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By Josef C. Brada, Carol Graham, J. Bernardo Requena Blance, David C. Cole, Yves Guerard, Martha Kelly, Betty Slade, and Lan Xue

Table of Contents

Introduction
Josef C. Brada

I. International Perspectives on the Bolivian Capitalization Model

1. Building Support for Market Reforms in Bolivia: The Capitalization and Popular Participation Programs
Carol Graham

2. Bolivian Capitalization and East European Privatization: Parallels and Differences
Josef C. Brada

3. The Capitalization Program and its Implications for Reform of State-Owned Enterprises in China
Lan Xue

II. Structuring Capitalization: Innovative Design and the Challenge of Long-Term Viability

4. Bolivia’s Pension Reform: Decisions in designing the Structure of the System
Yves Guérard and Martha A. Kelly

5. Financial Regulation in Bolivia: With Particular Reference to the Pension Law
Betty F. Slade

6. Assessing the Feasibility of the New Bolivian Pension Programs
David C. Cole and J. Bernardo Requena Blanco

From the Introduction

On May 19, 1997, a group of scholars met at the Woodrow Wilson International Center for Scholars in Washington, D.C., to discuss the roots and ramifications of Bolivia’s capitalization program. The workshop also aimed at examining the Bolivian experience from a comparative perspective, with the idea of assessing the potential for the application of similar programs in China and/or Eastern Europe. The meeting was coordinated jointly by the Latin American Program of the Wilson Center and the Bolivian Ministry of Capitalization. This Working Paper consists of the six papers presented by workshop participants, each revised afterward in response to specific points raised in the discussion

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