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Global Encyclopedia of Public Administration, Public Policy, and Governance pp 1–5Cite as

Privatization

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Synonyms

Governance; Marketization; Public administrative reform

Definition

Privatization is defined by either financial or organizational aspects: the transfer of assets owned by government to the private and not-for-profit sectors, or the participation of these organizations in public service delivery which were previously limited to the government.

Introduction

Privatization is the reconsideration of priorities in government intervention and redefines boundaries between the public and private sector. Privatization has appeared as one of the key features in Anglophone public administration reform since the 1980s due to economic stagnation, which required public expenditure reductions to balance budgets and ending government protection of declining industry. It has subsequently been adopted in countries facing similar economic issues, including formerly communist countries and Lower and Middle-income countries, where the World Bank and International Monetary Fund are influential...

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References

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Author information

Authors and Affiliations

  1. Department of Social Policy and Social Work, University of York, York, UK

    Yurie Yokoyama

Authors
  1. Yurie Yokoyama
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Corresponding author

Correspondence to Yurie Yokoyama .

Editor information

Editors and Affiliations

  1. Florida Atlantic University, Boca Raton, Florida, USA

    Ali Farazmand

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Cite this entry

Yokoyama, Y. (2018). Privatization. In: Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-31816-5_364-1

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  • DOI: https://doi.org/10.1007/978-3-319-31816-5_364-1

  • Received:

  • Accepted:

  • Published:

  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-31816-5

  • Online ISBN: 978-3-319-31816-5

  • eBook Packages: Springer Reference Economics and FinanceReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences

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