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Yes to Privatization, but with Open Markets
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In recent days the debate of the sale of the Banco de Costa Rica (BCR) resurfaced.I share some basic principles on privatizations based on what the science of economics and economic history says.In the economy there is no argument that supports the existence of public enterprises.On the contrary, theoretical foundations and empirical evidence discourage it.One of the theoretical foundations is found in the public choice theory that was developed…
·Costa Rica
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