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privatization
(redirected from Privitization)

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.
privatization: see nationalization nationalization, acquisition and operation by a country of business enterprises formerly owned and operated by private individuals or corporations. State or local authorities have traditionally taken private property for such public purposes as the construction of
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privatization

Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned enterprises may be lifted. Services formerly provided by government may be contracted out. The objective is often to increase government efficiency; implementation may affect government revenue either positively or negatively. Privatization is the opposite of nationalization, a policy resorted to by governments that want to keep the revenues from major industries, especially those that might otherwise be controlled by foreign interests.



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The Reformation eventually gave way to the privitization of piety and the process of secularization, which Von Greyerz interprets as an individualization in opposition to the established church(es).
The contributors here cover not only the financial markets but also those for banking, insurance and foreign exchange and regulatory issues, with such topics as the structure and regulations of the Chinese stock market and its performance, bond and futures markets, the small and medium enterprise stock market, the banking system, investment banking, qualification programs, securities investment, overseas listings of Chinese companies, privitization, and current laws and regulations.
The positivism of the neoliberal approach to teacher education lends itself to privitization.
 
 
 
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