Privatisation Flashcards
1
Q
What is privatisation
A
The transfer of assets from the public (government) sector to the private sector
2
Q
In the U.K. …
A
Privatisation has led to a sizeable reduction in the size of the public sector. State owned enterprises now contribute less than 2% of GDP and less than 1.5% total employment
3
Q
In Eastern Europe …
A
Privatisation has become a key micro reform in the transition economies
4
Q
Over the last few years..
A
Privatisation in the U.K. economy has given way to a new wave of nationalisation including some high profile banks, building societies and transport services.
