From Privatization to Re-nationalization: What went Wrong with Privatizations in Argentina?

From riches to rags or what went wrong in Greece

The economic and social progress Greece achieved in the early post war decades decelerated after 1974 because all institutions sustaining the efficient operation of democracy and free markets were deliberately and gravely eroded. Under the impetus of hard core socialists provisions introduced in the 1975 constitution, economic policies extended further in the direction of unfettered statism, th...

What Went Wrong: Explaining Counterexamples

One of the chief advantages of model checking is the production of counterexamples demonstrating that a system does not satisfy a specification. However, it may require a great deal of human effort to extract the essence of an error from even a detailed source-level trace of a failing run. We use an automated method for finding multiple versions of an error (and similar executions that do not p...

Financial Liberalization: What Went Right,What Went Wrong?

that took place in the developing countries in the 1980s and 1990s was part of the general move toward giving markets a greater role in development. It was also a reaction to several factors specific to finance: the costs, corruption, and inefficiencies associated with using finance as an instrument of populist, state-led development; a desire for more financial resources; citizens’ demands for...

Privatization and Nationalization Cycles

This paper studies the cycles of nationalization and privatization in resource-rich economies as a prime instance of unstable institutional reform. We discuss available evidence on the drivers and consequences of privatization and nationalization, reviewing the existing literature and presenting illustrative case studies. This leads to the main contribution of the paper: a static and dynamic mo...

What Went Wrong in the Twentieth Century