An Investigation into the Role of the World Bank in relation to the Privatisation of Public Services with respect to the Washington and Post-Washington Consensus

Seminar paper from the year 2006 in the subject Politics - International Politics - Topic: Globalization, Political Economics, grade: 2,3, University of Kassel, 33 entries in the bibliography, language: English, abstract: It is claimed by the World Bank and other authors that Chile has been a success in privatising their public sector. This research paper shall analyse this claim with respect to Chile's energy sector. Moreover, this paper investigates into the World Bank's privatisation strategies during times of the Washington and Post-Washington Consensus, whereby criticism is expressed. Aspects of competition and regulation theory as well as risk are examined. The paper concludes that the Washington Consensus is merely reached by individual institutions and therefore, not representative for judging privatisation issues in general.