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Nationalization
(redirected from Reverse privatization)

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia 0.01 sec.
Nationalization
A government takeover of a private company.

Nationalization
The taking of a private business or industry by a government. Compensation to shareholders, bondholders, and/or other stakeholders may be made in a nationalization, but the word connotes forcible seizure. Developing countries and socialist governments nationalize companies and assets more often than developed countries, but even the United States took majority ownership of several major private companies in 2008 and 2009. Nationalization is very controversial. See also: Too-big-to-fail.

nationalization
A government takeover of private property or operations. The government may or may not compensate the property owners. Multinational companies with operations in developing countries have frequently seen their assets nationalized.


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Readers who oppose the marketization of social security would certainly wish to look for ways to reverse privatization.
 
 
 
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