Privitaztion paper .docx - 1 Privatization Kamal Miller...

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1 Privatization Kamal Miller Introduction to Public Administration Mr. Brown
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2 Abstract Privatization is the transfer of government services or assets to the private sector. State- owned businesses and industries may be sold to private owners. Services previously provided by government may be contracted out to private companies. Privatization can happen in multiple ways. Governmental, Education, and Military are the three major sectors that can be privatized. There are four ways that privatization can halt the government. Load shedding which is the government not providing foods and goods and letting the companies distribute them. An alternative delivery system where the government would be limited and go through companies. The restoration of competition and minimizing the government monopolies (Shafritz, 2017, p. 120). Government privatization also has three forms: The sale of government assets which includes railroads, and public housing. The second is the private financing of public facilities and this uses tolls from highways. And lastly is the private provision of services which retirement benefits and garbage collecting. (Shafritz, 2017, p. 119). The objective of privatization is to increase government efficiency. Implementation of this may affect government revenue either positively or negatively. Privatization encompasses a variety of techniques for shifting functions that have traditionally been wholly in the public sector into the private sector to various degrees. Introduction Privatization is the transfer of government functions to the private sector. Privatization is considered to bring more efficiency and objectivity to the company, something that a government company doesn't have the time or money to provide. privatization of the public sector has been one of the defining policies of the world economy going back to the 1970s.
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3 Developing economies had moved towards privatization dating to the 1970s. Margret
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