privatization

English - Turkish

Definition of privatization in English Turkish dictionary: özelleştirme
privatize: özelleştirmek
privatisation: özelleştirme

English - English

Definition of privatization in English English dictionary: The transfer of a company or organization from government to private ownership and control; Privatization/Privatisation (alternately "denationalization/denationalisation" or "disinvestment") is the transfer of ownership from the public sector (government) to the private sector (business). A transfer in the opposite direction could be referred to the nationalization or municipalization of some property or responsibility; Refers to the privatization of ownership of a public utility Does not necessarily imply the reduction of a utility's monopoly powers,or the purchase of independent power; Generic term referring to efforts to move traditional functions formerly carried out by governmental agencies, but shifted to private sector organizations, usually under rubric of managed care Most often involves management and financing functions; privatisation the act of privatizing something. Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned enterprises may be lifted. Services formerly provided by government may be contracted out. The objective is often to increase government efficiency; implementation may affect government revenue either positively or negatively. Privatization is the opposite of nationalization, a policy resorted to by governments that want to keep the revenues from major industries, especially those that might otherwise be controlled by foreign interests; A transaction whereby the property of the Argentine state becomes the property of the Spanish state Other examples (e g the property of the Canadian state becomes the property of the US state) may be substituted depending on circumstances; Shifting functions, in whole or part, from government to the private sector when there is no continuing public policy reason to retain responsibility within government, or when that responsibility can be discharged through regulation; Programs that empower the private sector with duties traditionally reserved for governmental entities Examples include self-regulation, government subcontracting of regulatory powers to private entities, and government/industry cooperative agreements; The selling-off of publicly owned enterprises to private owners; The conversion of a government-performed activity to private nongovernment performance, either to eliminate an activity which is not a valid government function or to cut the cost or improve the efficiency of performing the activity by introducing competition; the process whereby functions that were formerly undertaken by government are delegated instead to the private sector; The process of governments selling Crown corporations; Conversion of a state run company into a public company, often accompanied by a sale of its shares to the general public; the process whereby state-owned companies are sold to the private sector; The process of making state-owned enterprises private Also termed denationalization; The process of selling government owned industry and services to private companies Privatization is currently taking place in the former Soviet Union and Eastern Europe in the transition to market economies It is also taking place in many LDCs that are trying to reduce government spending and generate income by selling unprofitable services and industries; Conversion of a state run company to public limited company status often accompanied by a sale of its shares to the public; Selling public corporations to business or individual interests; Increased use of private sector in providing social benefits and services, such as greater reliance on occupational welfare or proprietary child care services or nursing homes May involve reduced role of government and increased role of market in funding, delivery, and/or regulation; Privatization is the process of changing a public entity or enterprise to private control and ownership It does not include determinations as to whether a support service should be obtained through public or private resources, when the Government retains full responsibility and control over the delivery of those services; The process of selling publicly owned enterprises to private individuals and firms; The process of selling government owned industries and services to private companies Privatization is currently taking place in the former Soviet Union and Eastern Europe in the transition to market economies It is also taking place in many LDC's that are trying to reduce government spending and generate income by selling unprofitable services and industries; {i} act of making private, act of transferring control from governmental to private powers (also privatisation); a general term referring to a range of contracts and other agreements that transfer the provision of some services or production from the public sector to private firms or organizations; The sales of publicly-owned resources to private enterprises; the process whereby functions that were formally run by the government are delegated instead to the private sector; The process of transferring, selling or divesting government or state-owned companies or assets to private ownership There is much debate about what kinds of goods and services should be publicly owned or administrated versus private [TOP]; The act of a government transferring state-owned or state-run companies to the private sector, usually by selling them; The transfer of activities from the government to the public sector; privatizing
privatization committee: {i} committee that deals with issues related to making public organizations into private ones
privatization of shipyards: turning the shipyard companies from public companies to privately-held ones
privatization program: program through which government owned businesses are sold in the public sector
Inter-ministerial Committee on Privatization: {i} committee involving several ministries for privatization of government assets
privatisation: The permanent transfer of property rights from the state to the private sector Typical forms of privatisation include: sale of shares to private investors, Build-Operate-Own (BOO) models, Management Buy-In (MBI) models, Management Buy-Out (MBO) models, Employee Buy-Out (EBO) models, or voucher systems
privatisation: The conversion of a state run company to PLC status, often accompanied by a sale of its shares to the public
privatisation: Privatisation means the sale of shares in government of publicly-owned business organisations The Commonwealth Bank, for example, has been part-privatised with the sale of up to fifty per cent of its capital to private individuals The Kennett Govern ment in Victoria plans to privatise many services at present conducted by local government
privatisation: mostly, UK, altspellpar, privatization
privatisation: Dealing with the transfer of businesses from the state to the private sector This commonly involves complex contractual structures to be put in place, and the industries concerned are usually closely regulated
privatisation: Transfer by central or local government of a business and its assets from state to private ownership
privatisation: {i} act of making private; transferal of ownership from government to private hands (also privatization)
privatisation: The transfer of a public enterprise from state to private ownership It is generally not used to refer to the introduction of market-type mechanisms such as contracting out, or the private provision of public infrastructure, or the growth of private alternatives to public sector provision
privatisation: the process of changing a government enterprise into a privately owned enterprise (chapter 15)
privatize: To release government control of a business or industry to private industry
privatize: change from governmental to private control or ownership; "The oil industry was privatized"
privatize: change from governmental to private control or ownership; "The oil industry was privatized
privatize: pri·vat·ize privatizes privatizing privatized in BRIT, also use privatise If a company, industry, or service that is owned by the state is privatized, the government sells it and makes it a private company. The water boards are about to be privatized. a pledge to privatise the rail and coal industries. the newly privatized FM radio stations. nationalize + privatization privatizations pri·vati·za·tion the privatisation of British Rail. fresh rules governing the conduct of future privatizations. nationalization. if a government privatizes an organization, industry, or service that it owns or controls, it sells it nationalize
privatize: {f} make private, transfer control from governmental to private powers; change a business or industry from public to private control or private ownership (also privatise)