‘Instructor’s Name’
‘Subject’ Implementing Reforms What was President Sanchez de Lozada concerned about in moving ahead with privatization? What does he want to achieve? President Sanchez de Lozada’s primary aim in initiating privatization of the major state owned firms was to infuse the much needed capital for increasing the country’s economic efficiency, and to limit the government’s role to governance. When he took over the office in 1993, many Bolivian companies were cash-strapped and in desperate need for foreign capital and technology. The country’s economy was suffering from a huge fiscal deficit, and he believed that capital Continue reading...
