Privatization of State Owned Enterprises is an irreversible global trend and a dominant force shaping societies and economies throughout the world. Privatization is the transfer of economic activities from public sector ownership and/or management to private investors. It more usefully might be thought of as a continuum of policies which share characteristics of transferring ownership of production goods and or service from the state to private sector. This has been increasingly popular over the past decade in both developing countries and industrialized countries. Brazil is a leader of the second wave privatizations in the 1980's. Brazil's privatization process can be divided in to three stages. I will be exploring these stages, how successful or unsuccessful the privatization is and what the process entailed.
             The process starts in the 1980's, under the Figueiredo administration and also during Sarney's incumbency. It involved small and formerly private-owned companies that had been taken over by the State due to financial difficulties.
             The second stage was carried out in the first half of the 90's. This stage had much more of an aggressive approach. This stage was under Collor's administration. During this stage the National Privatization Program was created.
             The third stage I will be exploring during the election of President Fernando Henrique Cardoso in 1994. This is the third and current phase. I will explore the laws and amendments that were put into effect.
             While privatization of state-owned enterprises has been one of the most important aspects of economic transition from a centrally planned to a market system, no transition economy has privatized all it's SOE's simultaneously.
             There are three important reasons that may lead the state government to oppose privatization. 1) The State leaders essentially and ideologically against some parts of priviations, or...