privatization

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Related to denationalisation: nationalisation

privatization:

see nationalizationnationalization,
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 roads, dams,
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privatization

  1. the sale or transfer of ‘nationalized’, publicly owned industries into private ownership and control. In the UK this process is particularly associated with the economic and social theories of THATCHERISM. The sale of shares in British Telecom, British Petroleum, British Gas, British Airways, and other companies is one aspect of this. In other areas the sale of council houses, and proposed changes in the WELFARE STATE, particularly in the funding of health and education, are comparable. See NEW RIGHT, NEW PUBLIC MANAGEMENT
  2. retreat of the individual from participation in political and PUBLIC activities.
  3. a process in which traditional, working-class communal life styles are said to have been replaced by more family and home-centred ones, away from the older working- class housing and in relatively new housing estates. Sense 3 is particularly associated with the AFFLUENT WORKER study of GOLDTHORPE, LOCKWOOD et al. (1968-9). The focus of interest in this work is the hypothesis that significant changes in attitudes are associated with privatization. In particular, the breakdown of class loyalties, an ‘instrumentalist’ orientation to work, a new concern with living standards and status, a more pragmatic political orientation (rather than an ‘automatic’ support for the Labour Party), greater job mobility, and, generally, more individualistic attitudes. The Affluent Worker study is undoubtedly a ‘classic’ of British sociological research. Drawing on a number of themes which were popular in the 1950s and 60s, it has been a source for theoretical and empirical work in the areas of working-class structure, CLASS CONSCIOUSNESS, and CLASS IMAGERY. Critics have indicated the oversimplification of Lockwood and Goldthorpe's categories, questioning their empirical usefulness in circumstances in which nontraditional class locations are associated with instrumentality and increased political militancy. Critics have also noted the lack of consideration given to factors other than social CLASS in the work: race, gender, religion, age, for example, may all affect attitudes (see Rose, 1988). As part of the reorientation of British sociology in the study of social class and class consciousness, though, this study of changing aspects of social class structure and consciousness remains of central importance.
References in periodicals archive ?
To the extent that the praxis of the Obasanjo regime has gone to great lengths and taken serious political legitimacy risks in order to assign important property rights to elements of global capital (through the relative deregulation and denationalisation of the petroleum sector), its behaviour seems to support this particular sub-claim to a large extent.
Enter the word `privatisation' into Google and the first page alone will give you details of denationalisation programmes in Delhi, Zambia, Nepal, Uganda, Qatar and Bangladesh.
Prior to denationalisation of the cement factories, the State Cement Corporation of Pakistan (SCCP) with nearly 70 per cent production capacity in the public sector was the market leader.
That said, over 50 companies are still slated for denationalisation and a further 19 hotels will be sold.
The ZCCM Chambeshi mine is already up for sale and the intention is to go power in October 1991, over 70,000 jobs ahead with a process of denationalisation.
The minister said that the revenues from denationalisation this year may exceed the proceeds from the privatisation process carried out last year by 30 per cent.
The global village syndrome, where your competitors are in China and India rather than up the road in West Bromwich or Warley, the relentless march of new technology and denationalisation programmmes have shrunk our manufacturing base.
8 billion that has now increased to Rs 220 billion in 2009, in spite of denationalisation of hundreds of units.
This was worsened by the current Government's expansion of regulatory powers, coupled with the forced denationalisation, in all but name, of Railtrack.
As deregulation, denationalisation, and internationalisation continue to dramatically change the utility landscape in Europe, Nuon is pursuing an aggressive growth strategy in an effort to consolidate the utility space in Holland as the industry leader.
The recent reforms in the financial sector of Pakistan include denationalisation of nationalised commercial banks (NCBs) permission to a number of new financial institutions (including commercial banks) to operate in private sector, introduction of the auctioning of Government securities, rationalisation of the rates of return, reduction in the incidence of subsidised and directed credit, virtual abolition of exchange control, extension of State Bank's regulatory and supervisory Jurisdiction to non-bank financial institutions (NBFIs) and in the introduction of new prudential regulations with a view to providing for the continued health and viability of the financial system.
Denationalisation of the semi-state is due to be concluded by the end of 2016.