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 a process in which traditional, working-class communal life styles are said to have been replaced by more family and home-centred ones, away from the older working- class housing and in relatively new housing estates.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 ?
He said the privatization process in the country was going on from last 25 years with a prime objective of economic development and prosperity of the coming generations of the nation.
He explains that the Supervisory Board of the Privatization Agency will decide on whether the Central Depository AD should be included in the privatization program on the basis of the stances of two entities, the Financial Supervision Commission and DANS.
The fresh wave of privatization will render several thousands of workers jobless and create massive unemployment in the country.
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.
The firms Usje, Makstil and Pivara, which are on the privatization revision list, refuse to comment on these announcements; T-Home says they have been working transparently; as EVN Macedonia says the privatization of ESM has been the most transparent.
UK) collect 20 papers from the past two decades (primarily) that have influenced the thinking of economists, policymakers, and civil servants on the topics of privatization and regulation.
The research documents the experiences of a variety of communities that have moved to private service delivery and will help child welfare practitioners everywhere understand what privatization can--and cannot--do to help them help children.
The GAO explained three reasons for its finding that the DoD could improve oversight of awarded housing privatization projects.
Chong and Lopez-de-Silanes open their book with a brilliant summary of privatization efforts in various Latin American nations.
The bank is helping plan the privatization of the airline, one of the largest in the Middle East.
Prospective developers learned about Air Education and Training Command's Group II Housing Privatization project during industry and financial forums at the Roosevelt Hotel on Madison Avenue.