Scrambling for Survival / Vittorio Corbo  

Public ISBD Titre : Scrambling for Survival : How Firms Adjusted to the Recent Reforms in Argentina, Chile, and Uruguay Type de document : document électronique Auteurs : Vittorio Corbo, Auteur ; Jaime de Melo, Auteur Editeur : Washington [USA] : The World Bank Année de publication : 1985 Importance : 226 p Langues : Anglais (eng) Catégories : Amérique latine Commerce Tags : Production industrielle  Marchés financiers  Commerce mondial  Matières premières  Amérique du sud Index. décimale : 09.03 Amériques Résumé : The authors who prepared this report carried out interviews with managers in manufacturing and agricultural exporting firms that elicited reactions about the favorable and unfavorable shocks caused by the reforms, the credibility and consistency of the reform packages, and the major adjustments in the firms' operations. The findings show that firms benefit from the removal of price controls, restrictive labor laws, and laws restricting the purchase of foreign know-how. But they were hurt by the pronounced real exchange rate appreciation and high real interest rates for peso borrowing toward the end of the reforms. In Argentina and Uruguay policy reversals often delayed adjustments in the operation of firms. Nonetheless, almost all managers reported that the reforms forced them to increase their operating efficiency because of greater import competition. In Chile, where liberalization was more widespread and where there was less doubt about reversibility, adjustments were the greatest. Productivity increases there were mostly achieved by reducing product variety and dismissing labor. En ligne : http://siteresources.worldbank.org/INTPROSPECTS/Resources/334934-1322593305595/8 [...] Scrambling for Survival : How Firms Adjusted to the Recent Reforms in Argentina, Chile, and Uruguay [document électronique] / Vittorio Corbo, Auteur ; Jaime de Melo, Auteur . - Washington (1818 H Street, NW, USA) : The World Bank, 1985 . - 226 p. Langues : Anglais (eng) Catégories : Amérique latine Commerce Tags : Production industrielle  Marchés financiers  Commerce mondial  Matières premières  Amérique du sud Index. décimale : 09.03 Amériques Résumé : The authors who prepared this report carried out interviews with managers in manufacturing and agricultural exporting firms that elicited reactions about the favorable and unfavorable shocks caused by the reforms, the credibility and consistency of the reform packages, and the major adjustments in the firms' operations. The findings show that firms benefit from the removal of price controls, restrictive labor laws, and laws restricting the purchase of foreign know-how. But they were hurt by the pronounced real exchange rate appreciation and high real interest rates for peso borrowing toward the end of the reforms. In Argentina and Uruguay policy reversals often delayed adjustments in the operation of firms. Nonetheless, almost all managers reported that the reforms forced them to increase their operating efficiency because of greater import competition. In Chile, where liberalization was more widespread and where there was less doubt about reversibility, adjustments were the greatest. Productivity increases there were mostly achieved by reducing product variety and dismissing labor. En ligne : http://siteresources.worldbank.org/INTPROSPECTS/Resources/334934-1322593305595/8 [...]

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