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Privatization (rendered privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated.
ENTel (national telecommunications company, 1990) – partitioned and sold to France Télécom and to Spanish Telefónica. Fábrica Militar de Aviones (FMA, 1995) – sold to Lockheed Martin . Ferrocarriles Argentinos (1991–95) – railway lines all over the country (partially re-nationalized).
Privatization is the process of transferring ownership of a business, enterprise, agency, charity or public service from the public sector (the state or government) or common use to the private sector (businesses that operate for a private profit) or to private non-profit organizations.
Privatisation of loss-making SOEs has long been on the IMF's list of recommendations for Pakistan, which is struggling with a high fiscal shortfall and a huge external financing gap.
More recently, the international trend has been towards privatisation. In some areas, notably Great Britain, resultant problems with track maintenance have led back to a more mixed solution, with a nationalised infrastructure operator but privately run train operating companies.
Social Security has always been a hot-button political topic. Designed as a social insurance plan for America's seniors, changing demographics are threatening to reduce promised benefits in as ...
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Corporatization was seen as a half-way house on the road to privatization. [1] These state-owned enterprises are organized in the same manner as private corporations, with the difference that the company's shares remain in the ownership of the state and are not traded on the stock market . [ 5 ]