Privatization

Golden Share: Controlling Stake in a Company
A golden share is a special type of share that provides its holder with certain key powers and typically ensures that the company remains under specific control, such as preventing foreign ownership.
Hard Budget Constraint: Financial Discipline in Action
A limit to spending by some private or public body, where breaching it has significant consequences such as job loss or firm closure. A concept fundamental in financial management, especially evident in privatization policies.
Liberalization: The Process of Eliminating Restrictions to Open Up Markets
Liberalization refers to the relaxation of government restrictions in economic policies, often accompanying privatization, to foster a more open and competitive market environment.
Nationalization: Bringing Resources Under Government Control
Nationalization refers to the process of bringing resources and activities formerly operated by private businesses or local organizations under government ownership and control. It is the opposite process to privatization.
Nationalized Industry: State Ownership of Economic Sectors
An industry whose ownership has been taken over by the state. Nationalization motives vary: moderating monopoly power, enhancing economic efficiency, subsidizing employment, or reducing private capitalists' power.
Privatization: Process and Implications
The process of transferring ownership of a business, enterprise, agency, or public service from the public sector to the private sector.
State-Owned Company: Comprehensive Overview
A detailed examination of State-Owned Companies, including their history, types, key events, importance, and applicability, along with examples, considerations, and related terms.
Township and Village Enterprise: Economic Pioneers in Rural China
Township and Village Enterprises (TVEs) represent a distinctive form of production unit in China, primarily situated in rural areas and collectively owned by local communities. Initially focused on industrial inputs for agriculture, they evolved significantly post-economic reforms to become a vital economic force.
Privatization: Definition and Implications
Comprehensive overview of privatization, including its process, types, advantages, disadvantages, historical context, and global examples.

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