Privatization

Privatization (sometimes privatisation, denationalization, or, especially in India, disinvestment) is the process of transferring property, from public ownership to private ownership and/or transferring the management of a service or activity from the government to the private sector. The opposite process is nationalization or municipalization.

References

• Clarke, Thomas (ed.) (1994) "International Privatisation: Strategies and Practices" Berlin and New York: Walter de Gruyter, ISBN 3110135698
• Clarke, Thomas and Pitelis, Christos (eds.) (1995) "The Political Economy of Privatization" London and New York: Routledge, ISBN 041512705X
• Nellis, John and Kikeri, Sunita (2002), "Privatization in Competitive Sectors: The Record to Date" (June 2002). World Bank Policy Research Working Paper No. 2860.
• Nancy Birdsall and John Nelllis (2002), "Winners and Losers: Assessing the Distributional Impact of Privatization", Center for Global Development Working Paper No 6., May 2002
• William L. Megginson and Jeffry M. Netter (2001), "From State To Market: A Survey Of Empirical Studies On Privatization", Journal of Economic Literature June 2001
• Juliet D?Souza, William L. Megginson (1999), "The Financial and Operating Performance of Privatized Firms during the 1990s", Journal of Finance August 1999