Ideas, Economic Pressures, and Pension Privatization From: Latin American Politics and Society | Date: July 1, 2005| Author: º l L; Madrid, Raà | Copyright Latin American Politics and Society Summer 2005. Provided by ProQuest LLC.Copyright information

ABSTRACT

This article maintains that the recent wave of pension privatization has been spurred largely by rising pension expenditures and chronic capital shortages. Many policymakers in Latin America and around the world believed that privatizing their public pension systems would boost their domestic savings rate and resolve the systems' financial problems, thereby reducing their dependence on unstable foreign capital and freeing resources for other, more productive uses. There is no ...

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