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- W2191800897 abstract "Although privatization has exerted a stronghold over economic policy, several countries have cycled back and forth between privatization and nationalization. In several Latin American countries, governments have conducted a round of privatization followed by expropriation and nationalization. By contrast, in the United Kingdom, privatization-nationalization cycles are less common, and private property rights are more likely to remain entrenched. This Paper analyzes privatization and nationalization — and by extension, private property rights — from a comparative constitutional perspective. Through analyzing rounds of privatizations in three countries — Argentina, Mexico, and the U.K. — this Paper argues that two constitutional mechanism impact the privatization-nationalization cycle: executive power and legislative entrenchment. Large grants of executive power and a lack of legislative entrenchment can allow governments to swiftly alter private property rights, shifting economic regimes from privatization to nationalization. Thus, this Paper suggests that privatizing nations curb executive power and entrench legislation to advance private property rights. By establishing constitutional safeguards on executive and legislative power, privatizing governments are more likely to promote private property rights, entrench privatization, and foster economic development in their countries." @default.
- W2191800897 created "2016-06-24" @default.
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- W2191800897 date "2015-04-22" @default.
- W2191800897 modified "2023-09-22" @default.
- W2191800897 title "Cycling to Economic Freedom?: An Analysis of Privatization, Nationalization, and Expropriation in Argentina, Mexico, and the United Kingdom" @default.
- W2191800897 hasPublicationYear "2015" @default.
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