The privatization process in Argentina is analysed. Beginning with a very ambitious programme, a weak regulatory environment was created because of lack of experience and as a result of the lobbying power of the newly created enterprises. Numerous exclusive privileges were assigned to these...

The stability of an economic policy regime depends in large measure on either its successful authoritarian imposition or on the general acceptance by society of the distributional status quo of assets and/or income. Although Argentina's Convertibility Plan ("Currency Board" system) brought price...

The debate concerning the role of industrial policy in less developed economies has recently been invigorated by the contributions of Peter Evans, with his concept of embedded autonomy receiving particular attention in the literature. This article critically examines this concept, aiming to...

It has often been suggested that the trade-off between equity and efficiency can be overcome by achieving both goals sequentially. This article shows how the government of President Lula has tried to follow this rule, by first emphasizing economic orthodoxy, to be followed by measures to achieve...