After the Washington Consensus: Restarting Growth and Reform by Pedro-Pablo Kuczynski, John Williamson PDF

By Pedro-Pablo Kuczynski, John Williamson

ISBN-10: 0881323470

ISBN-13: 9780881323474

ISBN-10: 143569225X

ISBN-13: 9781435692251

This quantity is a successor of types to an previous research, towards Renewed fiscal progress in Latin the United States (Institute for overseas Economics; 1986), which blazed the path for the market-oriented monetary reforms that have been followed in Latin the US within the next years. It back provides the paintings of a bunch of top economists (*) who have been requested to contemplate the character of the commercial coverage time table that the zone may be pursuing after the higher a part of a decade that was once punctuated by means of crises, accomplished disappointingly gradual development, and observed no development within the region's hugely skewed source of revenue distribution. It diagnoses the first-generation (liberalizing and stabilizing) reforms which are nonetheless missing, the complementary second-generation (institutional) reforms which are essential to give you the institutional infrastructure of a industry financial system with an egalitarian bias, and the hot tasks which are had to crisis-proof the economies of the quarter to finish its perpetual sequence of crises. (*) Pedro Pablo Kuczynski (Minister of Finance of Peru), Nancy Birdsall (President, heart for international Development), Miguel Szekely (Mexico), Ricardo Lopez Murphy (Argentina), Jaime Saavedra (Peru), Claudio de Moura Castro (Brazil), Liliana Rojas-Suarez (Peru), Andres Velasco (Harvard), and Roberto Bouzas (Argentina).

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Taking again the example of Peru, almost half of the 800 judges there are on temporary contract, with no clear career prospects; this failing is fertile ground for corruption (Instituto Apoyo 2000). One area that holds promise for unclogging judicial systems and bringing them closer to the people is that of the justice of the peace (juez de paz), who sits at the local level. He or she can resolve the type of local disputes that tend to occur in rural areas—such as disagreements over water rights, cattle rustling, rights-of-way, and property boundaries—without clogging up the judicial system, which is usually represented by a court in a distant city.

This percentage has today been reduced in most cases to 1 to 3 percent, with corresponding benefits in coverage and cost to the customer. Much has been made by some politicians of supposedly high electricity tariffs. First, in reality, because of the mandatory productivity improvements included in tariff formulas in most countries, tariffs have gone down in dollar terms. 1). Second, a 1. Ramamurti (1996); see chapters 6, 7, 8, and 9. Also see Grosse (1996) on Aerolíneas Argentinas (in the Ramamurti volume).

1). It is true that to prepare electric utilities for privatization, electricity tariffs had to be sharply raised; the state-owned companies were not viable without these increases. But simply raising tariffs without changing ownership and management would not have been enough; many old habits died hard, particularly that of stealing electricity, not only a very dangerous activity but also one that raised costs for those who did pay. , stealing) of about 12 to 15 percent. This percentage has today been reduced in most cases to 1 to 3 percent, with corresponding benefits in coverage and cost to the customer.

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After the Washington Consensus: Restarting Growth and Reform in Latin America by Pedro-Pablo Kuczynski, John Williamson


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