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What is The Failures of Privatization in the Philippines about?

The document discusses the privatization efforts in the Philippines in the 1990s under the Ramos administration. The goal was to transform the state from providing welfare to citizens to a "watchman state" focused on property rights and market operations. State-owned enterprises were privatized and basic services like power and water were given to the private sector. However, privatization has failed to deliver on promises of efficiency and affordability. Power shortages have questioned efficiency claims, a

Author

Aristina Cantona

Language

EN