Globalization and restructuring the energy sector in Latin America

This article analyses the main manifestations of the globalization process and its implications in terms of the restructuring of energy markets. The reforms now being undertaken by the countries of the region are being pursued within the context of an economic paradigm with ramifications at the international level which assigns high priority to the liberalization and/or privatization of public utilities, and this, in turn, can be expected to engender new savings/investment strategies based on the relatively more stable nature of income flows from energy activities.