Privatisation as option for investing.

Abstract

In Western Europe, privatisation became a socially accepted policy element after the vigorous implementation of the United Kingdom’s privatization program in the mid-1980s. In Latin America, where state entrepreneurship has a long tradition, privatization was introduced as part of fiscal adjustments to the debt crisis in the early 1980s. After the collapse of communist regimes in Central and Eastern Europe and the former Soviet Union, the SOE reforms and privatization became central elements of a comprehensive transformation process to create market economies based on private property rights. These world-wide trends in privatization imply a massive transfer of ownership and control rights to the private sector over the ten-year period from 1984 to 1994