Public-Private Partnerships in Latin America: Governmental Salvation or Deception?

With public capital insufficient to satisfy developmental investment needs across virtually all of Latin America, governments have come to realise that the private sector can greatly contribute to the implementation of their development policies. Recent history has shown a number of ways in which the public sector can benefit from opening up its traditional activities to the private sector, and most governments (with the notable exception of Venezuela, Bolivia and, more recently, Ecuador) are inviting private foreign investment. But are they also a way to move large public works projects off the government's balance sheet and reduce the rolls of government workers?

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