Privatization
in sentence
465 examples of Privatization in a sentence
Although
privatization
is practiced from Moscow to Havana it remains controversial.
France’s socialist government, for example, knows that
privatization
means increased productivity but also dramatic job cuts.
It resists but really can’t hold out because its international competitors understand that productivity gains of 30% or more can be harvested from
privatization.
Take encouragement from Tony Blair’s message last year to European socialists — change or count your days, but also recognize that competition,
privatization
and globalization dramatically impact the earnings of unskilled people.
Likewise, Italy is being encouraged to accelerate
privatization.
Privatization
of pensions, for example, has proved costly in those countries that have tried the experiment.
Similarly, extensive experience in both developed and developing countries suggests that
privatization
often leads to disaster when undertaken in the middle of a fiscal crisis.
Putting
privatization
on hold is entirely sensible.
Without privatization, the farmers could not sell their land at market value for urban development, creating space for abuse and corruption, as well as social instability, particularly because urban and rural land values widened substantially during China’s high-growth period.
Her relationship with Soviet leader Mikhail Gorbachev opened up the way to ending the Cold War; her
privatization
policies showed the world how to dismantle state socialism.
Thatcher’s answers to the growing industrial disorder of the 1970’s were “monetarism” to liquidate inflation, legal curbs on trade-union power, and
privatization
of bloated state-owned industries – “selling off the family silver” as former Conservative Prime Minister Harold Macmillan called it.
Unfortunately, under the preceding years of IMF programs, the market economy with high interest rates, illegitimate privatization, poor corporate governance, and capital-market liberalization provided only incentives for asset stripping.
In the financial media, China and India have become poster children for market reform and globalization, even though in matters of privatization, property rights, deregulation, and lingering bureaucratic rigidities, both countries have in many ways departed from economic orthodoxy.
Today’s global inequality crisis is the result of 30 years of unchecked deregulation, privatization, financial secrecy, and globalization.
The nature of these institutions is evident in discussions about
privatization.
What
privatization
means is clear in developed market democracies.
But when they are not, the consequences of
privatization
are murky.
Conventional wisdom held that quick
privatization
would reverse this process.
Even aside from the insecurity of new property rights, the gains of
privatization
are often uncertain at best.
So debate about
privatization
should have been transformed into a debate about liquidation.
To cite one example: the memorandum of economic policies submitted by the Korean government to the IMF (March 10th, 1999) contains one-and-a-half pages on macroeconomic policy, and twelve densely-packed pages on privatization, financial sector restructuring, prudential regulation and supervision, corporate restructuring, trade and capital account liberalization, and transparency, monitoring and data reporting.
Given the new challenges of gobalized insecurity caused, at least in part, by the
privatization
of force, there is now an urgent task to develop international norms that are relevant to today's conditions.
This challenges the Washington Consensus, with its one-size-fits-all formula of privatization, deregulated labor markets, financial liberalization, international economic integration, and macroeconomic stability based on low inflation.
But investment is impossible without privatization, to which the regime has an ideological allergy.
The EU should streamline and front-load existing transfers to Greece, and it should help to trigger capital injection into state assets slated for
privatization.
Giulio Tremonti, Berlusconi's Economy and Finance Minister and ideologue of the alliance with Umberto Bossi's xenophobic Lega Nord , declared in a recent interview: "Let's be done with the utopia of
privatization.
In Greece, anti-corruption officers from the US, Italian tax-efficiency specialists, German
privatization
experts, and Spanish tourism professionals should be made available to accelerate the pace of modernization.
In the wake of this struggle,
privatization
was traumatized.
The need to overhaul SOEs, for example, remains on the agenda, owing to the power of vested interests that oppose further
privatization
and market-based reforms.
If raising income taxes to the standard of industrial economies is impossible, then you must accept a lower level of public services: hence his radical
privatization
program of the early 1990's, hence his assault on public sector employees and their European-style salaries and benefits.
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