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Nationalization Defined

The act by which government takes over a business enterprise or service that has formerly been privately owned. Opponents of nationalization say it is inefficient because it leads to overcentralization, and is costly. Supporters say that nationalized industries are easier to coordinate and can be expanded more easily and efficiently.

This definition is in context to Political. See more contextual defintions for Nationalization.


More Trade and Economic Freedom Pages

Published July 1, 2009, 12:42 pm, Heritage Foundation

Leaders from the U.S., France, Italy, Germany, Japan, Russia, Canada, and the United Kingdom are scheduled to meet July 8-10 in Italy for the latest G-8 summit meeting. Looming ever larger on the economic policy agenda is the state of global trade.

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Anxious Oil Giants Pass on Iraq

Published July 1, 2009, 3:15 am, Washington Post

Effort to woo foreign energy companies to help resurrect oil fields falls flat as most balk at the financial terms offered by the government.

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RECONFIGURATION, NOT JUST A RESET: Russia"™s Interests in Relations with the United States of America

Published July 1, 2009, 12:26 am, Russian Information Agency Novosti

Moscow, June 2009 Authors: SERGEI KARAGANOV — Professor, Chairman of the Presidium of the Council on Foreign and Defense Policy, Valdai Club meetings chairman; — chief of contributors, executive editor of the report.

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Price Squabbles, Security Concerns Lead Oil Giants to Pass On Iraq Fields

Published June 30, 2009, 9:00 pm, Washington Post

BAGHDAD, June 29 -- Iraq's effort to woo foreign energy companies to help resurrect its ailing oil fields fell flat Tuesday, as most companies balked at the financial terms offered by the government despite the lure of the country's vast reserves.

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Argentina vote: Referendum on the Kirchners

Published June 28, 2009, 8:34 am, The Christian Science Monitor

Voters say that candidates in Sunday's mid-term elections pay little attention to top concerns of jobs and crime.

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Mousavi would shun nuclear weapons, says Iran scholar

Published June 27, 2009, 10:20 pm, Haaretz Daily

Even if the Iranian authorities succeed in suppressing the large demonstrations, the opposition might adopt other forms of protest - such as manifestos, strikes and mass resignations by university professors.

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