A new appraisal of the relationship between the Presidency and Congress in Argentina over the first two decades of its democratic regime. Mariana Llanos uses the processes of privatization and state reform in Argentina to re-assess the performance, functions and stature of these institutions as the country embarked on the programme of change. A valuable contribution to the debate on the development of political institutions in Latin America.

This book carries out a systematic analysis of the effects of economic globalization on democratization. The author studies the labour institutions of Turkey and Argentina from three criteria of internal functioning, external participation, and structural organization.

Political economy scholarship suggests that private sector investment, and thus economic growth, is more likely to occur when formal institutions allow states to provide investors with credible commitments to protect property rights. This book argues that this maxim does not hold for infrastructure privatization programs. Rather, differences in firm organizational structure better explain the viability of privatization contracts in weak institutional environments. Domestic investors - or, if contracts are granted subnationally, domestic investors with diverse holdings in their contract jurisdiction - work most effectively in the volatile economic and political environments of the developing world. They are able to negotiate mutually beneficial adaptations to their contracts with host governments because cross-sector diversification provides them with informal contractual supports. The book finds strong empirical support for this argument through an analysis of fourteen water and sanitation privatization contracts in Argentina and a statistical analysis of sector trends in developing countries.