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Marketing 2 - Paper

Marketing 2

The term Privatization is often loosely used to mean a number of related activities, including any expansion of the scope of
private sector activity in an economy and the adoption by the public sector of efficiency enhancing techniques commonly
employed by the private sector. While acknowledging that no definition of privatization is water tight, we will define
privatization, for the purpose of this paper, as the transfer of productive asset ownership and control from the public to the
private sector.1 The transfer of assets can be total, partial or functionary, with the sale being implemented by methods such as
private sales, leasing arrangements, employee buy outs and share issues. In ...

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a number of common features in relation to the drive towards privatization. For most of these countries,
the first twenty years of independence were characterized by rapid growth, driven by favorable terms of trade and high levels of
public investments in infrastructure and services. The development of import substituting industries brought in the dramatic rise
of parastatal corporations, which were also used as vehicles for increased local participation in the economies. Many
governments moved to nationalize existing foreign interests in their countries and also to create new state enterprises to carry
out the various production and trading functions. Parastatal corporations rapidly dominated the extractive industries,
manufacturing and financial sectors of their economies, and acquired important economic and political status, becoming major
sources of employment. The moderate growth experienced in the seventies, however, was quickly reversed by the financial
crisis of the ...

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Marketing 2. (2004, June 14). Retrieved January 22, 2025, from http://www.essayworld.com/essays/Marketing-2/9477

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"Marketing 2." Essayworld.com. June 14, 2004. Accessed January 22, 2025. http://www.essayworld.com/essays/Marketing-2/9477.

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PAPER DETAILS

Added: 6/14/2004 09:04:46 PM
Category: Miscellaneous
Type: Premium Paper
Words: 468
Pages: 2

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