Privatization

nd is to be understood not merely in the structural sense of who owns an enterprise but also in the substantive sense of how far the operations of an enterprise are brought within the discipline of market forces. Another viewpoint (Parry, 1990:12) is that privatization is the expression of a particular political and economic framework and therefore represents a departure from the rationality and social concern found in many. It asserts the primacy of risk and uncertainty in the management of public business, with the public sector seen as an instrument of a minimal set of tasks.
             Moreover, various forms have developed over the years, each with its own name but all falling under the sphere of privatization. Among them is divestment; denationalization/divestiture; leasing and contracting out activities which the state has previously been involved into the private sector; market liberalization & deregulation; utilization of vouchers; encouraging alternative institutions; encouraging exit from state provision and buying out existing interest groups (Kwamina, 1988:12-18; Birch and Haar, 2000:2). However, for the purposes of this research paper only fou
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Privatization. (2000, January 01). In MegaEssays.com. Retrieved 18:57, October 16, 2026, from https://www.megaessays.com/viewpaper/18561.html