El presente modelo proporciona una explicacion al fenomeno de que la apertura comercial esta asociada a menores diferencias de ingresos en paises del Sudeste Asiatico y a mayor desigualdad en America Latina. Se muestra que las exportaciones de los paises latinoamericanos consisten en materias...

This paper reviews the Latin American experience with highway privatization during the last decade. Based on evidence from Argentina, Colombia and Chile, we find that private financing of new highways freed up fewer public resources than expected because public funds were often diverted to bail...