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Friday, June 21

The Economist The politics of privatisation: "To the average Peruvian, privatisation means not just corruption but higher utility tariffs and job losses. That is partly because governments have failed to communicate its benefits. Take electricity, which began to be privatised in 1993. Tariffs initially rose as subsidies were removed, but have since fallen. And the privatised companies say that because of increased investment, jobs in the industry have increased. Similarly, the number of telephone lines has tripled since privatisation in 1994; then, it took 33 months to get a phone, while now it takes days."

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