

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