Financial Definition of Privatization

The act of returning state-owned or state-run companies back to the private sector, usually by selling them.

A process whereby publicly owned enterprises are sold to private investors. (Contrast with nationalization.)

Browse or run a search for Privatization in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.

Privatization in Historical Law

You might be interested in the historical meaning of this term. Browse or search for Privatization in Historical Law in the Encyclopedia of Law.

Search for legal acronyms and/or abbreviations containing Privatization in the Legal Abbreviations and Acronyms Dictionary.

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Vocabularies (Semantic Web Information)

Privatization in the Economic Activity

An introductory concept of Privatization may be: the process whereby functions that were formally run by the government are delegated instead to the private sector

Definition of Privatization

The Canada social science dictionary [1] provides the following meanings of Privatization: (1) The process of moving economic resources from the public sector to the private sector. Publicly owned transportation resources, natural resources, hospitals, etc., may be sold to private individuals or to privately owned corporations. Canada has been unusual in having a large public sector. Classical liberal theory, however, is opposed to government involvement and interference in economic activity and the recent resurgence of interest in classical liberalism (see neo-liberalism) has led to pressure to privatize government owned resources and services. See: CROWN CORPORATION / CLASSICAL ECONOMIC THEORY in this legal dictionary and in the world encyclopedia of law. (2) The term has also been applied to the growth in modern societies of a family life separated from the outer community. In traditional societies there is little separation of private and public spheres, but privatization appears to take place with urbanization and industrialization. See: family, bourgeois

Privatization: Resources

Notes and References

• Drislane, R., & Parkinson, G. (2016). (Concept of) Privatization. Online dictionary of the social sciences. Open University of Canada

Resources

Legal English Vocabulary: Privatization in Spanish

Online translation of the English legal term privatization into Spanish: privatización (English to Spanish translation) . More about legal dictionary from english to spanish online.

Related to the Legal Thesaurus

What is the meaning of Privatization?

A definition of Privatization is provided here: The process of government selling crown corporations.

Privatization in Global Commerce Policy

In this regard, a definition of this issue is as follows: the process by which public assets, previously owned and managed by the state, are restructured as public entities with share capital being offered to the public. Governments sometimes retain a substantial share of the privatized enterprise. The expression is also sometimes used to describe the conversion of a publicly listed company into a private one. See also deregulation.[1]

Privatizationin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Privatization” entry (OAS)

See Also

Resources

See Also

• Enterprise
• Joint Enterprise
• Joint Venture