The state-owned enterprise (SOEs) sector in Latin America and the Caribbean (LAC) is struggling financially and suffering from political intervention. More than 40% of such enterprises have reported annual losses for several consecutive years in the past decade. The crisis has had important, and sometimes de-stabilizing impacts in the region. For example, heavy losses at … [Read more...] about Solving the State-Owned Enterprises Puzzle in Latin America and the Caribbean
Aldo Musacchio holds a Ph.D. from Stanford University and is a professor of management and economics at Brandeis University and a Faculty Research Fellow at the National Bureau of Economic Research. Prior to joining Brandeis, Professor Musacchio was an associate professor at Harvard Business School, where he wrote over a dozen case studies on state-owned enterprises and banks in Asia, Latin America, and the Middle East. Together with Professor Sergio G. Lazzarini, he has written a series of academic papers and the book Reinventing State Capitalism: Leviathan in Business, Brazil and Beyond (Harvard University Press, 2014), which examine the performance implications of different governance arrangements in state-owned enterprises and the effects of investments and loans from development banks on the performance of private and state-owned firms. With Emilio I. Pineda, he has edited the book Fixing State-Owned Enterprises: New Policy Solutions to Old Problems, in which they provide a new set of best practices to improve the reporting and performance of SOEs using centralized monitoring agencies and tight administrative controls. Professor Musacchio is a consultant for the Inter-American Development Bank (IDB), the Organisation for Economic Co-operation and Development (OECD), and the World Bank on issues related to state-owned enterprise reform in Latin America.