Latin American Ports: Results and Determinants of Private Sector Participation

摘要: The Latin American major ports are no longer inefficient state-run public monopolies. Common user tend to be concessioned under a landlord scheme, whereas specialised and terminals more often privately owned or leased. New infrastructure is still being constructed, regional international private port companies participate in the operations. most renowned successes Panama, Argentina, Mexico, Colombia, but not all countries have advanced equally. demand for sector participation depends on desire of promote foreign trade need reduce its fiscal burden. supply by operating appears depend port's hinterland perceived country risk. Perceived corruption, illiteracy, pending broader structural reform seem negative impact both supply. same socio-economic situation that, up now, has acted as an obstacle poorest should considered motivation proceed with necessary reforms future. Privatised operations may help urgently needed general economy, including better education stable institutions – which turn will remaining obstacles privatisation. challenge policy makers initiate this virtuous cycle.