privatization


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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 a process in which traditional, working-class communal life styles are said to have been replaced by more family and home-centred ones, away from the older working- class housing and in relatively new housing estates.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 ?
However the Privatization of PIA is quite distinguishable because of the fact that neither the control on the employees nor more than 49percent of the shares is going to be privatized.
When deliberating about distribution of powers between Chairman Privatization Commission and the board, Senator Farhatullah Babar observed vagueness in Privatization Ordinance 2001, as it was silent regarding who the members of the commission are and how it was constituted.
He said privatization of any entity was conducted through a transparent process and all the stakeholders, including the entity, administrative line organizations, regulatory bodies were taken on board and the cabinet committee on privatization supervised all the proceedings and accord the necessary approval.
He ruled out the criticism of the opposition that PML-N has double standards for privatization and only some of the state owned organizations are being privatized.
The latest Bureau of the Treasury data showed that during the first quarter, privatization proceeds reached P40 million, of which the PMO remitted the larger chunk of P37 million, while the rest was contributed by the Presidential Commission on Good Government or PCGG.
In his words, this is why the privatization program for 2015 only includes the BSE-Sofia.
context, given the fact that--for privatization advocates and critics
This brings us to the second question of how privatization becomes relevant in Pakistan.
The Sharif-led government is also expected to face a tough time convincing his countrymen that the privatization program is not driven by IMF conditions.
Observers had earlier suggested that regulatory and supervisory agencies be set up to aid privatization efforts and to also make sure that public tenders are transparent.
Although markets may offer competitive advantage in the short term, benefits from privatization may be short lived (Warner & Hefetz, 2000).
Some of these companies have been privatized by the law of Ante Markovic, and others by the privatization law of 1993 and with a government decision.