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Privatization
(redirected from Privatisation)

   Also found in: Dictionary/thesaurus, Encyclopedia, Wikipedia 0.01 sec.
Privatization
The transfer of government-owned or government-run companies to the private sector, usually by selling them.

privatization
The conversion of a public enterprise to a private enterprise. For example, a government-owned railroad or airline may undergo privatization if ownership shares of the enterprise are sold to individual and institutional investors.

Privatization. Privatization is the conversion of a government-run enterprise to one that is privately owned and operated. The conversion is made by selling shares to individual or institutional investors.

The theory behind privatization is that privately run enterprises, such as utility companies, airlines, and telecommunications systems, are more efficient and provide better service than government-run companies.

But in many cases, privatization is a way for the government to raise cash and to reduce its role as service provider.



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Islamabad, September 29, 2009 (Frontier Star): In order to benefit from the efficiencies of experienced management and to have better impact on the country's economy the government has changed the concept of privatisation to Public Private Partnership.
Finance Minister Alexei Kudrin told the Vedomosti financial daily that with the income from privatisation Russia could reduce its use of reserve funds and cut the volume of planned bond issues needed to make up the budget shortfall.
INTRODUCTION Privatisation (1) has been adopted across the world as a part of structural adjustment programme as well as a measure towards greater involvement of the private sector in the growth process.
 
 
 
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