Privatization of energy in Argentina and Brazil: a roadmap for developing countries.

The problems encountered by Latin American efforts to privatize the energy industry, as exemplified by the situations in Argentina and Brazil, offer valuable lessons regarding privatization of state-controlled enterprises. The privatization of such businesses requires solid public support for market reforms, an ability to overcome legal stumbling blocks, and the creation of a strong independent regulatory framework. The frameworks, labor situations, and specific privatization programs in Brazil and Argentina are compared and contrasted.