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Nationalization may produce other effects, such as reducing competition in the marketplace, which in turn reduces incentives to innovation and maintains high prices. In the short run, nationalization can provide a larger revenue stream for government but may cause that industry to falter depending on the motivations of the nationalizing party.
YPF was founded in 1922 as the first oil company in the world to be established as a state enterprise. [4] The company grew to become largest in its sector in Argentina, and despite the divestiture of a sizable percentage of its extractive, refining, logistic, and retail infrastructure during its 1993 privatization, YPF in 2012 operated 52% of the nation's refinery capacity [5] and accounted ...
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 ...
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 momentum and demands for denationalisation gained currency towards the end of the government of Prime minister Zulfikar Ali Bhutto and Pakistan Peoples Party who under intensified their nationalisation programme had effectively the government-ownership management in the private industries of Pakistan; it had built a strong public-sector with priority on cement, steel and fertilizers. [8]
The Soviet authorities partially revoked the complete nationalization of industry (established during the period of war communism of 1918 to 1921) and introduced a mixed economy which allowed private individuals to own small and medium-sized enterprises, [2] while the state continued to control large industries, banks and foreign trade. [3]
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Denationalized Citizenship is one of many new citizenship processes which redefine traditional notions of citizenship as intrinsically linked with the nation-state and occurs within a subnational scale.