According to Klein and Ralston, the merging of companies into giant corporations or the privatization of government-run industry and national assets often result in monopolies ( or oligopolies ) requiring government intervention to force competition and reasonable prices.

The government privatization program ended on schedule in 1998: 80 % of GDP is now produced by the private sector, and foreign owners control 70 % of financial institutions, 66 % of industry, 90 % of telecommunications, and 50 % of the trading sector.

In addition to approximately 200 other state owned businesses, privatization of the oil industry was scheduled to begin sometime in late 2005, though it is opposed by the Federation of Oil Unions in Iraq.

In more recent times, Winston Churchill's government privatized the British steel industry in the 1950s, and West Germany's government embarked on large-scale privatization, including selling its majority stake in Volkswagen to small investors in a public share offering in 1961.

Romania entered the 1990s a relatively poor country by European standards, largely a result of the failed economic policies of Nicolae Ceauşescu in the 1970s and of the failures of privatization in Romania during the 1990s, which decreased the GDP by almost 50 % and ruined the industry because of corruption.

During the Ronald Reagan era, privatization of the airline industry caused many of the compelling interests supporting the need for the community to evaporate.

For involvement of private corporations in water supply, see water industry and water privatization.

In October 1994, Kuchma announced comprehensive economic reforms, including reduced subsidies, lifting of price controls, lower taxes, privatization of industry and agriculture, and reforms in currency regulation and banking.

After 1990, however, following the nation-wide industry privatization Moineşti's economy changed dramatically, at some points reaching level of unemployment of over 20 %

In this party – which backed free markets, European integration, and privatization of state industry – one can see the consistency with the political platform Tusk backs today.

For England and Wales, a regulatory agency for water ( OFWAT ) was created as part of the privatization of the water industry in 1989.

He failed to avoid corruption in the privatization of the country's industry and promote effective financial decisions.

The standard model for electricity liberalization is the " British model ", after the British system which began in the late 1980s with the privatization and vertical de-integration of the United Kingdom electricity industry.

Water privatization by companies in the water industry is becoming an issue as water security threatens the global community.

* local government outsourcing operations to the private sector-an increasing trend since around 1990 ; around 10 % of the industry ( see also water privatization )

The pace and form of industry liberalization and privatization has been highly controversial.

This reorganization was seen as a massive privatization of the power industry, with the goal of attaining about US $ 79 billion in investments.

Most industry is based on large enterprises ; their structure has not been affected much by the privatization and reforms after the collapse of the Soviet Union.

Also supports the privatization of Ontario Hydro and the deregulation of the automobile insurance industry.

He is editor of a book entitled Return to the Moon, a collection of papers by leading professionals in the space industry regarding the future of space exploration and the privatization of the return to the moon.

In 1997, Nepal ’ s tea industry saw a major transformation towards privatization, with the privatization of the plantations and factories under the Nepal Tea Development Corporation ( NTDC ).

The 1980s and 1990s were challenging years for the British bus industry, with the privatization of publicly owned operators, deregulation of routes and the reduction and subsequent elimination of the Bus Grant, a Government grant that paid for a large proportion of the cost of new vehicles.

The government has largely completed privatization of agricultural lands and small and medium-sized enterprises.

Reindeer, upon which the local inhabitants subsisted, were once found in considerable numbers, but the domestic reindeer population has collapsed dramatically since the reorganization and privatization of state-run collective farms beginning in 1992.

The United States has encouraged Belarus to conclude and adhere to agreements with the International Monetary Fund ( IMF ) on the program of macroeconomic stabilization and related reform measures, as well as to undertake increased privatization and to create a favorable climate for business and investment.

Implementation of privatization, however, has been slow, and local entities only reluctantly support national-level institutions.

Growth in ferrous metallurgy, which is dominated by the Kremikovtsi Metals Combine, has been delayed by a complex privatization process and by obsolete capital equipment.

In the early 2000s ( decade ), shipbuilding has prospered at the major Varna and Ruse yards because of foreign ownership ( Ruse ) and privatization ( Varna ).

Under the latest economic protocol ( signed 3 January 1997 ), Turkey has undertaken to provide loans totalling $ 250 million for the purpose of implementing projects included in the protocol related to public finance, tourism, banking, and privatization.

In 1990, the administration of President César Gaviria Trujillo ( 1990 – 94 ) initiated economic liberalism policies or " apertura economica " and this has continued since then, with tariff reductions, financial deregulation, privatization of state-owned enterprises, and adoption of a more liberal foreign exchange rate.

Since privatization was implemented in 1993, the efficiency of port handling has increased greatly.

The government has been selling its stake in local airports in order to allow their privatization.

As one commentator explains, " The privatization of state owned industries, unthinkable before, became commonplace Thatcher's government and has now been imitated all over the world.

A process of public sector reform and privatization has begun to enhance opportunities for the private sector.

The total privatization of the pension system has implied a serious burden for the public finances, because the newly created private Pension Association Funds did not absorb coverage of retired pensioners covered in the old system.

U. S. support for El Salvador's privatization of the electrical and telecommunications markets has markedly expanded opportunities for U. S. investment in the country.

The current government has embarked on a program of economic reform, including privatization of state enterprises and rationalization of government regulation.

While economic growth has declined since 2001 due to adverse shocks, including slowdown in the global economy and natural disasters, fiscal policy became more expansionary when privatization receipts declined.

The Bamako-Dakar line, which has been described as dilapidated, is owned by a joint company established by Mali and Senegal in 1995, with the eventual goal of privatization.

Despite the fact that the pace of privatization and industrial output has slowed, GDP growth was 7. 3 percent in 2004, consumption continues to grow, and the currency continues to appreciate.

Moreover, the privatization program has stalled, while corruption remains widespread and governance weak.

Since 1993, the country has followed a policy of privatization of certain economic sectors which used to be in the hands of the government.

The People's Republic of China has continued the agenda of Deng's reforms by initiating significant privatization of the economy.

To cut costs the government has called for a freeze on wages, a reduction of over-staffed public service departments, privatization of numerous government agencies, and closure of some overseas consulates.

The privatization of small and medium state-owned companies and a liberal law on establishing new firms has encouraged the development of the private business sector, which has been the main drive for Poland's economic growth.