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The term Privatization is often loosely used to mean a number of related activities, including any expansion of the scope of
private sector activity in an economy and the adoption by the public sector of efficiency enhancing techniques commonly
employed by the private sector. While acknowledging that no definition of privatization is water tight, we will define
privatization, for the purpose of this paper, as the transfer of productive asset ownership and control from the public to the
private sector.1 The transfer of assets can be total, partial or functionary, with the s ....
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