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Nationalization (nationalisation in British English) is the process of transforming privately owned assets into public assets by bringing them under the public ownership of a national government or state. [1] Nationalization contrasts with privatization and with demutualization.
1868 Nationalisation of inland telegraphs under the General Post Office with the Telegraph Act 1868. [69] 1875 Suez Canal Company - The Egyptian share in the company was bought by the government. 1912 Nationalisation of National Telephone Company under the GPO, apart from Portsmouth and Hull. The Portsmouth telephone service was nationalised ...
The reasons for nationalization may include: Saving a very valuable company from bankruptcy; Confiscation of assets; Executing eminent domain; Nationalization is essentially a move by the nation of the company to acquire controlling interest in the company, either through buying majority shares with a motive to: Eliminate dominance of the ...
Nationalisation of British railways; Chilean nationalization of copper; Nationalization in Poland; Nationalization of electricity in Quebec; Nationalization of oil in Algeria; Nationalization of oil supplies; Nationalization of PrivatBank; Nationalization of the Iranian oil industry; List of nationalizations by country
Following the nationalisation of Northern Rock, the Act allowed for the nationalisation of the mortgage and personal loan book of Bradford & Bingley on 29 September 2008. [ 5 ] On 8 October 2008, the Treasury announced that an order under the Act was being used to transfer all retail deposits with Heritable Bank , a UK-based banking subsidiary ...
Economic nationalism or nationalist economics is an ideology that prioritizes state intervention in the economy, including policies like domestic control and the use of tariffs and restrictions on labor, goods, and capital movement. [1]
Nationalization: Nationalization is a similar process to municipalization but shifts ownership and operational control towards the government at a national or federal level. There is often an assumed tradeoff between the promised equality under nationalization and the promised efficiency of privatization.
The IMF and World Bank (two Bretton Woods institutions) require borrowing countries to implement certain policies in order to obtain new loans (or to lower interest rates on existing ones). These policies are typically centered around increased privatization , liberalizing trade and foreign investment, and balancing government deficit. [ 2 ]